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Annuity Market Imperfection, Retirement and Economic Growth

Heijdra, Ben J. - 2009

We study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and on the macroeconomic growth rate in an overlapping generations model with endogenous growth. We model imperfect annuities by introducing a load factor on the interest rate...

Persistent link: https://www.econbiz.de/10013157843

Ageing and Productivity Growth : Are There Macro-Level Cohort Effects of Human Capital?

Werding, Martin - 2021

Slower growth of the labour force and an increase in old-age dependency will reduce the growth of aggregate output and output per capita in many developed countries. However, a major question is whether there is any systematic link between demographics and the productivity of those who will...

Persistent link: https://www.econbiz.de/10013316605

Longevity Shocks with Age-Dependent Productivity Growth

Heijdra, Ben J. - 2015

The aim of this paper is to study the long-run effects of a longevity increase on individual decisions about education and retirement, taking macroeconomic repercussions through endogenous factor prices and the pension system into account. We build a model of a closed economy inhabited by...

Persistent link: https://www.econbiz.de/10013021702

Effects of U.S. Inflation on Hong Kong and Singapore

Cheung, Yin-Wong; Yuen, Jude - 2021

this paper, we examine how inflation rates in two small open economies, namely Hong Kong and Singapore, interact with those … model is used to study the inflation dynamics. It is found that Hong Kong and Singapore inflation rates, but not the U ….S. one, respond to the error correction term. Compared with Singapore, the Hong Kong inflation rate is more responsive to U …

Persistent link: https://www.econbiz.de/10013320545

Cointegration of Matched Home Purchases and Rental Price Indexes -- Evidence from Singapore

Baltagi, Badi H. - 2015

This paper exploits the homogeneity feature of the Singapore private residential condominium market and constructs …

Persistent link: https://www.econbiz.de/10013011805

Growing Productivity Without Growing Wages : The Micro-Level Anatomy of the Aggregate Labor Share Decline

Kehrig, Matthias - 2017

The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...

Persistent link: https://www.econbiz.de/10012955279

Heterogeneous Technology Diffusion and Ricardian Trade Patterns

Kerr, William R. - 2019

Migration and trade are often linked through ethnic networks boosting bilateral trade. This study uses migration to quantify the importance of Ricardian technology differences for international trade. The framework provides the first panel estimates connecting country-industry productivity and...

Persistent link: https://www.econbiz.de/10012902445

Paying for what kind of Performance? Performance Pay and Multitasking in Mission-Oriented Jobs

Jones, Daniel B. - 2018

How does pay-for-performance (P4P) impact productivity, multitasking, and the composition of workers in mission-oriented jobs? These are central issues in sectors like education or healthcare. We conduct a laboratory experiment, manipulating compensation and mission, to answer these questions....

Persistent link: https://www.econbiz.de/10012911039

Firm Level Productivity Under Imperfect Competition in Output and Labor Markets

Amoroso, Sara - 2010

This article examines the role of the interaction between product market and labor market imperfections in determining total factor productivity growth (TFPG). Embedding Dobbelaere and Mairesse's (2009) generalization of Hall's (1990) approach, allowing for the possibility that wages are...

Persistent link: https://www.econbiz.de/10013142232

Team or Individual : What Determines Workers' Preferred Bonus Schemes?

Torsvik, Gaute - 2011

This paper uses data from a firm with team production to investigate the association between workers' productivity, risk aversion and preferred bonus scheme (team or individual). Standard economics make a strong prediction in this case. Workers persistently producing above the team average...

Persistent link: https://www.econbiz.de/10013117787