Narrow search
Showing 1 - 10 of 166
Cover Image
Unemployment Invariance
Karanassou, Marika; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002
This paper provides a critique of the "unemployment invariance hypothesis," according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...
Persistent link: https://www.econbiz.de/10005822664
Cover Image
Can the University Save Europe?
Ritzen, Jo - Institute for the Study of Labor (IZA) - 2012
research would be helpful. Universities can contribute to recreating hope and optimism through more innovation in the economy. …
Persistent link: https://www.econbiz.de/10010556213
Cover Image
Culture, Entrepreneurship, and Growth
Doepke, Matthias; Zilibotti, Fabrizio - Institute for the Study of Labor (IZA) - 2013
We discuss the two-way link between culture and economic growth. We present a model of endogenous technical change where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that affect the steepness of the lifetime consumption profile....
Persistent link: https://www.econbiz.de/10010670827
Cover Image
Social Capital, Innovation and Growth: Evidence from Europe
Akçomak, I. Semih; ter Weel, Bas - Institute for the Study of Labor (IZA) - 2008
This paper investigates the interplay between social capital, innovation and per capita income growth in the European … Union. We model and identify innovation as an important mechanism that transforms social capital into higher income levels …. In an empirical investigation of 102 European regions in the period 1990-2002, we show that higher innovation performance …
Persistent link: https://www.econbiz.de/10005703394
Cover Image
Immigration and Innovation in European Regions
Ozgen, Ceren; Nijkamp, Peter; Poot, Jacques - Institute for the Study of Labor (IZA) - 2011
data on 170 regions in Europe (NUTS 2 level) for the periods 1991-1995 and 2001-2005. Innovation outcomes are measured by … diffusion of innovation activity, and the spatial selectivity of immigrants' location choices, we take account of spatial …'s restaurants as a novel instrument for immigration. The results confirm that innovation is clearly a function of regional …
Persistent link: https://www.econbiz.de/10009003950
Cover Image
Distribution and Growth in an Economy with Limited Needs
Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2001
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10005762377
Cover Image
Defending Gibrat’s Law as a Long-Run Regularity
Lotti, Francesca; Santarelli, Enrico; Vivarelli, Marco - Institute for the Study of Labor (IZA) - 2007
According to Gibrat’s Law of Proportionate Effect, the growth rate of a given firm is independent of its size at the beginning of the period examined. While earlier studies tended to confirm the Law, more recent research generally rejects it. This paper reconciles these two streams of...
Persistent link: https://www.econbiz.de/10005763509
Cover Image
Constrained Firms, Not Subsistence Activities: Evidence on Capital Returns and Accumulation in Peruvian Microenterprises
Göbel, Kristin; Grimm, Michael; Lay, Jann - Institute for the Study of Labor (IZA) - 2012
We investigate the returns to capital and capital accumulation using panel data of Peruvian micro enterprises (MEs). Marginal returns to capital are found to be very high at low levels of capital, but rapidly decreasing at higher levels. The dynamic analyses of capital accumulation in MEs...
Persistent link: https://www.econbiz.de/10010627842
Cover Image
Robots at Work
Graetz, Georg; Michaels, Guy - Institute for the Study of Labor (IZA) - 2015
Despite ubiquitous discussions of robots' potential impact, there is almost no systematic empirical evidence on their economic effects. In this paper we analyze for the first time the economic impact of industrial robots, using new data on a panel of industries in 17 countries from 1993-2007. We...
Persistent link: https://www.econbiz.de/10011214029
Cover Image
The Big Trade-Off in the World of Labor
Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2015
The world is changing rapidly. This paper describes key shifts and it discusses their likely impacts on employment-related aspects. Labor market pressures are felt around the globe, and robots and automation increasingly become reality. However, there will be no "end of work". Rather, it is that...
Persistent link: https://www.econbiz.de/10011269610