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We investigate the effects of interregional labor market integration in a two-sector, overlapping-generations model with land-intensive production in the non-tradable goods sector (housing). To capture the response to migration on housing supply, capital formation is endogenous, assuming that...
Persistent link: https://www.econbiz.de/10009717256
This paper takes advantage of a natural experiment to examine the relationship between the price and saliency of health …
Persistent link: https://www.econbiz.de/10012314696
predictions of economic theory, our estimated housing shortage is uniformly low in areas with low regulation but varies in areas …
Persistent link: https://www.econbiz.de/10013329574
Empirical studies of the economic effects of climate change (CC) largely rely on climate anomalies for causal identification purposes. Slow and permanent changes in climate-driven geographical conditions, i.e. CC as defined by the IPCC (2013), have been studied relatively less, especially in...
Persistent link: https://www.econbiz.de/10014334953
This paper derives the conditions under which fitness-reducing alleles can survive in a long-run stationary equilibrium for a trading population, extending the results in Saint-Paul (2002) for arbitrary systems of sexual reproduction. -- trade ; genotypes ; natural selection ; gene-culture...
Persistent link: https://www.econbiz.de/10003297701
When agents have present bias, they discount more between now and the next period than between period t ( 1) and t + 1. How fast the future discount rate (evaluated today) decays is an empirical question. We show that the discount function can be non-parametrically identified with contracts that...
Persistent link: https://www.econbiz.de/10009310096
Large international differences in the price of labor can be sustained by differences between workers, or by natural … and policy barriers to worker mobility. We use migrant selection theory and evidence to place lower bounds on the ad ….S. immigrant workers and workers in their 42 home countries. The average price equivalent of migration barriers in this setting …
Persistent link: https://www.econbiz.de/10011454010
the minimum wage and to the micro patterns of price stickiness. For that purpose, we use a unique dataset of individual … price quotes collected to calculate the Consumer Price Index in France and we estimate a price rigidity model based on a … through to retail prices. -- Price stickiness ; minimum wage ; inflation ; restaurant prices …
Persistent link: https://www.econbiz.de/10003825142
the degree of price rigidity that is inherent to the price setting mechanism (intrinsic) and that which is due to the … price's driving variables (extrinsic). Using two data sets consisting of a large fraction of the price quotes used to … compute the Belgian and French CPI, we are able to assess the role of intrinsic and extrinsic price stickiness in explaining …
Persistent link: https://www.econbiz.de/10003595347
provenance of the artwork, omitted variables in most previous studies, seem to be more important determinants of the sale price …) there is strong evidence in our data for the declining price anomaly, or "afternoon effect". -- Art auctions ; masterpiece … effect ; declining price anomaly ; Latin American art …
Persistent link: https://www.econbiz.de/10003688791