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The Choice of Institutions: The Role of Risk and Risk-Aversion
Weinhold, Diana; Zak, Paul J. - EconWPA - 2005
Institutions can affect individual behavior both via their efficiency impact and via their risk reducing mechanisms. However there has been little study of the relative importance of these two channels in how individuals choose between simultaneously extant institutions. This paper presents a...
Persistent link: https://www.econbiz.de/10005118909
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CIRCULAR VARIABLE WORK IN PROCESS
Vildosola, Luis - EconWPA - 2002
This work is focused on identifying a circular pull production control system (PPCS) and make emphasis on the presence of a stability attribute. It is an introductory paper to an extended study of macroeconomic financial stability in a physically open but systemic closed system. Previous work...
Persistent link: https://www.econbiz.de/10005126234
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Effects of Business Cycles on Labour Market Assimilation of Immigrants
Aydemir, Abdurrahman - EconWPA - 2003
This study addresses the effects of macroeconomic conditions on the labour market outcomes of immigrants. It simultaneously identifies the separate effects of macro conditions at the time of entry to the labour market and at the time of the survey, while allowing for cohort effects. Also, for...
Persistent link: https://www.econbiz.de/10005408346
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Effects of Business Cycles on Labour Market Assimilation of Immigrants
Aydemir, Abdurrahman - EconWPA - 2003
This study addresses the effects of macroeconomic conditions on the labour market outcomes of immigrants. It simultaneously identifies the separate effects of macro conditions at the time of entry to the labour market and at the time of the survey, while allowing for cohort effects. Also, for...
Persistent link: https://www.econbiz.de/10005408360
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Explaining the Deteriorating Entry Earnings of Canada’s Immigrant
Aydemir, Abdurrahman; Skuterud, Mikal - EconWPA - 2004
The study explores causes of the deterioration in entry earnings of Canadian immigrant cohorts by estimating an … pooled sample of Canadian-born and immigrant men employed full-year, full-time from the complete 20 percent samples of the … recent immigrant cohorts. We also find little or no evidence that declining returns to foreign education are responsible …
Persistent link: https://www.econbiz.de/10005408361
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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
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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
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The Misallocation of Resources of Anticipated Inflation
Frenkel, Michael; Mehrez, Gil - EconWPA - 1997
This paper analyzes the effects of anticipated inflation on the resource allocations between production and financial services. We develop a model with heterogeneous workers and two sectors economy. A manufacturing sector producing a final composite good and a financial sector providing monetary...
Persistent link: https://www.econbiz.de/10005126418
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Employment in Poland 2005
Bukowski, Maciej; Lewandowski, Piotr; Magda, Iga; … - EconWPA - 2005
This publication is a non-technical report prepared for Polish Ministry of Economy and Labor. The main goal is to present a comprehensive statistical and econometric analysis of employment, unemployment and participation in Poland in the period 1998-2004 and confront Polish experiences with...
Persistent link: https://www.econbiz.de/10005556757
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Capital scarcities as a reason for high unemployment in the European Union
Frijters, Paul - EconWPA - 1997
This paper argues that scarcities for non-transferable fixed-supply goods such as land, infrastucture and social capital, may affect European unemployment in two, mutually enforcing, ways. Firstly the existence of minimum non-transferable capital requirements per worker implies that in a growing...
Persistent link: https://www.econbiz.de/10005561085