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More advanced technologies demand higher degrees of specialization - and longer chains of production connecting raw inputs to final outputs. Longer production chains are subject to a "weakest link" effect: they are more fragile and more prone to failure. Optimal chain length is determined by the...
Persistent link: https://www.econbiz.de/10013135410
In addition to providing useful skills, education may also yield valuable information about one's tastes and talents. This paper exploits an exogenous difference in the timing of academic specialization within the British system of higher education to test whether education provides such...
Persistent link: https://www.econbiz.de/10013153976
.S., Japan and Germany. A dynamic factor demand model with two variable inputs (labor and energy)and two quasi-fixed inputs …
Persistent link: https://www.econbiz.de/10013223350
This working paper presents Chapter 7 of a book to be published for the National Bureau of Economic Research by the University of Chicago Press. The point of the book is to compare taxes on income from capital in four countries,accounting for corporate, personal, and property taxes, and...
Persistent link: https://www.econbiz.de/10013224427
and Germany, and thereby assess the impact of increased pollution abatement capital regulation on productivity growth. Our …
Persistent link: https://www.econbiz.de/10013231224
taken into account. Comparisons of Engel curves are also made to households in Great Britain and Germany. Results from …
Persistent link: https://www.econbiz.de/10013309366
This working paper presents Chapter 2 of a book that has been submitted to the University of Chicago Press for publication consideration. The point of the book is to compare taxes on income from capital infour countries,accounting for corporate, personal, and property taxes, and including...
Persistent link: https://www.econbiz.de/10013226949
subsidies on retirement, savings and housing choices in the two countries. Germany faces a particularly pronounced aging process … percent at its peak in 2030. In this respect, changes that are occurring in Germany now may be regarded as indicative for … changes to come in the United States. Retirement, savings and housing behavior differ quite markedly between Germany and the …
Persistent link: https://www.econbiz.de/10013227208
We simulate corporate tax reform in a single good, five-region (U.S., Europe, Japan, China, India) model, featuring …
Persistent link: https://www.econbiz.de/10013071508
Monetary policies in the U.S., Japan, Germany and the United Kingdom over the period 1973-1986 are compared and …. The most striking contrast in the outcomes of policy is between Japan and Germany in the second oil shock. Both their … Bundesbank and the Bank of Japan each focus on one money target, described by the Bundesbank as a target, and by the Bank of …
Persistent link: https://www.econbiz.de/10012777224