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We argue that the question of whether and when policy reform works should be investigated together with the political economy factors responsible for distortionary policies in the first place. These not only determine the initial distortions, but also often shape policy in the post-reform...
Persistent link: https://www.econbiz.de/10012771805
We argue that the question of whether and when policy reform works should be investigated together with the political economy factors responsible for distortionary policies in the first place. These not only determine the initial distortions, but also often shape policy in the post-reform...
Persistent link: https://www.econbiz.de/10012464613
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US energy sector. The model's quantitative implications match a range of moments not targeted in the estimation quite …
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Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers …
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