Showing 1 - 10 of 12
In this paper we present a new approach to measure the effect of infrastructures on firms’ location. We use fixed size rectangles around the roads as the unit of analysis instead of the traditional approach based on regions or municipalities. We apply this approach to Spain, which is an...
Persistent link: https://www.econbiz.de/10010851339
The identification of aggregate human capital externalities is still not fully understood. The existing (Mincerian) approach confounds positive externalities with wage changes due to a downward sloping demand curve for human capital. As a result, it yields positive externalities even when wages...
Persistent link: https://www.econbiz.de/10010547093
This paper aims at assessing the importance of the initial technological endowments when firms decide to create R&D agreements. We study a Bertrand duopoly where firms evaluate the returns of an agreement according to its length. A learning process allows us to depict a close connection between...
Persistent link: https://www.econbiz.de/10010547320
In this paper we present a model of oligopoly and financial constraints. We study allocations which are bankruptcy-free (BF) in the sense that no firm can drive another firm to bankruptcy without becoming bankrupt. We show how such allocations can be sustained as an equilibrium of a dynamic...
Persistent link: https://www.econbiz.de/10010547504
Do large firm dynamics drive the business cycle? We answer this question by developing a quantitative theory of aggregate fluctuations caused by firm-level disturbances alone. We show that a standard heterogeneous firm dynamics setup already contains in it a theory of the business cycle, without...
Persistent link: https://www.econbiz.de/10011274514
fertility. The gender gap in wages, after controlling for worker and job characteristics as well as for selection, is high. It …
Persistent link: https://www.econbiz.de/10010851362
driven by selection into marriage at younger ages, while there might be a protective effect of marriage at older ages. We … analyze how selection and protective effects of marriage show up in the data. …
Persistent link: https://www.econbiz.de/10010950613
We study the incentives to improve ability in a model where heterogeneous firms and workers interact in a labor market characterized by matching frictions and costly screening. When effort in improving ability raises both the mean and the variance of the resulting ability distribution, multiple...
Persistent link: https://www.econbiz.de/10011261234
The productive characteristics of migrating individuals, emigrant selection, affect welfare. The empirical estimation … of the degree of selection suffers from a lack of complete and nationally representative data. This paper uses a new and … selection for Mexican emigrants to the United States for the period 2000-2004 together with positive selection in Mexican …
Persistent link: https://www.econbiz.de/10010547400
dynamic context. Furthermore, we find selection in wage equations induced by the strike outcome. In this sense, the …
Persistent link: https://www.econbiz.de/10010547419