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Technological Advance, Social Fragmentation and Welfare

Bosworth, Steven; Snower, Dennis J. - 2021

This paper models the welfare consequences of social fragmentation arising from technological advance. We start from the premise that technological progress falls primarily on market-traded commodities rather than prosocial relationships, since the latter intrinsically require the expenditure of...

Persistent link: https://www.econbiz.de/10013250768

Culture, Institutions and the Wealth of Nations

Gorodnichenko, Yuriy - 2010

We construct an endogenous growth model that includes a cultural variable along the dimension of individualism …-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with …. Collectivism leads to efficiency gains relative to individualism, but these gains are static, unlike the dynamic effect of …

Persistent link: https://www.econbiz.de/10013137795

Immigrants' 'Ability' and Welfare as a Function of Cultural Diversity : Effect of Cultural Capital at Individual and Local Level

Tubadji, Annie - 2014

This paper presents an operationalization of a mixed Bourdieu–Mincer-type model that seeks to find evidence for individual and local cultural capital effects on human capital 'ability'. We aim to compare these effects for native workers and immigrants (as well as between immigrants themselves)...

Persistent link: https://www.econbiz.de/10013046650

Wage Structure Effects of International Trade : Evidence from a Small Open Economy

Du Caju, Philip - 2011

In the last decades, international trade has increased between industrialised countries and between high- and low-wage countries. This important change has raised questions on how international trade affects the labour market. In this spirit, this paper aims to investigate the impact of...

Persistent link: https://www.econbiz.de/10013127724

Are Intra-Household Allocations Policy Neutral? Theory and Empirical Evidence

Chiappori, Pierre-Andre - 2011

We develop a collective household model with spousal matching in which there exists marital gains to assortative matching and marriage quality for each couple is revealed ex post. Changes in alimony laws are shown to affect existing couples and couples-to-be differently. For existing couples,...

Persistent link: https://www.econbiz.de/10013127939

Heterogeneous Productivity in Voluntary Public Good Provision : An Experimental Analysis

Fellner-Röhling, Gerlinde - 2011

This article experimentally examines voluntary contributions when group members' marginal returns to the public good vary. The experiment implements two marginal return types, low and high, and uses the information that members have about the heterogeneity to identify the applied contribution...

Persistent link: https://www.econbiz.de/10013128231

Business Conditions and Default Risks Across Countries

Pflüger, Michael - 2011

The risk of default that business firms face is very significant and differs widely across countries. This paper explores the links between countries' business conditions and international trade embedment and the default risk at the country level from a theoretical point of view. Our main...

Persistent link: https://www.econbiz.de/10013128748

Wage Premia for Newly Hired Employees : Theory and Evidence

Kampkötter, Patrick - 2011

We investigate wage differences between newly hired and incumbent employees. We show in a formal model that when employees care for wages as well as match-specific utility, incumbents earn less than new recruits if and only if firm-specific human capital is not too important. The existence and...

Persistent link: https://www.econbiz.de/10013129084

Nowcasting Business Cycles Using Toll Data

Askitas, Nikos - 2011

Nowcasting has been a challenge in the recent economic crisis. We introduce the Toll Index, a new monthly indicator for business cycle forecasting and demonstrate its relevance using German data. The index measures the monthly transportation activity performed by heavy transport vehicles across...

Persistent link: https://www.econbiz.de/10013129098

Product Market Regulation, Firm Size, Unemployment and Informality in Developing Economies

Charlot, Olivier - 2011

This paper studies the impact of product and labor market regulations on informality and unemployment in a general framework where formal and informal firms are subject to the same externalities, differing only with respect to some parameter values. Both formal and informal firms have monopoly...

Persistent link: https://www.econbiz.de/10013129903

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