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Keynes' principle of effective demand constitutes a pillar for Post Keynesians theories. But Keynes' presentation remains difficult to interpret, mainly because the aggregate demand function is based on entrepreneurs' expectations. The problem is then to demonstrate how these entrepreneurs...
Persistent link: https://www.econbiz.de/10010750536
The capital market in Böhm-Bawerk's Positive Theory of Capital appears at several places. The last chapter of the book provides the complete exposition of Böhm's view of this market where present goods are exchanged for future goods. Studying this exposition leads to understand that many...
Persistent link: https://www.econbiz.de/10008793665
In the transition toward a cognitive capitalism, the transformations of the social organisation of production are strictly connected to those of income distribution. This evolution is deeply characterised by the re-emerging of the rent under different forms. The aim of this article is to provide...
Persistent link: https://www.econbiz.de/10010750802
This chapter examines the relations between training, skills, credentials and the wage in France, Spain and the United …
Persistent link: https://www.econbiz.de/10008791917
This paper evaluates the role of economic geography in explaining regional wages in China. It investigates the extent to which market proximity can explain the evolution of wages, and through which channels. We construct a complete indicator of market access at the provincial level from data on...
Persistent link: https://www.econbiz.de/10010635248
taking into account two channels: the evolution of the wage game described in Burdett and Mortensen (1998), and the evolution …. Using US data, we show that these two channels allow to reproduce quite well the aggregated wage distribution as well as the … evolution of it over the workers life-cycle. The channel of the evolution of the wage game accounts for the lower density of low …
Persistent link: https://www.econbiz.de/10010899291
shared between firms and workers. This is done through analysing the sign of various OJT variables and different wage …
Persistent link: https://www.econbiz.de/10010933883
decline in the unemployment rate can be attributed to the increase in the labor force, while the number of job seekers remains …, which lowers the markup by 3 percentage points, results in a fall in the unemployment rate by 0.1 and 0.05 percentage point …
Persistent link: https://www.econbiz.de/10009004178
This article aims to establish a link between the unemployment duration and the inter vivos transfers received by the … on the receiver's unemployment duration. Ultimately, a recursion arises and leads to a simulteanous determination of the … transfer and the duration. The model aims to apprehend the job search behaviour in a context where the unemployment …
Persistent link: https://www.econbiz.de/10009322916
-term economic outlook, namely the Industrial Production Index and the Unemployment Rate. …
Persistent link: https://www.econbiz.de/10010738487