Showing 1 - 10 of 529
The paper analyzes the effect of human-capital investments of heterogeneous individuals on the dynamics of the wage structure within a neoclassical growth model. The accumulation of physical capital changes relative factor prices and thus incentives to acquire skills, thereby altering the...
Persistent link: https://www.econbiz.de/10011415366
We analyze the stability and dynamics of an overlapping generations model with imperfectly competitive labour markets. By focusing on the right-to-manage wage bargaining we assume that wage is negotiated after the capital stock decision. With Cobb-Douglas utility and production functions the...
Persistent link: https://www.econbiz.de/10003656886
In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
Persistent link: https://www.econbiz.de/10011401108
Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to...
Persistent link: https://www.econbiz.de/10003824853
There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...
Persistent link: https://www.econbiz.de/10003900319
Persistent link: https://www.econbiz.de/10001876718
Investment in improved agricultural inputs is infrequent for smallholder farmers in Africa. One barrier may be limited … access to formal savings. This is the first study to use a randomized controlled trial to evaluate the impact of using mobile … money as a tool to promote agricultural investment. For this purpose, we designed and conducted a field experiment with a …
Persistent link: https://www.econbiz.de/10012140124
growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India … region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving-investment …. -- Growth contributions ; national savings and investment ; current account balance ; welfare consequences of growth …
Persistent link: https://www.econbiz.de/10003879333
human and nonhuman capital investment ; power law of learning …
Persistent link: https://www.econbiz.de/10003688797
bride-to-groom marriage payments, i.e., dowries, influence saving behavior in rural India. Exploiting variation in firstborn … household savings, which are primarily financed through increased paternal labor supply. This is the first paper that highlights … this alternative motive for savings in dowry-paying societies. However, we find no impacts of dowry expectations on son …
Persistent link: https://www.econbiz.de/10011845475