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From Individual to Aggregate Labor Supply: A Quantitative Analysis Based on a Heterogeneous Agent Macroeconomy

Chang, Yongsung; Kim, Sun-Bin - EconWPA - 2003

We investigate the mapping from individual to aggregate labor supply using a general equilibrium heterogeneous-agent model with an incomplete market. The nature of heterogeneity among workers is calibrated using wage data from the PSID. The gross worker flows between employment and nonemployment...

Persistent link: https://www.econbiz.de/10005126339

Heterogeneity and Aggregation in the Labor Market: Implications for Aggregate Preference Shifts

Chang, Yongsung; Kim, Sun-Bin - EconWPA - 2004

The cyclical behavior of hours worked, wages, and consumption does not conform with the prediction of the representative agent with standard preferences. The residual in the intra-temporal first-order condition for commodity consumption and leisure is often viewed as a failure of labor-market...

Persistent link: https://www.econbiz.de/10005076681

An interaction model for livestock farming and steppe ecosystem // “Mathematical Modeling of Ecological Systems” Almaty: Daik-Press, 2003. – 160 p. Abstracts. P.26.

Demberel S.; Olenev, Nicholas; Pospelov, Igor - EconWPA - 2003

This work builds a macro model for livestock farming based on aggregation of initial micro description for rational control of total number of vintage livestock (age cohorts). All variety of animal kinds is reduced to one by given recount coefficients. An optimal problem on co-hort total number...

Persistent link: https://www.econbiz.de/10005125668

An interaction model for livestock farming and steppe ecosystem

Demberel S.; Olenev, Nicholas; Pospelov, Igor - EconWPA - 2003

This work builds a macro model for livestock farming based on aggregation of initial micro description for rational control of total number of vintage livestock (age cohorts). Solution of an optimal problem on cohort total number of livestock gives the age limit for the operation of animals, the...

Persistent link: https://www.econbiz.de/10005408270

Economy and Environment Interaction // Moscow: Dorodnicyn Computing Centre Russian Ac. Sc., 2003. 40p. (In Russian)

Demberel S.; Olenev, Nicholas; Pospelov, Igor - EconWPA - 2003

This paper presents new results of mathematical modeling of economy and environment interaction . A model of mutual interaction of livestock farming - one in a two main agricultural branches - and natural pastures that are the essential part of livestock farming forage reserve is proposed....

Persistent link: https://www.econbiz.de/10005062754

Production Function of Skilled and Unskilled Labour in a Model of a Non-Growing Russian Economy. - Aberdeen: ILM Conference Proceedings, October 11-12, 1999. PP.560-575.

Olenev, Nicholas - EconWPA - 2003

This paper builds a production function of skilled and unskilled labour for the economy that does not grow. The paper uses the constant elasticity of substitution production function (CES) of skilled and unskilled labour on the micro level as an important building stone. The paper obtains a...

Persistent link: https://www.econbiz.de/10005125802

Dual Economies and International Total Factory Productivity Differences

Chanda, Areendam; Dalgaard, Carl-Johan - EconWPA - 2005

exercises indicate that recent findings of the conduciveness of good institutions, and, to some extent trade, on levels of TFP …

Persistent link: https://www.econbiz.de/10005561240

Dual Economies and International Total Factor Productivity Differences

Chanda, Areendam; Dalgaard, Carl-Johan - EconWPA - 2003

from institutions, and to some extent, geography, on long-run prosperity and TFP, may be thus explained. …

Persistent link: https://www.econbiz.de/10005126217

Non-linear real exchange rate effects in the UK labour market

Legrenzi, Gabriella; Milas, Costas - EconWPA - 2004

affecting UK labour market conditions. When the real exchange rate is undervalued, short-run unemployment falls as firms respond … to an improvement in domestic competitiveness by increasing their demand for labour. The unemployment response to the … reflects monetary policy considerations, our results imply that unemployment can be targeted by economic policy. Our results …

Persistent link: https://www.econbiz.de/10005556606

Non-linear real exchange rate effects in the UK labour market

Legrenzi, Gabriella; Milas, Costas - EconWPA - 2005

unemployment vary both with large versus small real exchange rate disequilibria and rising versus falling unemployment regimes. The … adjustment in periods of falling unemployment. This implies that prices and wages are more flexible when real output is high … demanding and getting higher wages. Unemployment is reduced following gains in competitiveness when the real exchange rate is …

Persistent link: https://www.econbiz.de/10005561246