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Central Banking and Crisis Management from the Perspective of Austrian Business Cycle Theory

Schnabl, Gunther - 2016

The paper analyses the evolvement and effects of central bank crisis management since the mid 1980s based on a Hayek-Mises-Wicksell over-investment framework. It is shown that, given that the traditional transmission mechanism between monetary policy and consumer price inflation has collapsed,...

Persistent link: https://www.econbiz.de/10012977401

Is Human Capital Losing from Outsourcing? Evidence for Austria and Poland

Lorentowicz, Andzelika - 2006

Mexico leads to an increase in the skill premium in both the US and Mexico. In this paper we show on the example of Austria … and Poland that with the new international division of labour emerging in Europe Austria, the high income country, is … skill part. As a result, skilled workers in Austria are losing from outsourcing, while gaining in Poland. In Austria …

Persistent link: https://www.econbiz.de/10012783602

Clash of Career and Family : Fertility Decisions after Job Displacement

Bono, Emilia Del - 2014

In this paper we investigate how fertility decisions respond to unexpected career interruptions which occur as a consequence of job displacement. Using an event study approach we compare the birth rates of displaced women with those of women unaffected by job loss after establishing the...

Persistent link: https://www.econbiz.de/10012751676

Immigration, Fertility, and Human Capital : A Model of Economic Decline of the West

Azarnert, Leonid V. - 2011

I show how the influences of unskilled immigration, differential fertility between immigrants and the local indigenous population, and incentives for investment in human capital combine to predict the decline of the West. In particular, indigenous low-skilled workers lose from unskilled...

Persistent link: https://www.econbiz.de/10013133620

Integration, Mobility, and Human Capital Formation

Haupt, Alexander - 2010

In this note, we show that labour market integration can be a double-edged sword. In the presence of local human capital externalities, integration and the ensuing agglomeration of skilled labour can cause a decline in human capital and the total wage sum (net of education costs). In particular,...

Persistent link: https://www.econbiz.de/10013137447

Integrated Public Education, Fertility and Human Capital

Azarnert, Leonid V. - 2011

This article analyzes the consequences of integration in public education. I show that the flight from the integrated multicultural public schools to private education increases private educational expenditures and, as a result, decreases fertility among more affluent parents whose children...

Persistent link: https://www.econbiz.de/10013121202

Guest-Worker Migration, Human Capital and Fertility

Azarnert, Leonid V. - 2011

This work focuses on a temporary guest-worker-type migration of individuals from the middle class of the wealth distribution. The article demonstrates that the possibility of a low-skilled guest-worker employment in a higher wage foreign country lowers the relative attractiveness of the skilled...

Persistent link: https://www.econbiz.de/10013125698

Job Search, Human Capital and Wage Inequality

Carrillo-Tudela, Carlos - 2012

The objective of this paper is to construct and quantitatively assess an equilibrium search model with on-the-job search and general human capital accumulation. In the model workers enter the labor market with different abilities and firms differ in their productivities. Wages are dispersed...

Persistent link: https://www.econbiz.de/10013098341

The Business Environment in the Transition

Carlin, Wendy - 2012

Following the collapse of planning, new small and medium-sized firms rapidly emerged in all transition economies. Using firm level data, we investigate the interaction between the widespread opportunities for new business activities such firms faced and their business environment. The business...

Persistent link: https://www.econbiz.de/10013100506

Quick Job Entry or Long-Term Human Capital Devlopment? The Dynamic Effects of Alternative Training Schemes

Osikominu, Aderonke - 2012

This paper investigates how precisely short-term, job-search oriented training programs as opposed to long-term, human capital intensive training programs work. We evaluate and compare their effects on time until job entry, stability of employment, and earnings. Further, we examine the...

Persistent link: https://www.econbiz.de/10013105144

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