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Efficient Subsidization of Human Capital Accumulation with Overlapping Generations and Endogenous Growth

Richter, Wolfram F. - 2010

This paper studies second-best policies in an OLG model in which endogenous growth results from human capital accumulation. When young, individuals decide on education, saving, and nonqualified labour. When old, individuals supply qualified labour. Growth equilibria are inefficient in...

Persistent link: https://www.econbiz.de/10013149817

Education and Growth with Learning by Doing

Marconi, Gabriele - 2015

We develop a general equilibrium overlapping generations model which is based on the view that education makes workers more productive by increasing their ability to learn from work experience, rather than providing skills that directly increase productivity. One important implication of the...

Persistent link: https://www.econbiz.de/10013021942

Job Creation in a Multi-Sector Labor Market Model for Developing Economies

Basu, Arnab K. - 2016

exacerbates unemployment. Our richer setting allows for generational differences in the motivations for job search to be reflected … in two distinct inverted U‐shaped relationships between unemployment and high‐wage employment, one for youth and a … different one for adults. In turn, the relationship between overall unemployment and high‐wage employment is shown to be non …

Persistent link: https://www.econbiz.de/10012989832

Integration, Labor Market Regulation, Lobbying, and Technological Change

Palokangas, Tapio K. - 2009

This paper examines an economic union where oligopolistic firms produce by skilled and unskilled labor and do in-house Ramp;D by skilled labor. The planner of the union accepts new members to the union, regulates the labor market through a minimum wage for unskilled labor and supports firms by...

Persistent link: https://www.econbiz.de/10012764074

Optimal Redistributive Taxation and Provision of Public Input Goods in an Economy with Outsourcing and Unemployment

Aronsson, Thomas - 2010

unemployment also constitutes an incentive to implement a tax on outsourcing. Without a direct instrument for taxing outsourcing …

Persistent link: https://www.econbiz.de/10013152608

The Elasticity of Labor Demand and the Optimal Minimum Wage

Danziger, Leif - 2006

Contrary to widespread belief, we show that low-pay workers might not generally prefer that the minimum wage rate be increased to a level where the labor demand is unitary elastic. Rather, there exists a critical value of elasticity of labor demand such that increases in the minimum wage rate...

Persistent link: https://www.econbiz.de/10012779195

Equilibrium Health Spending and Population Aging in a Model of Endogenous Growth : Will the GDP Share of Health Spending Keep Rising?

Ehrlich, Isaac - 2014

The apparently unrelenting growth in the GDP-share of health spending (SHS) has been a perennial issue of policy concern. Does an equilibrium limit exist? The issue has been left open in recent dynamic models which take income growth and population aging as given. We view these variables as...

Persistent link: https://www.econbiz.de/10013058739

Job Losses and Child Outcomes

Bratberg, Espen; Nilsen, Øivind Anti; Vaage, Kjell - 2021

Based on matched employer-employee data from Norway, we analyze the effects of worker displacement in 1986-1987 on their children's earnings in 1999-2001. Using displacement of fathers to indicate an exogenous earnings shock we seek to identify whether family resources have a direct effect on...

Persistent link: https://www.econbiz.de/10013316938

Does the Employment Effect of National Minimum Wage Vary by Non-Employment Rate? A Regression Discontinuity Approach

Xu, Lei; Zhu, Yu - 2022

We examine the impact of increasing minimum wage on employment by exploiting variation in the age-dependent National Minimum Wage (NMW) in the UK. We extend the Regression Discontinuity model to evaluate the procyclicality of employment effect and show that previous estimates may be biased due...

Persistent link: https://www.econbiz.de/10014082640

Minimum Wages, Labor Market Institutions, and Female Employment and Unemployment : A Cross-Country Analysis

Addison, John T. - 2010

of time-varying policy and institutional regressors. Yet another is our examination of unemployment and participation … lower participation, even if the unemployment effects are muted. Although we report some similar findings to Neumark and …

Persistent link: https://www.econbiz.de/10013138490