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For a given set of labor market institutions, the rate of frictional unemployment depends on the evolution of the pool … of job-seekers. Unemployment rises with the growth rate of labor supply that is proportionate to the rate of population … growth. This suggests a trade-off between growth and unemployment: a faster growing economy has a higher unemployment rate …
Persistent link: https://www.econbiz.de/10008563149
Using recently-available data from the New Immigrant Survey, we find that previous self-employment experience in an … immigrant's country of origin is an important determinant of self-employment status in the U.S., increasing the probability of … being self-employed by about 7 percent relative to an unconditional self-employment probability of about 10 percent. This …
Persistent link: https://www.econbiz.de/10011278619
redistribute income, despite its negative impact on unemployment. In the absence of commitment, firms anticipate the government … a reduction in the labor demand that generates unemployment. …
Persistent link: https://www.econbiz.de/10011278810
framework tries to capture the relationship between obesity and employment/unemployment by assuming that the fraction of obese …This paper attempts to investigate the relation among wages, unemployment, obesity and to identify public policies to … workers is a function of the ratio of vacant jobs to unemployment (labour market tightness). We argue that if obesity is …
Persistent link: https://www.econbiz.de/10010835880
In a standard search and matching framework, the labor market presents frictions while in the competitive product market the demand is infinitely elastic.To have a more realistic framework, some models abandon the assumption of infinite elasticity and consider a two-tier productive scheme in the...
Persistent link: https://www.econbiz.de/10008562945
) members of EU during the period 2000 to 2007 has contributed significantly to the decline in unemployment in these countries. …
Persistent link: https://www.econbiz.de/10010701068
In this paper we reexamine the relationship between patents and R&D using empirical likelihood estimation. Based on the data of Hall, Griliches, and Hausman (1986) and the specification allowing for endogenous regressors, we found that the contemporaneous effect of R&D is significantly positive,...
Persistent link: https://www.econbiz.de/10011278522
This paper examines the transitional dynamics of an R&D-based endogenous growth model with heterogeneous labor and explains the post-war comovement of three variables in the U.S. economy: the skill premium, the share of labor devoted to R&D and the growth rate of labor productivity. This paper...
Persistent link: https://www.econbiz.de/10011278751
This article models the intertemporal behaviour of a firm that sets product prices and simultaneously invests in R&D. The model shows that the dynamic pricing rule follows the evolution of the production cost and is independent of the evolution of the product quality. Thus, process innovation,...
Persistent link: https://www.econbiz.de/10009225653
This paper studies the differences in the R&D and innovation behaviour of high-growth firms for 16 EU countries. The results confirm that R&D and innovation are important characteristics for high-growth firms in countries close to the technological frontier, but not for high-growth firms in...
Persistent link: https://www.econbiz.de/10008552411