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It concludes by constructing a simple model in which knowledge flows slowly across national borders but moves easily within borders. We show there is a leadership-followership equilibrium, in which some countries are leaders, others are followers. Contrary to Solow's analysis, there need not be...
Persistent link: https://www.econbiz.de/10012458174
-style institutions? More generally, in an interdependent world, would we expect all countries to adopt the same institutions? To provide … theoretical answers to this question, we develop a simple model of economic growth in a world in which all countries benefit and … potentially contribute to advances in the world technology frontier. A greater gap of incomes between successful and unsuccessful …
Persistent link: https://www.econbiz.de/10012460215
Denmark. The first reform, implemented in 2002, lowered benefits for non-EU immigrants by about 50%, with no changes for …
Persistent link: https://www.econbiz.de/10012480397
institutions also shape the course of technology; thus, a world-wide shift in the technology frontier results in different …
Persistent link: https://www.econbiz.de/10012468322
This paper aims to explain the significant variations in the social contract observed across nations. It shows how countries with similar technologies and preferences, as well as equally democratic political systems, can sustain very different average and marginal tax rates. Similarly, it...
Persistent link: https://www.econbiz.de/10012473265
We develop a dynamic political-economic theory of welfare state and immigration policies, featuring three distinct voting groups: skilled workers, unskilled workers, and old retirees. The essence of inter- and intra-generational redistribution of a typical welfare system is captured with a...
Persistent link: https://www.econbiz.de/10012457860
Over the years, there emerged two key policy differences between Europe and America, both welfare and migration-states. The former has more generous welfare state and more liberal migration policies than the latter. In this paper we attempt to provide a political-economy explanation for these...
Persistent link: https://www.econbiz.de/10012458218
This paper examines the performance of the German economy and the role of the regulation and welfare state policies in affecting its performance. While the German economy is still strong, incentives in place are likely to impair future German competitiveness and productivity
Persistent link: https://www.econbiz.de/10012469516
, where easing the country access to the world capital markets induces political-economy based policy changes that impact …
Persistent link: https://www.econbiz.de/10012452967
We evaluate the effect on newly arrived refugees' employment of a policy, introduced in Denmark in 2013, that matched …
Persistent link: https://www.econbiz.de/10012938750