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religion can enhance or impinge upon economic growth through all four elements because it shapes individual preferences …
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preferences, societal norms, and institutions. Religion affects physical capital accumulation by influencing thrift and financial …
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religion can enhance or impinge upon economic growth through all four elements because it shapes individual preferences …
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This paper provides a labour supply explanation to the observation that in Germany employment changes are asymmetric during the business cycle. Employment increases are slower, because the reservation wage of workers increases in times of job uncertainty. Workers are afraid in those periods of...
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The US labour market is characterized by a high skill wage mark-up and low unemployment, while the German labour market has a low skill wage mark-up and a high, mainly unskilled unemployment rate. This paper adds an innovative labour supply explanation to the discussion how these distinct labour...
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