Showing 1 - 10 of 2,916
This paper proposes a theory of the mark-up that is embedded in a circuit model of the capitalist mode of production …. The model and the theory are built on Keynes's principle of effective demand, Graziani's monetary theory of production and … Pivetti's monetary theory of distribution. The price-setting mechanism is conceived as driven by a Kaleckian rule. The rate of …
Persistent link: https://www.econbiz.de/10015183302
Persistent link: https://www.econbiz.de/10001818973
Persistent link: https://www.econbiz.de/10001784251
When policymakers and private agents use models, the economists who design the model have an incentive to alter it in order to influence outcomes in a fashion consistent with their own preferences. I discuss some consequences of the existence of such ideological bias. In particular, I analyze...
Persistent link: https://www.econbiz.de/10009683154
Economic pluralism proposes that economists and social planners should consider alternative theories to establish a range of policy actions. Neoclassical, Feminist and Marxian theories evaluate well-grounded causes of wage discrimination. Racist attitudes, uncertainties regarding minority...
Persistent link: https://www.econbiz.de/10011795527
Persistent link: https://www.econbiz.de/10001953314
administrative data in Sweden. Compared to using standard socio-demographic variables, the predictive power more than doubles when …
Persistent link: https://www.econbiz.de/10013547704
This paper provides a structural analysis of the role of job vacancy referrals (VRs) by public employment agencies in the job search behavior of unemployed individuals, incorporating institutional features of the monitoring of search behavior by the agencies. Notably, rejections of VRs may lead...
Persistent link: https://www.econbiz.de/10014391203
When a treatment unambiguously defines the treatment and control groups at a given time point, its effects are usually found by comparing the two groups' mean responses. But there are many cases where the treatment timing is chosen, for which the conventional approach fails. This paper sets up...
Persistent link: https://www.econbiz.de/10009717700
The identification of average causal effects of a treatment in observational studies is typically based either on the unconfoundedness assumption or on the availability of an instrument. When available, instruments may also be used to test for the unconfoundedness assumption (exogeneity of the...
Persistent link: https://www.econbiz.de/10009558957