Showing 1 - 10 of 165
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10005181434
We adopt a spatial econometric approach to estimate intra- and inter-industry productivity spillovers in total factor productivity transmitted through input-output relations in a sample of 13 OECD countries and 15 manufacturing industries. Both R&D spillovers as well as remainder,...
Persistent link: https://www.econbiz.de/10005406424
attracting innovative projects with a high earnings potential and innovation level. The effect is statistically significant and …
Persistent link: https://www.econbiz.de/10010627560
Within a two-country model with involuntary unemployment, this paper investigates corporate income taxation under … tax policy causes a fiscal externality which goes back to unemployment. This unemployment externality is the lowest when … apportionment improves welfare and reduces unemployment. The welfare increase is the strongest under a pure sales formula. …
Persistent link: https://www.econbiz.de/10005405761
This paper studies a two-region model in which unemployment, education decisions and interregional migration are … endogenous. The poorer region exhibits both lower wages and higher unemployment rates, and migrants to the richer region are … change reduces wages of the unskilled. Both education and migration decisions are distorted by a uniform unemployment …
Persistent link: https://www.econbiz.de/10005405804
equilibrium model of wage dynamics and unemployment. The model is developed under the assumption of worker mobility, so that … Beaudry and DiNardo (1991). We solve for the dynamics of wages and unemployment, and show that real wages do not necessarily … to match actual unemployment and wage series. We also show that equal treatment follows in our model from the assumption …
Persistent link: https://www.econbiz.de/10005405841
the wages for skilled and unskilled workers, leading to involuntary unemployment of unskilled workers in equilibrium … by lower wage differentials as well as higher unemployment. Allowing for endogenous skill formation in both countries …
Persistent link: https://www.econbiz.de/10005405845
In contrast to much recent work regarding the causes of European unemployment, in this paper, we emphasise the … accumulation and unemployment, we argue that what matters for the evolution of employment [and the unemployment rate] is not the …
Persistent link: https://www.econbiz.de/10005405890
In this paper fiscal policy is examined for an open economy characterised by unemployment due to efficiency wages. We …
Persistent link: https://www.econbiz.de/10005405914
In this paper, we attempt to renew the interest in marginal employment subsidies. Such subsidies are paid only for a firm's additional employment exceeding some reference level and create larger employment stimuli at lower fiscal costs than general wage subsidies for all workers. If the hiring...
Persistent link: https://www.econbiz.de/10005405928