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price uncertainty. The effect on employment, wages, and profits of different realizations of the state of nature is studied …
Persistent link: https://www.econbiz.de/10013124657
therefore, in the unemployment rate. Furthermore, a firm can increase its domestic employment through offshoring. Also, such a …In this paper, in order to study the impact of offshoring on sectoral and economywide rates of unemployment, we … construct a two sector general equilibrium model in which labor is mobile across the two sectors, and unemployment is caused by …
Persistent link: https://www.econbiz.de/10012776810
This paper analyzes the effects of environmental policy on employment (and unemployment) using a new general …-equilibrium two-sector search model. We find that imposing a pollution tax causes substantial reductions in employment in the … regulated (polluting) industry, but this is offset by increased employment in the unregulated (nonpolluting) sector. Thus the …
Persistent link: https://www.econbiz.de/10012991682
We study the incidence of pollution taxes and their impact on unemployment in an analytical general equilibrium … efficiency wage model. We find closed-form solutions for the effect of a pollution tax on unemployment, factor prices, and output …
Persistent link: https://www.econbiz.de/10014091901
. Using an applied GE model, we find that (A) the gains to Mexico are significant and the effects on the US and Canada are … markets) results in large gains for Mexico as the Mexican industry is forced to rationalize, while losses to the US and Canada …
Persistent link: https://www.econbiz.de/10013139985
states of employment, unemployment, and non-participation. The determinants of actual household transitions are then … investigated using continuous employment histories for a sample of low-income families. Simulations using the estimated transition … functions show that increased unemployment among married men has a sizeable short-run effect on both participation and …
Persistent link: https://www.econbiz.de/10013224699
Over the last century, unemployment, vacancy, job-finding and job-loss rates as well as the Beveridge curve have no … unemployment, vacancies, job-finding and job-loss rates are constant while the search technology improves over time if and only if … is observed before the start of the employment relationship. Under these conditions, improvements in search lead to an …
Persistent link: https://www.econbiz.de/10013221525
The evidence for the United States points to balanced growth despite falling investment-good prices and an elasticity of substitution between capital and labor less than one. This is inconsistent with the Uzawa Growth Theorem. We extend Uzawa's theorem to show that the introduction of human...
Persistent link: https://www.econbiz.de/10013001767
This paper examines equilibrium and welfare in a tractable class of economies with externalities, strategic complementarity or substitutability, and incomplete information. In equilibrium, complementarity amplifies aggregate volatility by increasing the sensitivity of actions to public...
Persistent link: https://www.econbiz.de/10012783343
We present a theory of endogenous fiscal policy and growth. Fiscal policy — debt, income tax, spending on local public …
Persistent link: https://www.econbiz.de/10013013181