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In this paper, we investigate how changes in the skill mix of local labor supply are absorbed by the economy. We distinguish between three adjustment mechanisms: through factor prices, through an expansion in the size of those production units that use the more abundant skill group more...
Persistent link: https://www.econbiz.de/10009524993
We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs...
Persistent link: https://www.econbiz.de/10011410954
A structural model of entry and fiscal policy is presented. It shows that taxation of variable production costs can …
Persistent link: https://www.econbiz.de/10011411458
Despite the importance of business creation for the economy and a relevant share of new firms being started out of unemployment, most research has focused on analyzing the effect of unemployment insurance (UI) policies on reemployment outcomes that ignore self-employment. In this paper, we...
Persistent link: https://www.econbiz.de/10012241969
Anti-tax loss trafficking rules disallow the use of loss carryforwards after a change in ownership or activity (such as significant changes in turnover, employment, or the product portfolio). This restriction could threaten accumulated loss carryforwards of start-ups. Accounting for the...
Persistent link: https://www.econbiz.de/10012425319
's innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm … export and innovation activities to become substitutes although they are generally natural complements. -- Innovation …
Persistent link: https://www.econbiz.de/10003941706
-recognizes learning and innovation in agriculture and its crossover supplier segments with manufacturing. The sections analyze …. It then analyzes the learning implications of two theories - unlimited labor and induced innovation - on economic … models that connect learning and innovation to growth require closer attention and have important developmental consequences …
Persistent link: https://www.econbiz.de/10012057489
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10011401020
Defensive innovations in developed countries can explain the empirical phenomenon that openness towards trade with less-developed countries does not necessarily induce a substantial increase in the wage differential and trade volumes. Building on step-by-step innovations as introduced by Aghion...
Persistent link: https://www.econbiz.de/10011406885
We contribute to the growing literature which aims to link product market regulation and competition to labor market outcomes, in an attempt to explain the divergent US and continental European labor market performance over the past two decades. The main contributions of this paper are...
Persistent link: https://www.econbiz.de/10003418442