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education subsidy policy we demonstrate that the optimal subsidy for general education increases with the growth rate of …
Persistent link: https://www.econbiz.de/10013212567
Persistent link: https://www.econbiz.de/10015054099
The paper introduces a framework for studying the hierarchy of growth factors, from deep to more immediate. The specific setting we examine is 18th and 19th century Germany, when institutional changes introduced by reforms and transportation improvements converged to create city growth. We...
Persistent link: https://www.econbiz.de/10013086487
For generations of scholars and observers, the quot;transportation revolution,quot; especially the railroad, has loomed large as a dominant factor in the settlement and development of the United States in the nineteenth century. There has, however, been considerable debate as to whether...
Persistent link: https://www.econbiz.de/10012758014
The aggregate neoclassical growth model - with means-tested subsidies whose replacement rates began rising at the end of 2007 as its only impulse - produces time series for aggregate labor usage, consumption, investment, and real GDP that closely resemble actual U.S. time series. Despite having...
Persistent link: https://www.econbiz.de/10013120207
in many place based policies. The optimal hiring subsidy is city specific in the sense that it depends upon the local …
Persistent link: https://www.econbiz.de/10013087442
We study the coverage impacts of a 65-percent health insurance premium subsidy which targeted employer-insured workers … American Recovery and Reinvestment Act (ARRA) COBRA subsidy and contributes to a better understanding of consumer responses to … the subsidy is associated with a substantial increase in own-name employer coverage among the targeted group. We estimate …
Persistent link: https://www.econbiz.de/10013052674
Low rates of health insurance coverage among the non-employed have motivated consideration of policies to subsidize the purchase of insurance for those who are without a job. But there is little evidence on the extent to which coverage differentials between the employed and the non-employed...
Persistent link: https://www.econbiz.de/10013324057
How do innovation and education policy affect individual career choice and aggregate productivity? This paper analyzes the various layers that connect R&D subsidies and higher education policy to productivity growth. We put the development of scarce talent and career choice at the center of a...
Persistent link: https://www.econbiz.de/10014093398
We derive aggregate growth-accounting implications for a two-sector economy with heterogeneous capital subsidies and monopoly power. In this economy, measures of total factor productivity (TFP) growth in terms of quantities (the primal) and real factor prices (the dual) can diverge from each...
Persistent link: https://www.econbiz.de/10013142554