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Chapter 1: The Economic Effects of Medical Innovations: Vioxx and Labor SupplyDespite dramatic improvements in medical technology over time, comparatively little attention has been paid to the effect of these innovations on economic outcomes. This study uses seven overlapping panels of the...
Persistent link: https://www.econbiz.de/10009450754
carefully. Standard theory assumes that when firms decentralize, firms located away from the Central Business District (CBD … of capital, a complimentary factor of production. I show that the wage gradient posited by standard urban theory breaks …
Persistent link: https://www.econbiz.de/10009441889
the context of life cycle theory and stochastic behavior. The empirical part of the analysis reviews the problems of …
Persistent link: https://www.econbiz.de/10009441942
My dissertation consists of two unrelated essays. In the first essay, "Wage Subsidy in an Optimal Redistribution Program", I analyze the efficiency of income transfers and wage subsidies as instruments of income redistribution in an optimal taxation framework. I extend the Mirrlees model (1971)...
Persistent link: https://www.econbiz.de/10009441951
negotiating with broadcasters.The second essay extends the bargaining theory developed in the first essay to multiple …
Persistent link: https://www.econbiz.de/10009441960
Rent controls lead not only to a smaller market quantity of rental housing; they also result in a deterioration in the quality of available rental housing. A model of the labor market is presented in which the same kind of adjustment can take place when a minimum wage is imposed. The quality of...
Persistent link: https://www.econbiz.de/10009441978
Suitable methodology and an asymptotic theory for the sequential analysis of time-to-event (duration) data is developed … on martingale theory. Instead a modern empirical process theory is used to deal with the underlying two …-dimensional character of the problem. A very general treatment of the large sample theory with minimum technicalities is made developed. …
Persistent link: https://www.econbiz.de/10009477675
Brazilian economic development is marked by the reproduction of a very unequal income distribution profile. This has been justified by theories which prescribe the optimal allocation of resources and full employment of factors of production. Supposedly, a higher rate of economic growth is...
Persistent link: https://www.econbiz.de/10009477772
Gross job flows dynamics, defined as the behavior of creation and destruction of jobs at the establishment level, has become a topic of great interest in economics during recent years and researchers have resorted to different empirical methodologies in order to tease out its causes and...
Persistent link: https://www.econbiz.de/10009450583
The dissertation offers an analysis of the labor reallocation process in Japan and sheds light on its relationship with productivity and output volatility during the 1990s, the period of sluggish growth. The first chapter provides descriptive statistics of job reallocation rates among relatively...
Persistent link: https://www.econbiz.de/10009450584