Showing 1 - 10 of 34
Recent empirical work on the effects of minimum wages has called into question the conventional wisdom that minimum wages invariably reduce employment. We develop a model of \emph{monopsonistic competition} with \emph{free entry} to analyze the effects of minimum wages, and our predictions fit...
Persistent link: https://www.econbiz.de/10005556798
A number of theories (search and efficiency wages) have been developed, in part, to explain why identically able workers are often paid different wages. However, when there is a minimum wage, they do not explain the resulting ``spike" in the wage distribution. Our model's predictions are...
Persistent link: https://www.econbiz.de/10005556812
deficit or cyclically adjusted budget deficits is misleading in the case of China, since a lot of what usually would be …-cyclical in China over the past two decades. …
Persistent link: https://www.econbiz.de/10005076727
This paper calculates a unit labor-cost based real effective exchange rate for China for the period 1987-2002. It …
Persistent link: https://www.econbiz.de/10005124915
This article discusses the probability of growth of neoliberalism in modern China and its implications for Chinese … constitutionalism. A China polity under the vision of a neo-liberal regime engenders problems of prescribing a legal system and … historicity of Western liberalism and China's ontological base in tradition, being Confucianism. The historic excesses and abuses …
Persistent link: https://www.econbiz.de/10005124920
In this paper we apply a simple macro model to explore and evaluate certain optimal monetary policy rules for China …'s economy. To be more consistent with the central bank (the People's Bank of China)'s behaviour, we use money supply as a …
Persistent link: https://www.econbiz.de/10005126241
direct investments in Mainland China provide robust support to the hypothesis. A project that was located 1000 kilometers …
Persistent link: https://www.econbiz.de/10005134453
This paper investigates how estimates of the extent and trend of income poverty in China between 1990 and 2001 vary as … within a reasonable range, a remarkable reduction in consumption poverty occurred in China during the 1990s. However …, estimates of the extent of Chinese poverty in any year are greatly influenced by the assumptions made. China’s record of …
Persistent link: https://www.econbiz.de/10005135025
mainly to fast increase of inputs. Young (2000) also estimated the TFP growth rate of China to be 1.4% per year during the … the non-agricultural economy (of China) during the reform period is respectable, but not outstanding.' China's real GDP …
Persistent link: https://www.econbiz.de/10005062403
Just when China’s leaders receive conflicting signals of “overheating” and “below-potential growth”, they encounter … challenges have their roots in China’s inadequate marketization and continued discrimination against the domestic private sector … themselves into nonperforming loans. In partially-reformed China, public-directed investments via the state enterprises tend to …
Persistent link: https://www.econbiz.de/10005062405