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A Sequential Malmquist-Luenberger Productivity Index
Oh, Donghyun; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2009
This study proposes an alternative methodology for measuring environmentally sensitive productivity growth. The rationale of this methodology is to consider the features of technology appropriately by excluding a spurious technical regress based on the macroeconomic perspective. In order to...
Persistent link: https://www.econbiz.de/10004999166
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Linearity in Instrumental Variables Estimation: Problems and Solutions
Mogstad, Magne; Wiswall, Matthew - Institute for the Study of Labor (IZA) - 2010
restriction in IV estimation, and discusses possible remedies. We first examine the biases due to nonlinearity in the commonly …
Persistent link: https://www.econbiz.de/10008678700
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Stability and Dynamics in an Overlapping Generations Economy with Flexible Wage Negotiations
Koskela, Erkki; Puhakka, Mikko - Institute for the Study of Labor (IZA) - 2007
state equilibrium is a saddle. …
Persistent link: https://www.econbiz.de/10005822108
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Dynamics of Intrahousehold Bargaining
Andaluz, Joaquín; Marcén, Miriam; Molina, José Alberto - Institute for the Study of Labor (IZA) - 2008
This paper studies the dynamics of bargaining in an intrahousehold context. To explore long-term partner relationships, we analyse bilateral bargaining by considering that spouses take decisions sequentially. We conclude that a greater valuation of the present, rather than the future, for the...
Persistent link: https://www.econbiz.de/10005822573
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Market Distortions and Local Indeterminacy: A General Approach
Lloyd-Braga, Teresa; Modesto, Leonor; Seegmuller, Thomas - Institute for the Study of Labor (IZA) - 2011
elasticities of the crucial functions defining the aggregate equilibrium dynamics of the model. This allows us to study how market …
Persistent link: https://www.econbiz.de/10008922965
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Diverging Patterns of Education Premium and School Attendance in France and the US: A Walrasian View
de la Croix, David; Docquier, Frédéric - Institute for the Study of Labor (IZA) - 2003
the rise in education investment in France and the USA. We use a computable general equilibrium model with overlapping …
Persistent link: https://www.econbiz.de/10005822629
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Uneven Technical Progress and Unemployment
Gersbach, Hans; Schniewind, Achim - Institute for the Study of Labor (IZA) - 2002
In a two-sector-economy with real wage rigidity, we examine how technical progress in one sector affects aggregate unemployment. We show that aggregate unemployment decreases for uneven technical change in the case of Cobb-Douglas production functions. For every type of technical progress there...
Persistent link: https://www.econbiz.de/10005822836
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Distributional Consequences of Labor Demand Adjustments to a Downturn: A Model-Based Approach with Application to Germany 2008-09
Bargain, Olivier; Immervoll, Herwig; Peichl, Andreas; … - Institute for the Study of Labor (IZA) - 2010
Macro-level changes can have substantial effects on the distribution of resources at the household level. While it is possible to speculate about which groups are likely to be hardest-hit, detailed distributional studies are still largely backward-looking. This paper suggests a straightforward...
Persistent link: https://www.econbiz.de/10008682246
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Awareness of General Equilibrium Effects and Unemployment
Gersbach, Hans; Schniewind, Achim - Institute for the Study of Labor (IZA) - 2001
of all general equilibrium feedback effects. We show analytically that if agents only consider labor demand effects, low … real wages and low unemployment result. With an intermediate view, i.e. when partial equilibrium effects within a sector … are taken into account, high real wages and unemployment result. If all general equilibrium effects are considered at once …
Persistent link: https://www.econbiz.de/10005762308
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The Baby Boom and World War II: A Macroeconomic Analysis
Doepke, Matthias; Hazan, Moshe; Maoz, Yishay David - Institute for the Study of Labor (IZA) - 2007
II. We develop a quantitative dynamic general equilibrium model with endogenous fertility and female labor …. In our calibrated model, this general-equilibrium effect generates a substantial baby boom followed by a baby bust, as …
Persistent link: https://www.econbiz.de/10005763648