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Does Public Education Expansion Lead to Trickle-Down Growth?

Böhm, Sebastian; Grossmann, Volker; Steger, Thomas - CESifo - 2014

The paper revisits the debate on trickle-down growth in view of the widely discussed evolution of the earnings and income distribution that followed a massive public expansion of higher education. We propose a dynamic general equilibrium model to dynamically evaluate whether economic growth...

Persistent link: https://www.econbiz.de/10010948861

Journey into the Unknown? Economic Consequences of Factor Market Integration under Increasing Returns to Scale

Schäfer, Andreas; Steger, Thomas - CESifo - 2011

What are the dynamic consequences of comprehensive integration shocks? The answer to this question appears all but trivial. We set up a dynamic macroeconomic model of a small open economy where both capital and labor are mobile and there are increasing returns to scale at the aggregate level....

Persistent link: https://www.econbiz.de/10009645233

Migration, Capital Formation, and House Prices

Grossmann, Volker; Schäfer, Andreas; Steger, Thomas - CESifo - 2013

with land-intensive production in the non-tradable goods sector (housing). To capture the response to migration on housing … due to increased housing costs, landowners may win. Moreover, we show how the relationship between migration and capital … reversal of migration during the transition to the steady state, like observed in East Germany after unification in 1990. It is …

Persistent link: https://www.econbiz.de/10010627564

History, Expectations, and Public Policy: Economic Development in Eastern Germany

Schäfer, Andreas; Steger, Thomas - CESifo - 2010

Motivated by the process of economic development in Eastern Germany since the German reunification we set up a dynamic macroeconomic model of a small open economy where both capital and labor are mobile and there are increasing returns to scale at the aggregate level. The model features multiple...

Persistent link: https://www.econbiz.de/10008671695