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Based on a model with imperfectly competitive labor and product markets the real consequences of labor market shocks for economies with either an earnings-related or flatrate unemployment compensation system are considered. A distinctive feature of the analysis is the comparison of both...
Persistent link: https://www.econbiz.de/10001624309
We analyze the interaction between risk sharing and capital accumulation in a stochastic OLG model with production. We give a complete characterization of interim Pareto optimality. Our characterization also subsumes equilibria with a PAYG social security system. In a competitive equilibrium...
Persistent link: https://www.econbiz.de/10001537212
Persistent link: https://www.econbiz.de/10013268944
Fracking innovations revolutionized the United States oil and gas industry and facilitated a boom in energy production in states with oil and gas resources. This paper examines effects of oil and gas booms within a state on individual employment and earnings. To account for endogenous migration...
Persistent link: https://www.econbiz.de/10012098928
to employment, wages, prices and household well-being. The meta-analysis finds that most results on employment and wages … are non-significant. When significant, decreases in employment and wages are more likely to occur than increases with …
Persistent link: https://www.econbiz.de/10012236860
, we estimate the causal effects of a firm’s bilateral trade on employment and wages of immigrants from that country. We … find a positive, yet heterogeneous, effect of trade on immigrant employment but no effect on immigrant wages. …
Persistent link: https://www.econbiz.de/10012271915
. More precisely, we estimate the role of ethnic identity in employment, wages, under-employment (i.e., they would prefer to … work more hours but are not given the opportunity), three measures of job satisfaction, overeducation and wages. We further … that ethnic identity strongly is associated with employment and wages as well a number of job satisfaction measures. We …
Persistent link: https://www.econbiz.de/10012417869
jobs that offered higher wages than those without AI capital. Furthermore, it was found that large firms exhibited a …
Persistent link: https://www.econbiz.de/10014495000
back to the home economy but without improving low-skilled wages and without creating jobs for low-skilled workers. Since … it leads also to increasing wages for high-skilled workers, automation-induced reshoring is associated with an increasing … wages and employment for high-skilled labor but not for low-skilled labor and that tariffs increase the degree of reshoring. …
Persistent link: https://www.econbiz.de/10012144271
knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zoneʺ where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
Persistent link: https://www.econbiz.de/10001595502