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equilibrium analysis. The four parts of this approximation are: first, the estimation of the world price effect of removal of OECD … (Organisation for Economic Co-operation and Development) distortions; second, estimation of the effects of changes in world prices … on domestic prices through a price transmission model; third, estimation of the impact on domestic production through a …
Persistent link: https://www.econbiz.de/10011807602
This paper examines two questions. First, whether and if so, to what extent real compensation growth has been systematically associated with labour productivity growth in the past five decades, once other factors determining real compensation growth have been taken into account. And secondly,...
Persistent link: https://www.econbiz.de/10014565875
This paper investigates the relationship between income satisfaction of adult children and their relative economic status, using data from the German Socio-Economic Panel and income rank as an indicator of status. The results show that children appear to compare their actual economic status with...
Persistent link: https://www.econbiz.de/10010315482
This report provides an introduction to personnel training (on-the-job training) literature in the economics field. Theoretical models dealing with the initiation of training programmes and their effects on pay at the individual level are discussed, and empirical research on wage effects is...
Persistent link: https://www.econbiz.de/10010317953
This paper examines how employer- and worker-specific productivity shocks transmit to earnings and employment in an economy with search frictions and firm commitment. We develop an equilibrium search model with worker and firm shocks and characterize the optimal contract offered by competing...
Persistent link: https://www.econbiz.de/10013394333
Development economists' disfavour with services as a viable engine of growth has been expressed both through theoretical and empirical analysis. One of the stylized facts of development economics is that share of services in employment increases only with the rise in per capita incomes. The...
Persistent link: https://www.econbiz.de/10011807616
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