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This study is a review of the recent trends in development economics research. The focus is on the development in the recent decades as a result of increased globalization of knowledge, technologies and economies. In particular I look at the development in a number area where similar trends are...
Persistent link: https://www.econbiz.de/10005703160
This paper uses an overlapping generations model with international labor mobility and a politically responsive fiscal policy to examine aging in developed and developing regions. Migrant workers change the political structure composed of young and elderly voters in both labor-receiving and...
Persistent link: https://www.econbiz.de/10004999925
This paper contributes to the already vast literature on demography-induced international capital flows by examining the role of labor market imperfections and institutions. We setup a two-country overlapping generations model with search unemployment, which we calibrate on EU15 and US data....
Persistent link: https://www.econbiz.de/10009371176
evidence on the link of productivity and both exports and foreign direct investment (fdi) in services firms from a highly … taking differences along the conditional productivity distribution and firms with extreme values, or outliers, into account …) indicate that the productivity pecking order found in numerous studies using data for firms from manufacturing industries …
Persistent link: https://www.econbiz.de/10009325424
productivity, wages and exports spillovers in developing, developed and transitional economies. Although theory can identify a …
Persistent link: https://www.econbiz.de/10005703573
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...
Persistent link: https://www.econbiz.de/10005703158
We use data on international chess tournaments to study the relationship between age and mental productivity in a brain … age on productivity vary with unobserved ability, commonly used fixed effects estimators applied to raw data do not … guarantee consistent estimates of age-productivity profiles. In our data, this method strongly over-estimates the productivity …
Persistent link: https://www.econbiz.de/10011079232
that over time, either firms learn about worker productivity but productivity remains fixed or workers' productivities … importance. We derive a dynamic model of learning and productivity that nests both models and allows them to coexist. We estimate … correlates of productivity, as opposed to the empirical evidence on employer learning which uses one fixed measure. Second, we …
Persistent link: https://www.econbiz.de/10008466013
Member countries of the European Monetary Union (EMU) initiated wide-ranging labor market reforms in the last decade. This process is ongoing as countries that are faced with serious labor market imbalances perceive reforms as the fastest way to restore competitiveness within a currency union....
Persistent link: https://www.econbiz.de/10010959728
Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10008632737