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Cross-Country Inequality Trends
Acemoglu, Daron - 2002
much less, in (continental) Europe over the same time period. I review the two most popular explanations for these … differential trends: that relative supply of skills increased faster in Europe, and that European labor market institutions … where labor market institutions creating wage compression in Europe also encourage more investment in technologies …
Persistent link: https://www.econbiz.de/10011653022
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Energy distribution, power laws, and economic growth
Dalgaard, Carl-Johan; Strulik, Holger - 2008
The natural sciences have established a general scaling law that relates metabolism and body size of animals. Recently this association - known as Kleiber's law - has received deep theoretical foundation by network theory and has been fruitfully applied to explain various biological phenomena,...
Persistent link: https://www.econbiz.de/10010264937
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Life expectancy, labor supply, and long-run growth: Reconciling theory and evidence
Strulik, Holger; Werner, Katharina - 2012
We set up a simple overlapping generation model that allows us to distinguish between life expectancy and active life expectancy. We show that individuals optimally adjust to a longer active life by educating more and, if the labor supply elasticity is high enough, by supplying less labor. When...
Persistent link: https://www.econbiz.de/10010311688