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Welfare Analysis in a Schumpeterian Growth Model with Capital

Hagedorn, Marcus; Kaul, Ashok; Reinthaler, Volker - Institute for the Study of Labor (IZA) - 2001

In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...

Persistent link: https://www.econbiz.de/10005703487

An Empirical Analysis of the Dynamics of the Welfare State: The Case of Benefit Morale

Halla, Martin; Lackner, Mario; Schneider, Friedrich - Institute for the Study of Labor (IZA) - 2009

Does the supply of a welfare state create its own demand? Many economic scholars studying welfare arrangements refer to Say's law and insinuate a self-destructive welfare state. However, little is known about the empirical validity of these assumptions and hypotheses. We study the dynamic effect...

Persistent link: https://www.econbiz.de/10004999931

Does Public Education Expansion Lead to Trickle-Down Growth?

Böhm, Sebastian; Grossmann, Volker; Steger, Thomas M. - Institute for the Study of Labor (IZA) - 2014

The paper revisits the debate on trickle-down growth in view of the widely discussed evolution of the earnings and income distribution that followed a massive expansion of higher education. We propose a dynamic general equilibrium model to dynamically evaluate whether economic growth triggered...

Persistent link: https://www.econbiz.de/10010959671

Quantifying Optimal Growth Policy

Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - Institute for the Study of Labor (IZA) - 2010

The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and takes into account transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...

Persistent link: https://www.econbiz.de/10008550514

Labor and the Market Value of the Firm

Merz, Monika; Yashiv, Eran - Institute for the Study of Labor (IZA) - 2003

What role does labor play in firms’ market value? We explore this question using a production-based asset pricing model with frictions in the adjustment of both capital and labor. We posit that hiring of labor is akin to investment in capital and that the two interact, with the interaction...

Persistent link: https://www.econbiz.de/10005233766

Allocation of Human Capital and Innovation at the Frontier: Firm-Level Evidence on Germany and the Netherlands

Bartelsman, Eric; Dobbelaere, Sabien; Peters, Bettina - Institute for the Study of Labor (IZA) - 2013

This paper examines how productivity effects of human capital and innovation vary at different points of the …-technology manufacturing, average innovation performance is higher in all industries in Germany and the innovation performance distributions … investing in product innovation in the majority of industries. Frontier firms enjoy the highest returns to product innovation …

Persistent link: https://www.econbiz.de/10010959824

An Innovation Index Based on Knowledge Capital Investment: Definition and Results for the UK Market Sector

Clayton, Tony; Dal Borgo, Mariela; Haskel, Jonathan - Institute for the Study of Labor (IZA) - 2009

We (a) propose an implementable innovation index, (b) relate it to existing innovation definitions and (c) show whole …-economy and industry-specific results for the UK market sector, 2000-2005. Our innovation measure starts by observing that we … could get more GDP without innovation by simply duplicating existing physical capital and labour (e.g. adding a second …

Persistent link: https://www.econbiz.de/10005761737

National Happiness and Genetic Distance: A Cautious Exploration

Proto, Eugenio; Oswald, Andrew J. - Institute for the Study of Labor (IZA) - 2014

This paper examines a famous puzzle in social science. Why do some nations report such high happiness? Denmark, for instance, regularly tops the league table of rich nations' well-being; Great Britain and the US enter further down; France and Italy do relatively poorly. Yet the explanation for...

Persistent link: https://www.econbiz.de/10010884101

Leaving Poverty Behind? The Effects of Generous Income Support Paired with Activation

Markussen, Simen; Røed, Knut - Institute for the Study of Labor (IZA) - 2014

We evaluate a comprehensive activation program in Norway targeted at hard-to-employ social assistance claimants with reduced work capacity. The program offers a combination of tailored rehabilitation, training and job practice, and a generous, stable, and non-means-tested benefit. Its main aims...

Persistent link: https://www.econbiz.de/10010884111

Transfer Behaviour in Migrant Sending Communities

Chakraborty, Tanika; Mirkasimov, Bakhrom; Steiner, Susan - Institute for the Study of Labor (IZA) - 2013

We study how international migration changes the private transfers made between households in the migrant sending communities of developing countries. A priori, it is indeterminate whether migration and remittances strengthen or weaken the degree of private transfers in these communities. From a...

Persistent link: https://www.econbiz.de/10010959668

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