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This paper applies parametric and nonparametric techniques to the most recent data from the Russian Longitudinal Monitoring Survey (RLMS) 1992- 2000 and shows the returns to schooling increased over the course of transition, overall and for attainment cohorts neither at the top nor bottom of the...
Persistent link: https://www.econbiz.de/10005076535
contributor to the lower wages paid to black and Hispanic men than to white men with similar individual characteristics. Our …
Persistent link: https://www.econbiz.de/10005125706
We investigate the steady decline in aggregate unemployment rates in Korea since the 1960's. We argue that a pronounced decrease in the intensity of reallocation shocks, which resulted in a downward trend in the natural rate of unemployment, has been an important factor in this decline. Our...
Persistent link: https://www.econbiz.de/10005125761
This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be...
Persistent link: https://www.econbiz.de/10005126382
There is a general misconception on the impact of marginal tax rates. Following the hypothesis of optimising economic agents, it is proper that marginal rates enter the discussion. The only issue is that the margin mu= st be computed correctly. In dynamics, one must take account of the fact tha=...
Persistent link: https://www.econbiz.de/10005408095
cannot be explained by either the observed or unobserved skills of the workforce or the characteristics of the workplace. To … over time so such controls are possible. Changes in wages are shown to respond to changes both to profits per employee and …-size relationship can be explained by the skills of the workers. They can be shown to be consistent with some forms of non …
Persistent link: https://www.econbiz.de/10005118838
have positive impacts on young women's wages. We find evidence of ability sorting, but controlling for ability, women who … attend higher quality colleges earn higher wages. Women receive smaller gains from college quality than do men; black women … earn more than those who attend public colleges, and women earn lower wages, the higher the proportion of their college …
Persistent link: https://www.econbiz.de/10005125045
have substantial positive impacts on young men's wages. This finding is robust to a wide array of alternative …
Persistent link: https://www.econbiz.de/10005125048
positive knowledge spillovers, but the effects of intra-industry trade are ambiguous. With regard to sectoral import … penetration, we find that potential positive spillovers are dominated by negative competition effects. This, however, masks the …
Persistent link: https://www.econbiz.de/10005408066
country level data for 17 OECD countries. The paper relates to a large recent literature on productivity spillovers from …This paper investigates the productivity effects of inward and outward foreign direct investment using industry and … inward FDI, however, we also consider the relationship between productivity and outward FDI in the same estimation. Our …
Persistent link: https://www.econbiz.de/10005556462