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Aggregate Savings and External Imbalances in China
Yang, Dennis Tao - 2012
distortions. I document major trends in aggregate savings, investment, trade, and net foreign asset positions in China, and …. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded …
Persistent link: https://www.econbiz.de/10013098458
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Rebalancing Growth in Asia
Prasad, Eswar S. - 2009
region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving-investment … growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India … and Vietnam. To examine the global implications of domestic growth patterns in Asia, I analyze saving-investment balances …
Persistent link: https://www.econbiz.de/10013158044
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The Impact of Education on the Subjective Discount Rate in Ugandan Villages
Bauer, Michal - 2009
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/10012764244
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Equilibrium Policy Simulations with Random Utility Models of Labour Supply
Colombino, Ugo - 2010
Many microeconometric models of discrete labour supply include alternative-specific constants meant to account for (possibly besides other factors) the density or accessibility of particular types of jobs (e.g. part-time jobs vs. full-time jobs). The most common use of these models is the...
Persistent link: https://www.econbiz.de/10013136718
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Hedonic Wage Equilibrium : Theory, Evidence and Policy
Kniesner, Thomas J. - 2010
We examine theoretically and empirically the properties of the equilibrium wage function and its implications for policy. Our emphasis is on how the researcher approaches economic and policy questions when there is labor market heterogeneity leading to a set of wages. We focus on the application...
Persistent link: https://www.econbiz.de/10013139953
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It's About Time : Implications of the Period Length in an Equilibrium Job Search Model
Wolthoff, Ronald P. - 2011
This paper analyzes the role of the period length in a search model of the labor market and argues that it has profound implications for the market equilibrium. In the model, job offers and job destruction shocks arrive according to a Poisson process in continuous time, but institutional factors...
Persistent link: https://www.econbiz.de/10013119736
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The Impact of Worker Effort on Public Sentiment Towards Temporary Migrants
Epstein, Gil S. - 2011
Temporary and circular migration programs have been devised by many destination countries and supported by the European Commission as a policy to reduce welfare and social costs of immigration in destination countries. In this paper we present an additional reason for proposing temporary...
Persistent link: https://www.econbiz.de/10013126134
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The Cyclicality of the Separation and Job Finding Rates in France
Hairault, Jean-Olivier - 2012
In this paper, we aim to shed light on the relative contribution of the separation and job finding rates to French unemployment at business cycle frequencies by using administrative data on registered unemployment and labor force surveys. We first investigate the fluctuations in steady state...
Persistent link: https://www.econbiz.de/10013099116
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A Theoretical Model of the Chinese Labor Market
Fields, Gary - 2013
This paper constructs a theoretical labor market model for China, and utilizes the model to examine the effects of various labor market policies on economic well-being. Two key features of the model are a segmented labor market involving three sectors – state-owned enterprises, private...
Persistent link: https://www.econbiz.de/10013084668
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Experimental Labor Markets and Policy Considerations : Incomplete Contracts and Macroeconomic Aspects
Casoria, Fortuna - 2013
This survey focuses on experimental labor markets investigating two aspects that deem us important for a better understanding of labor market relations and the consequences for labor market policies. The first part of the survey is dedicated to papers that assess the prevalence of reciprocal...
Persistent link: https://www.econbiz.de/10013088665