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Modern Infectious Diseases: Macroeconomic Impacts and Policy Responses
Bloom, David E.; Kuhn, Michael; Prettner, Klaus - 2020
We discuss and review literature on the macroeconomic effects of epidemics and pandemics since the late 20th century. First, we cover the role of health in driving economic growth and well-being and discuss standard frameworks for assessing the economic burden of infectious diseases. Second, we...
Persistent link: https://www.econbiz.de/10012322424
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The French Productivity Puzzle
Askenazy, Philippe; Erhel, Christine - 2015
Since 2008, France experiences a sharp productivity slowdown. Both output per hour and total factor productivity are particularly deceptive in the market economy. This recent trend contrasts with the acceleration of productivity during the previous crisis in the 1990's and the continuous...
Persistent link: https://www.econbiz.de/10011307397
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Worker Surveillance Capital, Labour Share and Productivity
Askenazy, Philippe - 2020
This paper proposes a basic model with two types of capital: productive capital directly involved in the production process and capital devoted to monitoring workers. Surveillance capital intensifies workers' job strain, while wage recognition encourages their engagement. Firms face a double...
Persistent link: https://www.econbiz.de/10012497851
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Families in Macroeconomics
Doepke, Matthias; Tertilt, Michèle - 2016
Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is...
Persistent link: https://www.econbiz.de/10011479320
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The Role of Regulation and Regional Government Quality for High Growth Firms: The Good, the Bad, and the Ugly
Amoroso, Sara; Herrmann, Benedikt; Kritikos, Alexander S. - 2023
High growth firms (HGFs) are important for job creation and considered to be precursors of economic growth. We investigate how product- and labor-market regulations, as well as the quality of regional governments that implement these regulations, affect HGF development across European regions....
Persistent link: https://www.econbiz.de/10014469596
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Add-on pricing, naive consumers, and the hidden welfare costs of education
Kosfeld, Michael; Schüwer, Ulrich - 2011
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10010282162
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Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education
Kosfeld, Michael; Schüwer, Ulrich - Institute for the Study of Labor (IZA) - 2011
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10009359868
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Optimal Allocations in Growth Models with Private Information
Krebs, Tom; Scheffel, Martin - 2022
This paper considers a class of growth models with idiosyncratic human capital risk and private information about individual effort choices (moral hazard). Households are infinitely-lived and have preferences that allow for a time-additive expected utility representation with a one-period...
Persistent link: https://www.econbiz.de/10013470413
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Labour Market Regulation, Productivity-Improving R&D and Endogenous Growth
Palokangas, Tapio - 2003
rents and the government can support unions by labour market regulation. We show that if unions are initially very strong …, regulation increases only the workers? profit share and has no impact on employment and growth. Otherwise, regulation increases … faster. Regulation (deregulation) is desirable when the growth rate is below (above) some critical level. …
Persistent link: https://www.econbiz.de/10010261979
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Product market regulation and macroeconomic performance: a review of cross country evidence
Schiantarelli, Fabio - 2005
country data to study the effect of product market regulation and reform on a country's macroeconomic performance. After a … of product market regulation on mark-ups, firm dynamics, investment, employment, innovation productivity, and output …
Persistent link: https://www.econbiz.de/10010267501