Narrow search
Showing 1 - 10 of 502
Cover Image
Unemployment Fluctuations with Staggered Nash Wage Bargaining
Gertler, Mark - 2010
tractable relation for wage dynamics that is a natural generalization of the period-by-period Nash bargaining outcome in the … conventional formulation. An interesting side-product is the emergence of spillover effects of average wages on the bargaining …
Persistent link: https://www.econbiz.de/10012760666
Cover Image
The Effect of Unions on Employment : Evidence from an Unnatural Experiment in Uruguay
Cassoni, Adriana; Allen, Steven G.; Labadie, Gaston J. - 2021
-specific bargaining (1992-1997). The relationship between wages and employment shifted significantly across these periods as evidenced by …This study examines the impact of unions on wages and employment using data from Uruguay in a period where unions were … banned (1973-1984), then legalized with tripartite bargaining (1984-1991) followed by industry-wide or firm …
Persistent link: https://www.econbiz.de/10013221079
Cover Image
A Contribution to the Empirics of Economic Growth
Mankiw, N. Gregory - 2010
This paper examines whether the Solow growth model is consistent with the international variation in the standard of living. It shows that an augmented Solow model that includes accumulation of human as well as physical capital provides an excellent description of the cross-country data. The...
Persistent link: https://www.econbiz.de/10013138393
Cover Image
Growth and Welfare in a Small Open Economy
Grossman, Gene M. - 2010
We construct a model of growth based on endogenous technological change in a small, open economy. Entrepreneurs develop new intermediate products whenever the present value of potential profits exceeds the cost of R&D. Diversity of intermediates contributes to total factor productivity in the...
Persistent link: https://www.econbiz.de/10013139328
Cover Image
Evidence on Growth, Increasing Returns and the Extent of the Market
Beaulieu, Joseph - 2011
We examine two sets of economies, (19th century U.S. states and 20th century less developed countries) where growth rates are positively correlated with initial levels of development to document how these dynamic increasing returns operate. We find that open economies do not display a positive...
Persistent link: https://www.econbiz.de/10013124835
Cover Image
Health, Human Capital Formation and Knowledge Production : Two Centuries of International Evidence
Madsen, Jakob B. - 2012
Recent medical research shows that health is highly influential for learning and the ability to think laterally; however, past economic studies have failed to empirically examine the influence of health on learning, schooling, and ideas production; the main drivers of growth in endogenous growth...
Persistent link: https://www.econbiz.de/10013099411
Cover Image
Environmental Macroeconomics : Environmental Policy, Business Cycles, and Directed Technical Change
Heutel, Garth - 2014
Environmental economics has traditionally fallen in the domain of microeconomics, but recently approaches from macroeconomics have been applied to studying environmental policy. We focus on two macroeconomic tools and their application to environmental economics. First, real business cycle...
Persistent link: https://www.econbiz.de/10013064589
Cover Image
Knowledge Growth and the Allocation of Time
Lucas, Robert E. - 2014
We analyze a model economy with many agents, each with a different productivity level. Agents divide their time between two activities: producing goods with the production-related knowledge they already have, and interacting with others in search of new, productivity-increasing ideas. These...
Persistent link: https://www.econbiz.de/10013067292
Cover Image
Financial Innovation and Endogenous Growth
Michalopoulos, Stelios - 2014
Is financial innovation necessary for sustaining economic growth? To address this question, we build a Schumpeterian model in which entrepreneurs earn profits by inventing better goods and profit-maximizing financiers arise to screen entrepreneurs. The model has two novel features. First,...
Persistent link: https://www.econbiz.de/10013070763
Cover Image
Taxation, Corruption, and Growth
Aghion, Philippe - 2016
We build an endogenous growth model to analyze the relationships between taxation, corruption, and economic growth. Entrepreneurs lie at the center of the model and face disincentive effects from taxation but acquire positive benefits from public infrastructure. Political corruption governs the...
Persistent link: https://www.econbiz.de/10012999995