Showing 1 - 10 of 22
are found not to equal zero and this in turns affects all estimates of consumption, labor supply and saving elasticities … profit function rationalizing consumption, labor supply and savings is specified, estimated and used to test commonly … maintained separability hypotheses. Both consumption- labor and time separability are rejected. Cross-price Frisch elasticities …
Persistent link: https://www.econbiz.de/10005125687
are found not to equal zero and this in turns affects all estimates of consumption, labor supply and saving elasticities. … profit function rationalizing consumption, labor supply and savings is specified, estimated and used to test commonly … maintained separability hypotheses. Both consumption- labor and time separability are rejected. Cross-price Frisch elasticities …
Persistent link: https://www.econbiz.de/10005561778
savings. In line with life-cycle theory, we found that longevity increases saving ratios. …
Persistent link: https://www.econbiz.de/10010779372
superior management expertise that allows them to predict market fluctuations and plan the expansion and investment strategies …) adjustment and validate the use of a discrete choice modelling thereafter. Investment process occurs more smoothly than … anticipate the investment spikes by hiring one year in advance in addition to the simultaneous hiring. These firms possess a …
Persistent link: https://www.econbiz.de/10005408290
SAVING DOES NOT EQUAL INVESTMENT John Maynard Keynes confused economists and politicians all over the world when he … wrote, “Saving is necessary to equal investment” together with a few equations to confirm his idea and finally concluding … that S = I. There have been repeated discussions about how saving can equal investment, accidentally or with certainty. We …
Persistent link: https://www.econbiz.de/10005126256
Some thoughtful questions and linear answers to the economic, social, and political consequencs that comes with restrictive regulating laws. 'Regulatory law is where Socialism meets Liberalism; or what might be called the highest form of Liberalism, the lowest form of Socialism.'
Persistent link: https://www.econbiz.de/10005076636
If, in international agreements, governments “link'' trade to environmental policy (or other issues with non-pecuniary externalities), will this promote more cooperation in both policies or will cooperation in one policy be strengthened at the expense of the other? We analyze this question in...
Persistent link: https://www.econbiz.de/10005124914
there is free circulation of labor, increasing returns to scale, and endogeneity of skills, this produces on the one hand …
Persistent link: https://www.econbiz.de/10005125704
This paper addresses a specific suggestion for immigration reform—that we must seek skilled immigrants—by examining support for a move to unlimited H-1B visa issuance. Great care is taken to include up to date media coverage as immigration policy is greatly affected by public opinion. This...
Persistent link: https://www.econbiz.de/10005408048
correlation between the return on housing investment and consumption not only implies positive relationship between the portfolio … share of housing investment and excess return but also renders the housing wealth inappropriate in consumption smoothing. We …A house is generally considered as a 'roof over one's head', however, housing can be regarded as an investment or asset …
Persistent link: https://www.econbiz.de/10005076712