Showing 1 - 10 of 38
This paper looks at how individual preferences for the allocation of government spending change along the life cycle …. Our findings are consistent with a body of literature arguing that conflict across generations over the allocation of …
Persistent link: https://www.econbiz.de/10011450600
from limited spaces but also from inefficient allocation. By means of simulations under different scenarios, we contrast a … stylized version of decentralized allocation to a centralized allocation mechanism which applies a deferred …
Persistent link: https://www.econbiz.de/10010510511
Aggregate wages display little cyclicality compared to what a standard model would predict. Wage rigidities are an obvious candidate but a recent strand of the literature has emphasized the need to take into account the growing importance of worker composition effects during downturns. With...
Persistent link: https://www.econbiz.de/10011796392
Using a new survey, we show that the dispersion of marginal products across firms in the European Union is about twice as large as that in the United States. Reducing it to the US level would increase EU GDP by more than 30 percent. Alternatively, removing barriers between industries and...
Persistent link: https://www.econbiz.de/10011815929
Persistent link: https://www.econbiz.de/10001944050
Persistent link: https://www.econbiz.de/10001808387
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
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
This paper sets out a new budget allocation formula for schools, designed to achieve a more equitable distribution of … educational achievement. In addition to needs-based elements, the suggested composite allocation formula includes an improvement … in the Educational Achievement Distribution, or IEAD). The development of the budget allocation formula is demonstrated …
Persistent link: https://www.econbiz.de/10003942333
; sectoral allocation …
Persistent link: https://www.econbiz.de/10003959174