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employment is presented. We provide some theoretical arguments which cast doubt on the standard thesis that unemployment … that a persistent lack of demand is responsible for the major part of the German unemployment problem. … und Lohn-bedingten Arbeitslosigkeit in Frage stellen. Es deutet vielmehr einiges darauf hin, dass die hohe …
Persistent link: https://www.econbiz.de/10005518253
We focus on four previous systemic financial crises that the United States has experienced since 1870. These include the crisis of 1873 (called the Great Depression until the 1930s), the 1893 crisis, the panic of 1907, and the Great Depression. Given that all of the earlier crises predate the...
Persistent link: https://www.econbiz.de/10011110861
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
be called Embodied Human Capital Unemployment. This is a phenomenon not seen before in social history, simply because … around for a while as we all live our lives. I illustrate the relevance of this new concept of unemployment to the U … system that then existed in the world, and (c) the transition from a uni-polar world, with the U.S.A. as the single center of …
Persistent link: https://www.econbiz.de/10008596380
Do people "vote with their feet" due to a lack of political competition? We formalize the theory of political competition and migration to show that increasing political competition lowers political rent leading to net in-migration. Our empirical application using US data supports this...
Persistent link: https://www.econbiz.de/10011260838
Existing studies on the impact of migration on income inequality at sending communities suffer from severe methodology defects and data limitations. This paper analyzes the impact of rural-to-urban migration on inequality using a newly constructed panel dataset for around 100 villages over a...
Persistent link: https://www.econbiz.de/10005019440
During the last decade, the internal migration flows from Southern Italy to the central and northern regions of the country have become more significant. Unlike the past, these flows are characterised by a strong incidence of qualified workers with secondary or tertiary education. Also, even in...
Persistent link: https://www.econbiz.de/10009359922
The standard growth theory predicts that allowing for labor mobility across regions would increase the speed of convergence in per capita income levels and that migration has a negative causal impact on regional growth rates. Although the empirical literature has uncovered some evidence for the...
Persistent link: https://www.econbiz.de/10005619903
The standard growth model predicts that allowing for labor mobility across regions would increase the speed of convergence in per capita income levels and that migration has a negative causal impact on regional growth rates. Although the empirical literature has uncovered some evidence for the...
Persistent link: https://www.econbiz.de/10005621477
The interest of interregional migration flows in economics covers two important aspects. The first aspect concerns the role played by the main macroeconomic variables in determining the intensity and the directions of the migration flows. The second aspect focuses on migration as an important...
Persistent link: https://www.econbiz.de/10005621724