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Learning capitalism the hard way : evidence from German reunification

Triebs, Thomas P.; Tumlinson, Justin - 2016

We develop a model of firm learning in volatile markets with noisy signals and test its predictions using historical … improvements from learning are faster where market signals are noisier. …

Persistent link: https://www.econbiz.de/10011580632

Learning about one's self

Le Yaouanq, Yves; Schwardmann, Peter - 2019

participants' ability to learn from their own behavior. Participants decide how much to work on a real effort task on two … predetermined dates. In the week preceding each work date, they state their commitment preferences and predictions of future effort … establish that they are Bayesian in how they learn from their experience at the first work date. A treatment in which we vary …

Persistent link: https://www.econbiz.de/10011958789

The dynamics of domestic violence : learning about the match

Anderberg, Dan; Mantovan, Noemi; Sauer, Robert M. - 2018

We present a dynamic lifecycle model of women's choices with respect to partnership status, labour supply and fertility when a male partner's true tendency for abusive behaviour is unobserved. The model is estimated by the method of simulated moments using longitudinal data from the Avon...

Persistent link: https://www.econbiz.de/10011822638

The economics of attention

Loewenstein, George F.; Wojtowicz, Zachary - 2023

Attention is a pivotal resource in the modern economy and plays an increasingly prominent role in economic analysis. We summarize research on attention from both psychology and economics, placing a particular emphasis on its capacity to explain numerous documented violations of classical...

Persistent link: https://www.econbiz.de/10014383940

Population aging and the direction of technical change

Irmen, Andreas - 2009

An analytical framework is developed to study the repercussions between endogenous capital- and labor-saving technical change and population aging. Following an intuition often attributed to Hicks (1932), I ask whether and how population aging affects the relative scarcity of factors of...

Persistent link: https://www.econbiz.de/10003923496

How to measure the tax burden on labour at the macro-level?

Sturm, Jan-Egbert; Volkerink, Bjørn - 2003

The purpose of this paper is threefold. First, we survey the way in which the tax burden on labour has been proxied for in recent multi-country macro-economic studies. Second, we critically evaluate these proxies. Finally, we examine to what extent the conclusions of some studies change if some...

Persistent link: https://www.econbiz.de/10011507980

The "Taxing Wages" approach to measuring the tax burden on labour

Heady, Christopher - 2003

This paper outlines the methodology used by the OECD in its Taxing Wages publication, compares this approach to other measures of the effective tax rate on labour and uses recent results to illustrate its use. It argues that the strength of this methodology lies in its ability to make...

Persistent link: https://www.econbiz.de/10011507992

Unemployment effects of the German minimum wage in an equilibrium job search model

Blömer, Maximilian J.; Gürtzgen, Nicole; Pohlan, Laura; … - 2018

We structurally estimate an equilibrium search model using German administrative data and use this for counterfactual analyses of a uniform minimum wage. The model with worker and firm heterogeneity does not restrict the sign of employment effects a priori and allows for different job offer...

Persistent link: https://www.econbiz.de/10011879040

That elusive elasticity : a long-panel approach to estimating the capital-labor substitution elasticity : presented at CESifo Area Conference on Public Sector Economics, May 2004

Chirinko, Robert S.; Fazzari, Steven M.; Meyer, Andrew P. - 2004

The elasticity of substitution between capital and labor features prominently in several areas of economic research. However, a consensus estimate remains elusive. We develop an estimation strategy that filters panel data in an original way and avoids several pitfalls - difficult-to-specify...

Persistent link: https://www.econbiz.de/10011450090

Learning and the value of relationships in international trade

Monarch, Ryan; Schmidt-Eisenlohr, Tim - 2016

-term relationships were more resilient in the 2008/9 financial crisis. Based on these findings, we present a model of importer learning …

Persistent link: https://www.econbiz.de/10011417707