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Taking a regional approach, this text challenges some of the underlying assumptions behind globalization and focuses on both the dominant economies the EU, the US and Japan as well as emerging markets in world trade, such as Brazil, India and China
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We develop a theoretical model regarding the migration of dual-earner couples and test it in the context of international migration. Our model predicts that the probability that a couple emigrates increases with the income of the primary earner, whereas the income of the secondary earner may...
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innovation in education, but the picture is ambiguous for health care. Natural monopolies are unsuitable for outsourcing. Network …
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Using Finnish panel data, we study how entrepreneurs differ from workers in education and income dynamics. We find that … income with all but undergraduate level of education. However, random effects and matching models suggest that entrepreneurs … have lower incomes. We also analyze those who changed careers. Those with higher level of education are more likely to …
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We study the efficiency and distributional consequences of establishing and abolishing the draft in a dynamic model with overlapping generations, taking into account endogenous human capital formation as well as government budget constraints. The introduction of the draft initially benefits the...
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country with flat-rate benefits may reduce their investment in education. With suitably planned transfers between the two …
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