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Measuring immigration's effects on labor demand: a reexamination of the Mariel Boatlift

Bodvarsson, Örn B. (contributor); … - 2007

the effects of an immigration shock on labor demand by testing a general equilibrium model in which imperfectly … substitutable native and immigrant workers spend their wages on a locally produced good. The shock induces three responses: (i) a … can fall, stay the same or rise, depending upon the strength of the shock and various product and factor market …

Persistent link: https://www.econbiz.de/10003591488

Optimal sovereign default

Adam, Klaus; Grill, Michael - 2012

Persistent link: https://www.econbiz.de/10009664050

Formality, informality, and social welfare

Bennett, John (contributor) - 2008

An industry is modeled in which entrepreneurs, who are heterogeneous in ability, may produce formally or informally. It is shown how the formal-informal mix depends on the distribution of ability, product demand and various parameter values. The industry equilibrium is compared to one in which...

Persistent link: https://www.econbiz.de/10003724143

Investment shocks and business cycles

Justiniano, Alejandro; Primiceri, Giorgio E.; … - 2008

Persistent link: https://www.econbiz.de/10003676338

Information percolation in large markets

Duffie, Darrell; Manso, Gustavo - In: The American economic review 97 (2007) 2, pp. 203-209

Persistent link: https://www.econbiz.de/10003501732

Endogenous public information and welfare

Vives, Xavier - 2011

This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...