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This paper studies aggregate dynamics in a cobweb model where learning takes place through a selection mechanism, by which more successful firms are replicated at a higher rate. The structure of the model allows to characterize analytically the aggregate dynamics, and to compute the effect on...
Persistent link: https://www.econbiz.de/10013042991
distinguish between three adjustment mechanisms: through factor prices, through an expansion in the size of those production units … supply shocks do not induce factor price changes in the tradable sector. In this sector, most of the adjustment to changes in … exit the market are an important additional channel of adjustment. Finally, we demonstrate that an industry level analysis …
Persistent link: https://www.econbiz.de/10013112767
return data to reevaluate distributional consequences of the post-socialist transition in Poland. Our approach results in the … that over the last three decades Poland has become one of the most unequal European countries among those for which top …
Persistent link: https://www.econbiz.de/10012859739
market economy in Poland. These individual experiences are matched with outcomes observed in the survey about 20 years later …
Persistent link: https://www.econbiz.de/10012926702
On 1 January 1999, four major reforms took effect in Poland in the areas of health, education, pensions and local … inclusiveness in the process of development is likely to be an important factor behind the stability of Poland's administrative …
Persistent link: https://www.econbiz.de/10012870258
Recent studies show that firms are playing an increasingly important role in shaping wage inequality in advanced economies. We contribute to this literature by analysing wage inequality patterns and their firm dimension in Central and Eastern European countries. We use large, linked...
Persistent link: https://www.econbiz.de/10012870271
flatter in Russia and steeper and lower in Poland than in Britain. The characteristics of workers hired in the state and … private sectors do not look very different. State and private sector firms in Poland offer the same wages to new recruits, but … of a continued job match unsure, offset, in Poland at least, by insider resistance to layoffs …
Persistent link: https://www.econbiz.de/10013321340
turbulence; a large economy with rigid labor markets, Poland, and a small open economy with increased flexibility, Estonia. We …. Quantitative exercises suggest that the over-specialization of the labor force in Poland led to much higher and persistent …
Persistent link: https://www.econbiz.de/10013136774
The rate at which workers switch employers without experiencing a spell of unemployment is one of the most important labor market indicators. However, Employer-to-Employer (EE) transitions are hard to measure in widely used matched employer-employee datasets such as those available in the US. We...
Persistent link: https://www.econbiz.de/10014083905
This paper develops a model in which the interaction of entrepreneurial investments and power of the owners of land or other natural resources determines structural change and economic development. A more equal distribution of natural resources promotes structural change and growth through two...
Persistent link: https://www.econbiz.de/10013318254