Showing 11 - 20 of 418
continue to hold even if the coefficient of relative risk aversion approaches zero (that is, even if the marginal utility of … income is constant so that agents are risk neutral in the conventional sense) …
Persistent link: https://www.econbiz.de/10012473481
-averse entrepreneurs discount using a 'hurdle rate' that exceeds the risk-free interest rate. The gap between the two rates increases with …
Persistent link: https://www.econbiz.de/10012473852
-averse entrepreneurs discount using a 'hurdle rate' that exceeds the risk-free interest rate. The gap between the two rates increases with …
Persistent link: https://www.econbiz.de/10013324467
Persistent link: https://www.econbiz.de/10000564620
Persistent link: https://www.econbiz.de/10001222807
Since the early 1980s, wage dispersion and the ratio of skilled to unskilled employment have increased significantly in several industrial countries. A number of economists have attributed these trends to skill-biased technical progress. This paper studies the wage and employment effects of...
Persistent link: https://www.econbiz.de/10013232154
Since the early 1980s, wage dispersion and the ratio of skilled to unskilled employment have increased significantly in several industrial countries. A number of economists have attributed these trends to skill-biased technical progress. This paper studies the wage and employment effects of...
Persistent link: https://www.econbiz.de/10012473447
Persistent link: https://www.econbiz.de/10013425447
This paper examines the effect of skill-biased technological change on the structure of wages, the composition of employment and the level of unemployment in a two-sector economy with a heterogenous work force. Efficiency wage considerations and minimum wage legislation lead to labor market...
Persistent link: https://www.econbiz.de/10014397189