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sector and an informal sector which absorbs unemployed workers at a flexible wage rate. In this set up greater education for …
Persistent link: https://www.econbiz.de/10012657984
sector and an informal sector which absorbs unemployed workers at a flexible wage rate. In this set up greater education for …
Persistent link: https://www.econbiz.de/10013213779
Does time-varying business volatility affect the price setting of firms and thus the transmission of monetary policy into the real economy? To address this question, we estimate from the firm-level micro data of the German IFO Business Climate Survey the impact of idiosyncratic volatility on the...
Persistent link: https://www.econbiz.de/10009767295
We analyse the extent to which firm-level uncertainty is affected by aggregate uncertainty. Firm-level uncertainty is constructed from a large and monthly panel dataset of manufacturing firms. We find that aggregate uncertainty has a positive and robust impact on firm-level uncertainty. This...
Persistent link: https://www.econbiz.de/10013239562
We study whether technology gains in sectors related to Information and Communications Technology (ICT) increase productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative price of ICT goods and services in a structural VAR...
Persistent link: https://www.econbiz.de/10012425696
We study whether technology gains in sectors related to Information and Communications Technology (ICT) increase productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative price of ICT goods and services in a structural VAR...
Persistent link: https://www.econbiz.de/10013314751
skilled wage and unskilled wage. Such a mechanism exists and is independent of whether the tax is progressive or proportional …
Persistent link: https://www.econbiz.de/10011657195
that helps low-skilled labor is conducive for controlling inequality and raising wage. Skilled talent-led innovation could … have spillover benefits for the unskilled sector while immigration into the production sector will always reduce wage …, aggravating wage inequality. In essence, we infer: (i) if R&D inputs contributes only to skilled sector, wage inequality increases …
Persistent link: https://www.econbiz.de/10011872139
, relative wage for the top and bottom would increase. …
Persistent link: https://www.econbiz.de/10013177603
market does not affect number of varieties or output per variety, but it affects wage and interest rate, thus affecting … income distribution. With a minimum wage and unemployment availability of credit affects number of varieties. With imperfect …
Persistent link: https://www.econbiz.de/10013353416