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explanatory variable in the analysis of migration. Although correlated with other variables that are routinely used in …
Persistent link: https://www.econbiz.de/10005870559
This paper studies the asset pricing implications of a general equi-librium model in which real investment is reversible at a cost. Firmsface higher costs in contracting than in expanding their capital stockand decide to invest when their productive capital is scarce relativeto the overall...
Persistent link: https://www.econbiz.de/10009022140
The aim of this paper is to explain why cross-sectional estimated migration correlations displayed in the academic and … a model with stochastic migration in which the parameters of interest, that are migration correlations, are precisely … defined. The impossibility of estimating consistently the migration correlations from cross-sectional data only is emphasized …
Persistent link: https://www.econbiz.de/10005858516
This paper extends the empirical stock-flow consistent (SFC) literature through the introduction of distributional features and labor market institutions in a Godley-type empirical SFC model. In particular, labor market institutions, such as the minimum wage and the collective bargaining...
Persistent link: https://www.econbiz.de/10012610177
experienced poverty, loss of dignity, and humiliation and Greece was the country hit hardest. For Merkel, placing national …
Persistent link: https://www.econbiz.de/10014322574
of the accumulation of Greece's public debt since the 1960s and the role of public debt in the recent crisis. We show …
Persistent link: https://www.econbiz.de/10011784657
This paper analyzes the trajectories of the Greek public deficit and sovereign debt over the last three decades and their connection to the political and economic environment, paying special attention to the causality between the public and the foreign deficit. The authors argue that, from 1980...
Persistent link: https://www.econbiz.de/10010318673
relevant research question to be addressed. We illustrate our arguments with examples for Greece, Italy, and Ecuador. We also …
Persistent link: https://www.econbiz.de/10012142966
This paper builds a dynamic general equilibrium model of cities and uses it to analyze the role of local housing markets and moving costs in determining the character and extent of labor reallocation in the US economy. Labor reallocation in the model is driven by idiosyncratic city-specific...
Persistent link: https://www.econbiz.de/10010292111
In this paper, I experimentally examine the employment opportunities of Austrians with and without migration background …. Applications of candidates with a Serbian, Turkish, Chinese, Nigerian and no migration background are sent in response to job … results document employment discrimination for all groups with migration background, it is most pronounced for applicants with …
Persistent link: https://www.econbiz.de/10011310802