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A Matching Model of Endogenous Growth and Underground Firms

Lisi, Gaetano; Pugno, Maurizio - Volkswirtschaftliche Fakultät, … - 2015

Economic growth and unemployment exhibit an ambiguous relationship – according to empirical studies. This ambiguity can be investigated by observing the role of the underground economy in shaping the productivity of firms. Indeed, unemployment may be absorbed by underground firms, which adopt...

Persistent link: https://www.econbiz.de/10011212957

A selection analysis on education returns in China

Kang, Lili; Peng, Fei - Volkswirtschaftliche Fakultät, … - 2011

This paper estimates the economic returns to education in China from 1989 to 2009, using the China Health and Nutrition Survey (CHNS) dataset. We find that education returns for one additional year generally increase from 2.6% in 1989 to 7.9% in 2009. Education returns, however, may reflect...

Persistent link: https://www.econbiz.de/10011258797

The unemployment volatility puzzle: the role of the underground economy

Lisi, Gaetano - Volkswirtschaftliche Fakultät, … - 2010

Relying on the non-negligible role played by the underground economy in the labour market fluctuations, this paper extends the standard matching model à la Mortensen-Pissarides by introducing an underground sector along with an endogenous sector choice for both entrepreneurs and workers. These...

Persistent link: https://www.econbiz.de/10008506117

Entrepreneurship and the Hidden Economy: An Extended Matching Model

Pugno, Maurizio; Lisi, Gaetano - Volkswirtschaftliche Fakultät, … - 2010

This paper develops a labour market matching model in order to address the problem of the persistence of the hidden sector and of its regional concentration, as in Italy and in the enlarged Europe. The main novel features of the model are that entrepreneurial ability affects job productivity,...

Persistent link: https://www.econbiz.de/10008646819

The Underground Economy in a Matching Model of Endogenous Growth

Lisi, Gaetano; Pugno, Maurizio - Volkswirtschaftliche Fakultät, … - 2011

between underground employment and unemployment, and (iii) between growth and unemployment. Key assumptions are that … contribute to growth. Underground employment alleviates unemployment only if the monitoring rate is sufficiently low. …

Persistent link: https://www.econbiz.de/10009132744

Training, education and productivity

Carmichael, Fiona; Ercolani, Marco; Kang, Lili; … - Volkswirtschaftliche Fakultät, … - 2009

This paper investigates the impact of training and education on productivity, in particular linking to a literature that emphasizes the need to reorganise production following adoption of ICT. The paper examines training at the total economy level and variation across industries, focusing...

Persistent link: https://www.econbiz.de/10011108038

New measures of workforce skills in the EU

Kang, Lili; O'Mahony, Mary; Peng, Fei - Volkswirtschaftliche Fakultät, … - 2012

This paper presents new data series designed to yield a more complete picture of the growth in average skill levels embedded in the EU workforce, comparing with competitor countries such as the US and China. Harmonised data from EU surveys are employed to extend coverage in existing databases to...

Persistent link: https://www.econbiz.de/10011108113

Market Mechanism and Skill Premiums in the UK 1972-2002

Peng, Fei; Kang, Lili - Volkswirtschaftliche Fakultät, … - 2013

This paper examines the effect of shifts in the relative supply and demand of skills on the skill premiums and wage …

Persistent link: https://www.econbiz.de/10011110002

Economic Reform and Productivity Convergence in China

Kang, Lili; Peng, Fei - Volkswirtschaftliche Fakultät, … - 2013

This paper examines effects of the formation of physical and human capital on the growth of labour productivity, Total Factor Productivity (TFP) and wages in China, incorporating the market reform factors such as ownership shifts, population policy, openness and fiscal expenditures on education....

Persistent link: https://www.econbiz.de/10011113236

Cyclical changes in the wage structure of the United Kingdom: a historical review of the GHS 1972-2002

Peng, Fei; Kang, Lili - Volkswirtschaftliche Fakultät, … - 2013

This paper aims to investigate the cyclical changes in the wage structure of the United Kingdom over the period 1972 …-2002 using the General Household Survey (GHS). Wage structure of the UK shows a cyclical pattern, which may be from the different … wage cyclicality of the top, middle and bottom percentile groups. Higher educated male workers have experienced a faster …

Persistent link: https://www.econbiz.de/10011113960