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Unemployment and Productivity Growth : An Empirical Analysis within the Augmented Solow Model
Pannenberg, Markus; Bräuninger, Michael - 2021
Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the … traditional Solow model, unemployment has neither an influence on long-run productivity growth nor on the long-run level of …
Persistent link: https://www.econbiz.de/10013321303
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How Do Industries and Firms Respond to Changes in Local Labor Supply?
Dustmann, Christian - 2012
In this paper, we investigate how changes in the skill mix of local labor supply are absorbed by the economy. We distinguish between three adjustment mechanisms: through factor prices, through an expansion in the size of those production units that use the more abundant skill group more...
Persistent link: https://www.econbiz.de/10013112767
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Symbolic Values, Occupational Choice, and Economic Development
Corneo, Giacomo - 2007
Channeling human resources into the right occupations has historically been a key to economic prosperity. Occupational choices are not only driven by the material rewards associated with the various occupations, but also by the esteem that they confer. We propose a model of endogenous growth in...
Persistent link: https://www.econbiz.de/10012777026
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Growth, Development, and Technological Change
Grossmann, Volker - 2007
The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of …
Persistent link: https://www.econbiz.de/10012777881
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International Mobility of the Highly Skilled, Endogenous R&D, and Public Infrastructure Investment
Grossmann, Volker - 2009
This paper theoretically and empirically analyzes the interaction of emigration of highly skilled labor, an economy's income gap to potential host economies of expatriates, and optimal public infrastructure investment. In a model with endogenous education and Ramp;D investment decisions we show...
Persistent link: https://www.econbiz.de/10012766531
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Immigration, Human Capital Formation and Endogenous Economic Growth
Ehrlich, Isaac - 2016
Census data from international sources covering 77% of the world's migrant population indicate that the skill composition of migrants in major destination countries, including the US, has been rising over the last four decades. Moreover, the population share of skilled migrants has been...
Persistent link: https://www.econbiz.de/10013001874
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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
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Innovation, Inequality and a Golden Rule for Growth in an Economy with Cobb-Douglas Function and an R&D Sector
Welfens, Paul J.J. - 2015
The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The combination of a macroeconomic production function and...
Persistent link: https://www.econbiz.de/10013023751
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Inequality and Growth : The Role of Human Capital with Heterogeneous Skills
Borissov, Kirill - 2016
We extend the Lucas' 1988 model introducing two classes of agents with heterogeneous skills, discount factors and initial human capital endowments. We consider two regimes according to the planner's political constraints. In the first regime, that we call meritocracy, the planner faces...
Persistent link: https://www.econbiz.de/10012985671
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Informality and Long-Run Growth
Docquier, Frédéric - 2014
quantitative theory to study the dynamic implications of informality on wage inequality, human capital accumulation, child labor …
Persistent link: https://www.econbiz.de/10013060624