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increase in their prices and in German wages. This mechanism is magnified by the low price elasticity of the demand for German …We develop a model which shows that wages, prices and real income should grow faster in countries with low increase in … the case of Germany, which has displayed a significantly lower increase in its labour force than its trade partners …
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ethnic Germans from Eastern Europe to West Germany after World War II as a natural experiment to study this question. A … support for these predictions. -- immigration ; sectoral change ; output growth ; post-war Germany …
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Using panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over nearly two decades, for samples split by education, and age - to our knowledge for the first time. The highly educated went from lowest to highest LS, though their average...
Persistent link: https://www.econbiz.de/10011770417
In Europe differences among countries in the overall change in happiness since the early 1980s have been due chiefly to the generosity of welfare state programs - increasing happiness going with increasing generosity and declining happiness with declining generosity. This is the principal...
Persistent link: https://www.econbiz.de/10013502264
or in the knowledge sector, which designs new varieties. It is shown that if the elasticity of labor supply to the … knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … increases, the price elasticity of demand falls, and markups increase to infinity as consumption reaches the unit elasticity …
Persistent link: https://www.econbiz.de/10011401020
This paper examines the extent to which changes in working-age shares associated with population aging might slow economic growth in upcoming years. We first analyze the economic effects of changing working-age shares in a standard empirical growth model using country panel data from...
Persistent link: https://www.econbiz.de/10014326800
We document dramatic rising wages in China for the period 1978-2007 based on multiple sources of aggregate statistics …. Although real wages increased seven-fold during the period, growth was uneven across ownership types, industries and regions …. Since the late 1990s, the wages of state-owned enterprises have increased rapidly and wage disparities between skill …
Persistent link: https://www.econbiz.de/10003976837