Showing 1 - 10 of 508
An analytical framework is developed to study the repercussions between endogenous capital- and labor-saving technical … this framework aging increases the relative scarcity of labor with respect to capital. Therefore, there will be more labor …
Persistent link: https://www.econbiz.de/10003923496
Persistent link: https://www.econbiz.de/10003496536
The paper studies wage and employment determination in the Swedish business sector from the mid-1910s to the late 1930s … percent. We examine whether relatively standard wage and employment equations can account for the volatile economic … downward impact on wages. There is evidence that reductions in working time added to wage pressure; yet estimates of labor …
Persistent link: https://www.econbiz.de/10009533963
enhance efficiency and farmers' welfare. We develop a structural model of agricultural value chains and estimate it using rich … data from Costa Rica's coffee sector to evaluate common regulations. Farmers supply differentiated mills that strategically …-competitive regulations on farmers' welfare. Tightening revenuesharing rules to increase farm-gate prices, increases farmers' welfare on …
Persistent link: https://www.econbiz.de/10015339889
Persistent link: https://www.econbiz.de/10003623990
This chapter presents some insights from basic behavioural research on the role of human pro-social motivation to maintain social order. I argue that social order can be conceptualized as a public good game. Past attempts to explain social order typically relied on the assumption of selfish and...
Persistent link: https://www.econbiz.de/10010337527
Historical events are reflected in asset prices. In this paper, we analyse government bond prices of Germany and Austria traded on the Swiss bourse during WWII. Some war events that are generally considered crucial are clearly reflected in government bond prices. This holds, in particular, for...
Persistent link: https://www.econbiz.de/10009781716
Rethinking the foundations of Heckscher-Ohlin theory when countries have different technologies, this paper shows how to make the proper adjustments for international productivity differences. The central tool is a factor conversion matrix that computes the local factor content of foreign...
Persistent link: https://www.econbiz.de/10003983245
both within and between countries. We emphasize the distinction between managerial and production labor. Production labor … is assumed to be a variable input composed of tradable tasks, while managerial labor is a fixed, non-tradable input. We …
Persistent link: https://www.econbiz.de/10009156628
Lumpiness of production factors within a country might overturn the predictions for the structure of trade by the factor-abundance (HO) model. Trade patterns, as predicted by this model, can both be magnified or reversed by uneven concentration of production factors within a country. Cities are...
Persistent link: https://www.econbiz.de/10009387234