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We consider the welfare effects of skilled worker emigration in a context where skilled labor plays a role in product design. We show such emigration can benefit the residents left behind, even when consumers' tastes exhibit a form of home bias. This is because emigration improves the design of...
Persistent link: https://www.econbiz.de/10003737645
This paper examines the effects of upgrading product quality standards on product and professional labor-market equilibriums when both markets are regulated. The Japanese government revised the Building Standards Act in June 2007, requiring a stricter review process for admitting the plans of...
Persistent link: https://www.econbiz.de/10009755328
Destination countries can adopt selective immigration policies to improve migrants' quality. Screening potential migrants on the basis of observable characteristics also influences their self-selection on unobservables. We propose a model that analyzes the effects of selective immigration...
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of individuals to information. Goods advertising is competing with political information for people's attention. This …, though not in all cases. -- Globalisation ; agenda-setting ; information-rich societies ; scarcity of attention ; advertising …
Persistent link: https://www.econbiz.de/10003719635
contributions to the latter's decisions. Both a shift from national to international regulation and a decrease in trade costs …
Persistent link: https://www.econbiz.de/10011347148
We model entry by entrepreneurs into new markets in developing economies with regulatory barriers in the form of licence fees and bureaucratic delay. Because laissez faire leads to 'excessive' entry, a licence fee can increase welfare by discouraging entry. However, in the presence of a licence...
Persistent link: https://www.econbiz.de/10003328066
This paper analyzes the effect of labor and product market regulation in a dynamic stochastic equilibrium with search …-and-firing (intensive) margin. We characterize analytically how both margins depend on regulation before we calibrate the model to the US … through firm selection. Finally, the opposite effect of product and labor market regulation on job turnover rationalizes the …
Persistent link: https://www.econbiz.de/10003278939