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Identifying vulnerable groups in the Kyrgyz labour market: some implications for the national poverty reduction strategy
Bernabe, Sabine; Kolev, Alexandre - London School of Economics (LSE) - 2003
This paper investigates the overlap between employment status and poverty, drawing particular attention to the working … in Kyrgyzstan, who cumulated a high risk of being unemployed, of remaining longer in unemployment, of being discouraged …
Persistent link: https://www.econbiz.de/10011125996
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Balanced growth with structural change
Ngai, L. Rachel; Pissarides, Christopher - London School of Economics (LSE) - 2004
We study a multi-sector model of growth with differences in TFP growth rates across sectors and derive sufficient conditions for the coexistence of structural change, characterized by sectoral labor reallocation, and constant aggregate growth path. The conditions are weak restrictions on the...
Persistent link: https://www.econbiz.de/10010928655
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Trends in hours and economic growth
Ngai, L. Rachel; Pissarides, Christopher - London School of Economics (LSE) - 2006
We study long-run trends in aggregate market hours of work and shifts across economic sectors within the context of balanced aggregate growth. We show that a model of many goods and uneven TFP growth in market and home production can rationalize the observed falling or U-shaped aggregate hours...
Persistent link: https://www.econbiz.de/10010928747
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Strengthening economic linkages between Leeds and Manchester: feasibility and implications (structural model appendix)
Mion, Giordano - London School of Economics (LSE) - 2009
This technical Appendix describes the structural model used as part of the Spatial Eco- nomic Research Centre's work for the Northern Way on linkages between the Manchester and Leeds City Regions. A summary of the research, as well as a full report of the findings, can be found on the web-sites...
Persistent link: https://www.econbiz.de/10010745058
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The Wong-Viner envelope theorem for subdifferentiable functions
Horsley, Anthony; Wrobel, Andrew J. - London School of Economics (LSE) - 2005
The Wong-Viner Envelope Theorem on the equality of long-run and short-run marginal costs (LRMC and SRMC) is reformulated for convex but generally nondifferentiable cost functions. The marginal cost can be formalized as the multi-valued subdifferential a.k.a. the subgradient set but, in itself,...
Persistent link: https://www.econbiz.de/10010745163
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A model to analyse financial fragility: applications
Goodhart, Charles; Sunirand, Pojanart; Tsomocos, … - London School of Economics (LSE) - 2004
The purpose of our work is to explore contagious financial crises. To this end, we use simplified, thus numerically solvable, versions of our general model [Goodhart, Sunirand and Tsomocos (2003)]. The model incorporates heterogeneous agents, banks and endogenous default, thus allowing various...
Persistent link: https://www.econbiz.de/10010745587
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Equilibrium asset pricing with systemic risk
Danielsson, Jon; Zigrand, Jean-Pierre - London School of Economics (LSE) - 2006
We provide an equilibrium multi-asset pricing model with micro-founded systemic risk and heterogeneous investors. Systemic risk arises due to excessive leverage and risk taking induced by free-riding externalities. Global risk-sensitive financial regulations are introduced with a view of...
Persistent link: https://www.econbiz.de/10010746199
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Aggregate implications of defined benefit and defined contribution systems
Gomes, Francisco; Michaelides, Alexander - London School of Economics (LSE) - 2003
We use a general equilibrium life-cycle model with incomplete markets and heterogeneous agents to evaluate the macroeconomic and welfare implications of Defined Benefit (DB) versus Defined Contribution (DC) systems, and to investigate the effects of incremental reform within a particular system....
Persistent link: https://www.econbiz.de/10010746402
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Equilibrium asset pricing with systemic risk
Danielsson, Jon; Zigrand, Jean-Pierre - London School of Economics (LSE) - 2008
We provide an equilibrium multi-asset pricing model with micro- founded systemic risk and heterogeneous investors. Systemic risk arises due to excessive leverage and risk taking induced by free-riding externalities. Global risk-sensitive financial regulations are introduced with a view of...
Persistent link: https://www.econbiz.de/10011126632
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Trade, wages and productivity
Behrens, Kristian; Mion, Giordano; Murata, Yasusada; … - London School of Economics (LSE) - 2009
elasticity and multiple asymmetric regions, in which trade integration induces wage and productivity changes. Using Canada …-US interregional trade data, we structurally estimate a theory-based gravity equation system featuring endogenous wages and … Canada-US border on regional market aggregates such as wages, productivity, markups, the mass of varieties produced and …
Persistent link: https://www.econbiz.de/10011071191