affecting the quantity and quality of employment on the demand side of the economy; and c) factors affecting processes of … 'unemployment' and 'poverty' traps, geographical mobility of residence and employment pay discrimination, the 'discouraged worker …

the elasticity of innovation, as measured by the number of new chemical entities appearing on the market for a given … additional new chemical entity. An elasticity substantially and significantly below one-half is also a plausible implication of …

Estimates of the elasticity of substitution between domestic and foreign varieties are small in macroeconomic data, and …

data). Even when these sources of aggregation bias are corrected for, however, the estimates of the elasticity of …In this paper we present empirical evidence of the importance of aggregation bias in Euler equations for consumption …. The main result is that estimates of the elasticity of intertemporal substitution for consumption are consistently lower …

We show the importance of a dynamic aggregation bias in accounting for the PPP puzzle. We prove that established time …

when we can separate the effect on efficiency from the effect on distribution, that is when Gorman aggregation applies, the …