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In a general equilibrium framework, an economy, with one non-traded final good and two traded intermediate goods, is modeled in this paper. It is shown that even if the economy consists of one frictionless labor market and a labor market with the search-friction, a status-conscious preference...
Persistent link: https://www.econbiz.de/10011111305
Joining the European Union big opportunities in the international markets have opened for Latvia. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. In the paper Latvian economic indicators before and after entering the EU are...
Persistent link: https://www.econbiz.de/10009216353
In his Inquiry into the Nature and Causes of the Wealth of Nations Adam Smith (1776) considered the phenomenon of division of labor so enormously significant for the creation of a nation’s wealth that he devoted the first three chapters of his book to an investigation of this process. This is...
Persistent link: https://www.econbiz.de/10008596380
globalization affected the relative share of income going to capital and labor? Using a panel of over one hundred countries, this … paper analyses trends in labor shares and examines the relationship between shares and measures of globalization. Contrary … changes in factor endowments and government spending, as well as by traditional measures of globalization, such as trade …
Persistent link: https://www.econbiz.de/10011257852
The level of economic development of county and it’s capacity to provide jobs reflects important issues which could be measured in line with the occupancy degree of the workforce. In the context of our county’s accession to the European Union, Romania should pursue a sustainable economic...
Persistent link: https://www.econbiz.de/10008541504
Comparing labor markets of the United States and Germany over the period 1980 − 2004 uncovers three stylized differences: (1) transition rates from unemployment to employment (UE) were lower by a factor of 5 and inflow rates from employment to unemployment (EU) were lower by a factor of 4 in...
Persistent link: https://www.econbiz.de/10011259260
Comparing labor markets in the United States and Germany as Europe’s largest economy over the period from 1980−2004 uncovers three stylized differences: (1) Germany’s mean transition rates from unemployment to employment (UE) were lower by a factor of 5 and transition rates from employment...
Persistent link: https://www.econbiz.de/10009223332
This paper analyzes how the frictions in the labor market simultaneously affect the economic growth and the long run unemployment. To this goal, we develop a Schumpeterian model of endogenous growth: agents have the choice of being employed or being doing R&D activities. Unemployment is caused...
Persistent link: https://www.econbiz.de/10005787102
This paper estimates a stylized search and matching model on data for Australia covering the period 1978-2008. Using Bayesian methods we find that the model does a fairly good job in replicating the data. Surprisingly, we find a large value for the worker’s bargaining power and low vacancy...
Persistent link: https://www.econbiz.de/10011259078
This paper examines the effectiveness of active labour market policies (ALMP) in improving labour market outcomes, especially of low-skilled individuals. The empirical analysis consists of an aggregate impact approach based on a pooled cross country and time-series database for 31 advanced...
Persistent link: https://www.econbiz.de/10011110676