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limited network connections. The model implies that essentially similar workers can have markedly different wages and further … that the inequality of wages is partly explained by variations in the sizes of workers' networks. Our results indicate that … wages. We also show that reasonable differences in the average number of links between blacks and whites can explain the …
Persistent link: https://www.econbiz.de/10005393945
.S. manufacturing sector. Ordinary least squares estimates of the effect of rents per worker on wages are positive and significant, but … industry financial situation on wages. We do this using the U.S. input-output tables to isolate exogenous variation in an …
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Heterogeneity between unemployed and employed individuals matters for optimal fiscal policy. This paper considers the consequences of welfare heterogeneity between these two groups for the determination of optimal capital and labor income taxes in a model with matching frictions in the labor...
Persistent link: https://www.econbiz.de/10005368396
manufacturing affiliates of U.S. multinationals in Argentina, Brazil, and Mexico. The results of these tests show that the …
Persistent link: https://www.econbiz.de/10005368143
This paper surveys the development and operation of the parallel exchange market in Argentina during the 1980s, and … evaluates its impact upon macroeconomic performance and policy. The historical evolution of Argentina's exchange market policies … effective enough in Argentina to allow the authorities to set the commercial exchange rate independently of the parallel market …
Persistent link: https://www.econbiz.de/10005368266