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Caselli, Francesco; Coleman, Wilbur John - London School of Economics and Political Science - 2006

substitutes. We find that there is a skill biasin cross-country technology differences. Higher-income countries use skilled … labormore efficiently than lower-income countries, while they use unskilled labor relativelyand, possibly, absolutely less …

Persistent link: https://www.econbiz.de/10009305071

A Representative Consumer Theory of Distribution

Caselli, Francesco; Ventura, Jaume - London School of Economics and Political Science - 2000

This paper introduces various sources of consumer heterogeneity in one-sector representative consumer (RC) growth models and develops tools to study the evolution of the distribution of consumptions, assets and incomes.[...]

Persistent link: https://www.econbiz.de/10009305094

QUANTIFYING THE IMPACT OF FINANCIAL DEVELOPMENT ON ECONOMICDEVELOPMENT

Greenwood, Jeremy; Sánchez, Juan M.; Wang, Cheng - National Bureau of Economic Research <Cambridge, Mass.> - 2010

How important is financial development for economic development? A costly state verification modelof financial intermediation is presented to address this question. The model is calibrated to match factsabout the U.S. economy, such as intermediation spreads and the firm-size distribution for the...

Persistent link: https://www.econbiz.de/10005870315

Ownership Structure, Income Distribution, and Competitive Equilibrium: A Theory of Business Cycles, Human Capital, and Asset Returns

Dai, Quiang - 2000

In this paper, I present a theory of dynamic economic growth, business cycles, and asset pricing that integrates (1 … intertemporal consumption and portfolio decisions by risk-averse capitalists facing a contractual labor cost. …

Persistent link: https://www.econbiz.de/10005846603

UNDERSTANDING THE MECHANISMS OF ECONOMIC DEVELOPMENT

Deaton, Angus - National Bureau of Economic Research <Cambridge, Mass.> - 2010

drives higher rates of nationalsaving, the theory of speculative commodity storage and its implications for the time …

Persistent link: https://www.econbiz.de/10005870316

The structure of optimal consumption streams ingeneral incomplete markets

Malamud, Semyon; Trubowitz, Eugene - Swiss National Centre of Competence in Research North … - 2008

maximizationproblem by a recursive construction and derive many importantproperties. For example, precautionary savings and the …

Persistent link: https://www.econbiz.de/10005869069

Expected Wages and Other LaborMarket Factors Affecting the LaborForce Decisions of Nurses in the Stateof Iowa

Doorenbos, Todd; Imerman, Mark; Orazem, Peter F. - Iowa State University of Science and Technology <Ames, … - 2005

The Iowa Department of Public Health has undertaken several independent projects to evaluate various aspects of the labor environment affecting Iowa healthcare over the recent past. This research expands upon the results of these efforts to estimate the effects of a number of wage and nonwage...

Persistent link: https://www.econbiz.de/10009360879

Computer Adoption and Returns in Transition

Kuku, Yemisi; Orazem, Peter F.; Singh, Rajesh Kumar - Iowa State University of Science and Technology <Ames, … - 2004

Across nine transition economies, it is the young, educated, English-speaking workers with thebest access to local telecommunications infrastructures that work with computers. Theseworkers earn about 25% more than do workers of comparable observable skills who do not usecomputers. Controlling...

Persistent link: https://www.econbiz.de/10009360910

Off-farm labor supply responses to permanentand transitory farm income

Kwon, Chul-Woo; Orazem, Peter F.; Otto, Daniel M. - Iowa State University of Science and Technology <Ames, … - 2003

transitory components of farm income. Off-farm labor supply of both spouses declines in response to increases in permanent farm … income. Farm wives also reduce off-farm labor supply in response to positive transitory farm income shocks. Consequently, one … mechanism farm households use to smooth their goods consumption when facing fluctuating farm income is to modify their …

Persistent link: https://www.econbiz.de/10009418932

Better Dead than GM-Fed? Information and theEffects of Consumers’ Resistance to GM-Foods inHigh-Income Countries

Huffman, Wallace E.; Rousu, Matthew C.; Shogren, Jason F.; … - Iowa State University of Science and Technology <Ames, … - 2003

This paper addressed the puzzling resistance of Presidents of southern African countries to food aid in 2002, given near certain starvation and long-term negative health effects of malnutrition of their constituents. First, I show that NGOs led by Greenpeace and Friends of the Earth are...

Persistent link: https://www.econbiz.de/10009418935

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