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Debt, investment, and growth in developing countries with segmented labor markets

Buffie, Edward F.; Zanna, Luis-Felipe; Adam, Christopher S. - 2020

We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG …'s properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different … mixes of investment in human capital and infrastructure. We show that investment in human capital is much more effective …

Persistent link: https://www.econbiz.de/10012252029

Are low-skill women being left behind? : labor market evidence from the UK

Dabla-Norris, Era; Pizzinelli, Carlo; Rappaport, Jay - 2022

Labor markets in the UK have been characterized by markedly widening wage inequality for lowskill (non-college) women, a trend that predates the pandemic. We examine the contribution of job polarization to this trend by estimating age, period, and cohort effects for the likelihood of employment...

Persistent link: https://www.econbiz.de/10013170024

The path to higher growth : does revamping Japan’s dual labor market matter?

Aoyagi, Chie; Ganelli, Giovanni - 2013

This paper argues that Japan’s excessive labor market duality can reduce Total Factor Productivity (TFP) due to a negative impact on non-regular workers’ effort and on firms’ incentives to train them. On the basis of cross-country empirical evidence, the paper proposes some reform options....

Persistent link: https://www.econbiz.de/10012667488

Dismal employment growth in EU countries : the role of corporate balance sheet repair and dual labor markets

Bakker, Bas B.; Zeng, Li - 2013

countries but not in others. To close the large gaps between saving and investment, firms reduced investment and cut costs to …

Persistent link: https://www.econbiz.de/10012667513

Role of individual characteristics and policies in driving labor informality in Vietnam

Dabla-Norris, Era; Giovanni, Ganelli; Anh Thi Ngoc Nguyen; … - 2020

Using data from the Vietnam Labor Force Survey, this paper takes a granular look at the most salient drivers of labor informality in Vietnam by examining: (i) the nature of labor informality and transitions from formal to informal employment status and the role of worker characteristics; (ii)...

Persistent link: https://www.econbiz.de/10012485984

Job polarization and the declining fortunes of the young : evidence from the United Kingdom

Dabla-Norris, Era; Pizzinelli, Carlo; Rappaport, Jay - 2019

This paper uses a life-cycle framework to document new stylized facts about the nexus between job polarization and earnings inequality. Using quarterly labor force data for the UK over the period 2000-2018, we find clear life-cycle profiles in the probability of being employed within each...

Persistent link: https://www.econbiz.de/10012112127

Labor market duality in Korea

Schauer, Johanna - 2018

Labor market duality is a complex and critical issue for many countries that can lower productivity, contribute to inequality and result in negative externalities. In this paper, I study duality in the Korean labor market and analyze its sources and potential policy options. I find that...

Persistent link: https://www.econbiz.de/10011866397

Macroeconomic Adjustment with Segmented Labor Markets

Aizenman, Joshua - 1994

This paper analyzes the macroeconomic effects of fiscal and labor market policies in developing countries. The basic framework considers a small open economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency...

Persistent link: https://www.econbiz.de/10014396485

Technological Change, Relative Wages, and Unemployment

Aizenman, Joshua - 1994

This paper examines the effect of skill-biased technological change on the structure of wages, the composition of employment and the level of unemployment in a two-sector economy with a heterogenous work force. Efficiency wage considerations and minimum wage legislation lead to labor market...

Persistent link: https://www.econbiz.de/10014397189

Trade and Industrial Location with Heterogeneous Labor

International Monetary Fund - 2004

We show in the context of a new economic geography model that when labor is heterogenous trade liberalization may lead to industrial agglomeration and interregional trade. Labor heterogeneity gives local monopoly power to firms but also introduces variations in the quality of the job match....

Persistent link: https://www.econbiz.de/10014404143

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