Showing 1 - 10 of 57
efficient allocation of resources. Besides these effects on allocative efficiency, migrant flows affect relative wages and also … ; income distribution ; human capital ; skill allocation ; migration ; ethnicity ; minority ; Gini-coefficient …
Persistent link: https://www.econbiz.de/10003726798
I illustrate that the welfare improvement property of the Melitz model is due to the shape of the aggregate labor demand curve, which slopes upwards. By slightly changing some assumptions in the model, this curve may have a negative slope. In this case, increases in aggregate productivity result...
Persistent link: https://www.econbiz.de/10003771871
Udry (1996) uses household survey data and finds that the allocation of resources within households is Pareto … years, households try to avoid losses from Pareto inefficiency. -- intrahousehold allocation ; collective household models …
Persistent link: https://www.econbiz.de/10003287812
This paper analyzes the joint effect of EPL and financial market imperfections on investment, capital-labour substitution, labour productivity and job reallocation in a cross-country framework. In the spirit of Rajan and Zingales (1998) and Ciccone and Papaioannou (2006), we exploit variation in...
Persistent link: https://www.econbiz.de/10003832294
We develop a theory of firm scope in which integrating two firms into one facilitates the allocation of resources, but …. This effect exists even though with perfect information, centralized resource allocation would improve the managers …
Persistent link: https://www.econbiz.de/10003464116
aggregate performance. -- Firm heterogeneity ; productivity ; allocation of resources ; distortions …
Persistent link: https://www.econbiz.de/10003920110
China has achieved impressive growth over the last three decades. However, there has been debate over the sources of the growth, and the role of the intensive versus extensive margin. Growth accounting exercises at the aggregate level (Rawski and Perkins, 2008; Bosworth and Collins, 2008) suggest an...
Persistent link: https://www.econbiz.de/10003940472
The paper provides a historical overview of the pre-modern allocation of work within the territory of the later Germany … from the 18th until the middle of the 19th century. We explore how the social allocation of work during the feudal system …-industrial ; allocation of work ; wage labor ; standard employment contract …
Persistent link: https://www.econbiz.de/10003968435
; sectoral allocation …
Persistent link: https://www.econbiz.de/10003959174
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. In this paper, we provide a comprehensive empirical evaluation of the patterns of risk sharing among different groups of countries and examine how international...
Persistent link: https://www.econbiz.de/10003586563