This paper calculates the quantitative significance of the welfare effects of wage compression in Sweden. This is done in a dynamic general equilibrium model with overlapping generations where agents choose both schooling (human capital) and assets (physical capital). This paper shows that when...

Hungarian Abstract: A tanulmányom témaválasztási aktualitását a 2016. június 23. napján tartott brit referendum eredménye adja, melynek értelmében a brit szavazóképes lakosság 51,9%-a megszavazta az Egyesült Királyság kilépését (BREXIT)1 az Európai Unióból (a...

If Janossy's theory should concisely be drafted, one might say that he had been researching the "real carrier of economic development" in a very original way and having formulated his theory in a specific language. He managed to identify the "carrier" of development focusing on the systematic...