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We investigate how household disadvantage affects the time use of 15-18 year-olds using 2003-2006 data from the American Time Use Survey. Applying competing-risk hazard models, we distinguish between the incidence and duration of activities and incorporate the daily time constraint. We find that...
Persistent link: https://www.econbiz.de/10010276861
We develop an estimated model of the U.S. economy in which agents form expectations by continually updating their beliefs regarding the behavior of the economy and monetary policy. We explore the effects of policymakers' misperceptions of the natural rate of unemployment during the late 1960s...
Persistent link: https://www.econbiz.de/10010298293
erwarten sich die Anleger wohl Wachstumsimpulse von Innovationen auf dem Gebiet der Künstlichen Intelligenz. Für die USA kann … Gewerbes und industriepolitische Maßnahmen in den USA und in China, welche europäische Anbieter benachteiligen. Deutschland … befindet sich in einer lang anhaltenden Stagnation. Ende 2023 waren privater Konsum und Investitionen immer noch niedriger als …
Persistent link: https://www.econbiz.de/10014583760
period of stagnation. The model has multiple steady-growth solutions when the labour supply is highly elastic, and government …, and a combination of high saving rates and slow population growth account for the stagnation of the 1990s. This …
Persistent link: https://www.econbiz.de/10010287845
Although immigration of workers generates a positive externality on members of domestic pension systems, many countries are very reluctant to allow foreigners into their labor markets. In a political economic framework, we explain this voting outcome by considering a young unskilled median voter...
Persistent link: https://www.econbiz.de/10010297094
Persistent link: https://www.econbiz.de/10011385458
Inter- and intra-state disparities in levels of literacy rates in India are striking, especially for the marginalized groups of women and low caste population. The present paper offers an explanation of this disparate development in terms of elite dominance that discriminates against the...
Persistent link: https://www.econbiz.de/10010269246
In the present paper we advance a theory of pre-industrial growth where body size and population size are endogenously determined. Despite the fact that parents invest in both child quantity and productivity enhancing child quality, a take-off does not occur due to a key physiological check: if...
Persistent link: https://www.econbiz.de/10010294438
in Germany, are analysed. Finally, the impact of deflationary wage policies on German and European stagnation are … discussed and it is concluded that the excessive wage restraint in Germany not only exacerbates stagnation and deflationary …
Persistent link: https://www.econbiz.de/10010296098
Since the breakup of the Soviet Union, the North Caucasus is known as a politically unstable region and as a melting pot for terrorism and all kinds of criminal activity, reaching from drugtrafficking and illegal arms trade to hijacking and extortion. Furthermore, the North Caucasus is one of...
Persistent link: https://www.econbiz.de/10010307927