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We propose a model to identify the causes of rising profits and concentration, and declining entry and investment in the US economy. Our approach combines a rich structural DSGE model with cross-sectional identification from firm and industry data. Using asset prices, our model estimates the...
Persistent link: https://www.econbiz.de/10012479562
Job security provisions are commonly invoked to explain the high and persistent European unemployment rates. This belief has led several countries to reform their labor markets and liberalize the use of fixed-term contracts. Despite how common such contracts have become after deregulation, there...
Persistent link: https://www.econbiz.de/10012467160
The value of installed computers falls rapidly and therefore computers have a very high user cost. The paper provides a … complete account of the non-financial user cost of personal computers -- decomposing it into replacement cost change … value of used computers comes from declines in replacement cost, this paper shows the second most important source of …
Persistent link: https://www.econbiz.de/10012467858
This paper analyzes the relationship between brain drain, human capital accumulation and individual net incomes in the presence of a redistributional tax policy, credit market constraints, administrative costs of tax collection, and lack of government commitment. We characterize how decreasing...
Persistent link: https://www.econbiz.de/10012468073
This paper surveys the measurement of trade costs --- what we know, and what we don't know but may usefully attempt to find out. Partial and incomplete data on direct measures of costs go together with inference on implicit costs from trade flows and prices. Total trade costs in rich countries...
Persistent link: https://www.econbiz.de/10012468213
a modest reduction in cost per student, but only for undergraduate instruction. Recent policy efforts to promote …
Persistent link: https://www.econbiz.de/10012480965
This paper estimates a household saving rate equation for India and Korea using long-term time series data for the 1975-2010 period, focusing in particular on the impact of the pre-marital sex ratio on the household saving rate. To summarize the main findings of the paper, it finds that the...
Persistent link: https://www.econbiz.de/10012456265
An important cost of investing in private equity is the illiquidity of these investments. In response to this …
Persistent link: https://www.econbiz.de/10012456275
observed migration cost is between 0.8-1.2 times the mean wage. 84% of the migration cost is a fixed cost, 3.5% depends on the …
Persistent link: https://www.econbiz.de/10012456517
estimates of trade costs, while both the welfare cost of autarky and the volume of trade correlate weakly with trade costs. Thus …
Persistent link: https://www.econbiz.de/10012456528