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Employment, exchange rates and labour market rigidity

Alexandre, Fernando; Bação, Pedro; Cerejeira, João; … - 2010

There is increasing evidence that the interaction between shocks and labour market institutions is crucial to understanding the dynamics of employment. In this paper, we show that the inclusion of labour adjustment costs in a trade model affects the impact of exchange rate movements on...

Persistent link: https://www.econbiz.de/10010269855

Potential, prizes and performance : testing tournament theory with professional tennis data

Sunde, Uwe - 2003

This paper tests two hypotheses from the theory of elimination tournaments: (i) that uneven tournaments, where the … contestants are ex ante heterogeneous, entail lower effort exertion; this is a prediction from agency theory that has not been … underlies any agency theory about elimination tournaments, and has been empirically tested in other contexts. The evidence …

Persistent link: https://www.econbiz.de/10010261647

How Outsourcing Affects Bilateral Political Relations

Polachek, Solomon W. - 2004

One issue the literature neglects is how outsourcing stimulates trade (imports, exports and foreign direct investment), thereby affecting political relations. However, at least as far back as 1750, economic philosophers such as Baron de Montesquieu in his L?Esprit des Lois, argued, ?peace is the...

Persistent link: https://www.econbiz.de/10010262075

International capital market integration, educational choice and economic growth

Egger, Hartmut; Egger, Peter; Falkinger, Josef; … - 2005

thereby fosters economic growth. We apply a structural estimation approach to fully track the endogenous mechanisms of the …

Persistent link: https://www.econbiz.de/10010267663

Earnings over the lifecycle: the Mincer earnings function and its applications

Polachek, Solomon W. - 2007

In 1958 Jacob Mincer pioneered an important approach to understand how earnings are distributed across the population. In the years since Mincer's seminal work, he as well as his students and colleagues extended the original human capital model, reaching important conclusions about a whole array...

Persistent link: https://www.econbiz.de/10010268458

Infinite dimensional VARs and factor models

Chudik, Alexander; Pesaran, Mohammad Hashem - 2007

that this will lead to a dynamic factor model with the dominant unit acting as the factor. The problems of estimation and …

Persistent link: https://www.econbiz.de/10010276258

Declining fertility and economic well-being: Do education and health ride to the rescue?

Prettner, Klaus; Bloom, David E.; Strulik, Holger - 2012

It is widely argued that declining fertility slows the pace of economic growth in industrialized countries through its negative effect on labor supply. There are, however, theoretical arguments suggesting that the effect of falling fertility on effective labor supply can be offset by associated...

Persistent link: https://www.econbiz.de/10010282140

Should easier access to international credit replace foreign aid?

Bandyopadhyay, Subhayu; Lahiri, Sajal; Younas, Javed - 2011

We examine the interaction between foreign aid and binding borrowing constraint for a recipient country. We also analyze how these two instruments affect economic growth via non-linear relationships. First of all, we develop a two-country, two-period trade-theoretic model to develop testable...

Persistent link: https://www.econbiz.de/10010282320

Oswald, Andrew J. - 2009

well spent. Is there an objective way to assess the quality of a nation's world-leading science? I attempt to suggest a … method, and illustrate it with modern data on economics. Of 450 genuinely world-leading journal articles, the UK produced 10 …

Persistent link: https://www.econbiz.de/10010269637

Discretionary Measures of Active Labor Market Policy: The German Employment Promotion Reform in Perspective

Fertig, Michael; Schmidt, Christoph M. - 2000

This paper provides a preliminary assessment of recent reforms of German employment promotion policy. While several recent studies analyze the impact of measures of employment promotion for the case of Germany, no comparable study exists on the aggregate level, thus precluding any assessment of...

Persistent link: https://www.econbiz.de/10010262390

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