Showing 1 - 10 of 79
The evidence from many experiments suggests that people are heterogeneous with regard to their abilities to make rational, forward looking, decisions. This raises the question when the rational types are decisive for aggregate outcomes and when the boundedly rational types shape aggregate...
Persistent link: https://www.econbiz.de/10005859327
Intangible capital is an important factor of production in modern economies that is generally neglected in business … cycle analyses. We demonstrate that intangible capital can have a substantial impact on business cycle dynamics, especially … if the intangible is complementary with production capacity. We focus on customer capital: the capital embodied in the …
Persistent link: https://www.econbiz.de/10010352192
This paper presents a model of fertility, which is specific for the industrialization that took place during the nineteenth century and which was concurrent with the demographic transition that occurred over the period. While previous research on demographic transition assumed altruism as the...
Persistent link: https://www.econbiz.de/10013204727
The authors examine the relative importance of the growth of physical and human capital and the growth of total factor …
Persistent link: https://www.econbiz.de/10010397560
corporate tax borne by capital and labor and the efficiency effects of corporate income tax. The data for the study is compiled … period 2000-15. Our empirical estimates suggest that in India capital bears more of the burden of corporate taxes than labor … capital, it confirms the existing empirical results in the context of India. …
Persistent link: https://www.econbiz.de/10011784688
analysis is conducted at two primary levels of abstraction - "capital in general" (where competition between individual … located at the level of "capital in general" and the analysis in the third volume is located at the level of "many capitals …
Persistent link: https://www.econbiz.de/10011788915
We scrutinize the monetary transmission mechanism in New-Keynesian models, focusing on the role of capital, the key …
Persistent link: https://www.econbiz.de/10011796508
We study the behavior of the US labor share over the past 70 years. We find that the capitalization of intellectual property products in the national income and product accounts entirely explains - in a purely accounting sense - the observed decline of the US labor share. We assess the...
Persistent link: https://www.econbiz.de/10012144215
elasticity of substitution between capital and labor can be expressed as a simple function of plant level structural parameters …
Persistent link: https://www.econbiz.de/10010292129
In this paper we study the importance of marriage for interstate risk sharing. We find that US states in which married couples account for a higher share of the population are less exposed to state-specific output shocks. Thus, marriages do not just improve the allocation of risk at the...
Persistent link: https://www.econbiz.de/10010294898