Showing 1 - 10 of 18
This paper studies how increases in energy input costs for production are split between consumers and producers via changes in product prices (i.e., pass-through). We show that in markets characterized by imperfect competition, marginal cost pass-through, a demand elasticity, and a price-cost...
Persistent link: https://www.econbiz.de/10011476284
One potential channel through which the effects of the minimum wage could be directed is that firms who employ minimum wage workers could pass on any resulting higher labour costs in the form of higher prices. This study looks at the effects of the introduction and subsequent uprating of the...
Persistent link: https://www.econbiz.de/10003900009
In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. In this paper, we develop a twosector two-good closed economy new Keynesian model to study the optimal choice of price index in markets with...
Persistent link: https://www.econbiz.de/10008810538
Persistent link: https://www.econbiz.de/10001980024
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This paper examines rates of return to schooling in Kazakhstan using OLS and instrumental variable (IV) methodologies … underestimate the true rates of return. The results indicate that the returns to schooling in Kazakhstan have increased with … transition. This may reflect the relative scarcities of highly educated people in Kazakhstan with human capital that employers …
Persistent link: https://www.econbiz.de/10003500323
from Bulgaria, Russia, Kazakhstan and Serbia in 2003, we show that the return to education is heterogeneous across the …
Persistent link: https://www.econbiz.de/10009011538
In this paper we analyze economic and spatial determinants of interregional migration in Kazakhstan using quarterly … should facilitate regional income convergence in Kazakhstan and improve living standards in depressed regions …. -- interregional migration ; Kazakhstan ; gravity model …
Persistent link: https://www.econbiz.de/10009530312
This paper investigates the economic returns to language skills and bilingualism. The analysis is staged in Kazakhstan …
Persistent link: https://www.econbiz.de/10010434518