This paper shows that labor market institutions are important for the formation of new enterprises. The effects of labor market institutions on entrepreneurship, wage determination, and firm size are analysed analytically and illustrated numerically. The main result is that an increase in union...

In the present article we reinterpret the routine activities model trying to incorporate some elements of rational choice model. The empirical analysis estimates the probability of victimization. The data base is a victimization survey conducted by FIA/USP and ILLANUD, in 2002. The survey was...

Ranking infinite utility streams includes many impossibility results, most involving certain Pareto, anonymity, or continuity requirements. We introduce the concept of the future agreement extension, a method that explicitly extends orderings on finite time horizon to an infinite time horizon....

Neste trabalho o método de opções reais foi utilizado, em confronto com o do valor presente líquido, para avaliar se uma parte do Parque dos Manguezais, em Recife-PE, maior área de manguezal urbano do mundo, deve ou não ser utilizada para construção de uma rodovia, se sua totalidade deve...

We present a general equilibrium model where profit-maximizing firms and non-profit organizations coexist, and the people’s propensity to devote efforts to non-profit activities increases with the stock of social capital. In its turn, the formation of social capital is stimulated by an...

This paper presents a new assessment the Stolper-Samuelson Theorem, relaxing the neoclassical hypothesis of perfect factor mobility and wage flexibility. We build a model economy in which some sector face imperfect competition and workers are unionized in those sector, so that wages are not...

This paper examines pension premiums and a consumption tax as ways to finance basic pensions. The union wage model suggests that labor wage taxation increases the rate of unemployment. Using the right-to-manage model, it becomes clear that an increase in premiums for labor wages actually leads...

This work estimates elasticity wage/long-term unemployment and checking which individuals groups are more affected by unemployment hysteresis phenomenon, using Household Sample National Survey (PNAD) published by the Brazilian Bureau of Geography and Statistics (IBGE) of six metropolitan regions...

Recently, as low birth rates and the aging of society have intensified, considerable analysis is being conducted using overlapping generations models with endogenous birth rates. However, most previous studies have assumed full employment. Since it is the case that unemployment does exist in...