We construct a model of endogenous investment specific techological change in which the stock of public capital influences the real price of capital goods. We show that the growth and welfare maximizing tax rates coincide in the planned economy. When factor income taxes finance public investment...

This paper responds to the development policy debate involving the World Bank and the IMF on the use of fiscal policy not only for economic stabilization but also to promote economic growth and increase per capita income. A key issue in this debate relates to the effect of the composition of...

I use new administrative data on mass layoffs and plant closings to study the effects of distressing economic news. Exposure to stressful events during pregnancy can impair fetal development. I find that announcement of impending job losses leads to a transient decrease in the mean birth weight...

Alcohol policies encounter major problems because of the lack of consensus within and between jurisdictions. Tools that economists have developed in other contexts may be of use in addressing these problems. The consensus between neighboring jurisdictions can be facilitated when a jurisdiction...

By drawing on neurological and psychological theories of learning, our study introduces a new conceptual framework to analyse the role learning plays in knowledge and skill acquisition. Learning is modelled through four mechanisms defined as individuals' participation in formal, non-formal, and...

This article estimates the wage differentials between the natives and the relocated workers. Nationwide Pakistan Labor Force Survey 2005–06 has been used with a total sample of 10,401 working individuals. Two wage equations are estimated for those living in that area since birth or those who...

Traditional official definition of ‘work’ in developing countries excludes large number of activities that are predominantly performed by women. Naturally official Female Labour Force Participation Rate is quite low in such countries. Women who are officially in the labourforce must...

This paper considers the design of optimal unemployment insurance with multiple types of job. The environment is an extension of Hopenhayn and Nicolini(1997). We study the model by using the fi�rst-order approach. The optimal contract still displays benefit� decreasing over the length of the...

In this study, using a random sample of 425 employees in the private and public sector, we investigate the effects of stress and job satisfaction on the functioning of a company. Our attention is focused on factors that affect stress and job satisfaction like the number of work hours, good...

For effective economic growth, intentional “creation” of unemployment is required to be followed up by its «elimination». From Okun’s law one can infer an interesting corollary: growing unemployment without reducing GDP increases the economy’s potential. This corollary can be proved...