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Untimely destruction: pestilence, war and accumulation in the long run

Bell, Clive; Gersbach, Hans; Komarov, Evgenij - 2019

This paper analyses the effects of disease and war on the accumulation of human and physical capital. We employ an … altruism, make decisions about investments in schooling and reproducible capital. A poverty trap exists for a wide range of … is more concave than that for the children's human capital, the only possible steady-state growth path involves full …

Persistent link: https://www.econbiz.de/10012122104

Raising juveniles

Bell, Clive; Gersbach, Hans; Schneider, Maik T. - 2010

, and families may choose more schooling than the minimum required by law. -- Family decision-making ; youth ; human capital …

Persistent link: https://www.econbiz.de/10003985749

Uneven technical progress and unemployment

Gersbach, Hans; Schniewind, Achim - 2002

In a two-sector-economy with real wage rigidity, we examine how technical progress in one sector affects aggregate unemployment. We show that aggregate unemployment decreases for uneven technical change in the case of Cobb-Douglas production functions. For every type of technical progress there...

Persistent link: https://www.econbiz.de/10011411100

Beware of workaholics : household preferences and individual equilibrium utility

Gersbach, Hans (contributor); Haller, Hans (contributor) - 2005

This paper analyzes the effects of sociological changes in the form of a shift of influence within two-member households participating in labor and product markets. The most striking effects occur when household members differ in individual preferences and enjoy positive leisure-dependent...

Persistent link: https://www.econbiz.de/10002634134

Can democracy educate a society?

Gersbach, Hans (contributor); Siemers, Lars (contributor) - 2005

We examine whether democratic societies can escape poverty traps. Unrestricted agenda setting with simple majority rules fail to educate a society, because education-enhancing redistribution will not occur. We show that a combination of suitable constitutional rules overcomes this impossibility...

Persistent link: https://www.econbiz.de/10003039641

High compensation creates a ratchet effect

Gersbach, Hans (contributor); Glazer, Amihai (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002043054

Structural reforms and the macroeconomy : the role of general equilibrium effects

Gersbach, Hans (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001776078

Learning of general equilibrium effects and the unemployment trap

Gersbach, Hans; Schniewind, Achim - 2001

We examine wage bargaining when employers and labor unions do not always take all general equilibrium effects into account but learn a steady state. If agents do hardly consider general equilibrium effects, low real wages and low unemployment results. With an intermediate view, when partial...

Persistent link: https://www.econbiz.de/10011391642

Product market reforms and unemployment in Europe

Gersbach, Hans; Schniewind, Achim - 2001

In this paper we study how promoting product market competition by reducing mark-ups or by increasing productivity are able to complement labor market reforms. We use a simple general equilibrium model with different types of labor. The bottom-line of the paper is that product market reforms...

Persistent link: https://www.econbiz.de/10011391687

A product market theory of worker training

Gersbach, Hans; Schmutzler, Armin - 2004 - revised: February 2004

model where firms first decide whether to invest in general human capital, then make wage offers for each others' trained …

Persistent link: https://www.econbiz.de/10011402873