The theoretical richness and variety of the new growth literature can make it difficult to capture the essence of growth models. With this paper, we wish to provide one possible integrating view of the nature of the growth generating processes. Revisiting the models that constitute the core of...

The purpose of this paper is to analyze the relationship between energy consumption and economic growth in Saudi Arabia and United Arab Emirates for the period 1990-2010. The paper will also assess the impacts of changes in energy prices on aggregate energy consumption, and finally, the paper...

This paper attempts to investigate the impact of sectoral wage laws in South Africa. Specifically, we examine the impact of minimum wage laws promulgated in the Retail, Domestic work, Forestry, Security, and Taxi sectors using 15 waves of biannual Labour Force Survey data for the 2000–2007...

This lecture argues that mental health is a major factor of production. It is the biggest single influence on life satisfaction, with mental health eight years earlier a more powerful explanatory factor than current income. Mental health also affects earnings and educational success. But, most...

Through flows from 3 states, employment, unemployment and out of the labor force, we analyze the dynamics of labor markets in Chile from 1962-2007. We identify some periods of different labor market regimes and relate them with changes in flexibility. We found that reforms such as that of 1967,...

Der Verlust des Arbeitsplatzes ist für Arbeitnehmer meist mit erheblichen negativen Folgen verbunden - dies gilt umso mehr, wenn von den Auswirkungen Familien betroffen sind. Dabei ist nicht nur die finanzielle Situation von Bedeutung: Auch die Entwicklung der Kinder kann beeinflusst werden,...

The purpose of the paper is to analyse how labour market and labour market institutions reacted during recent crises. In early 1990s Estonia introduced a set of rather unique policy options like currency board as a ground for monetary policy, low taxes, open foreign trade policy, low public...

In this paper we analyze empirically different specifications of a sample selection model. We are interested in how the estimates vary across alternative assumptions concerning the joint conditional distribution of the sample selection equation errors, such us the specification of error...

Die Krisen der letzten Jahre haben in Europa die Jugendarbeitslosigkeit kräftig ansteigen lassen, was das schon seit langer Zeit bestehende Phänomen der weit über dem Durchschnitt liegenden Arbeitslosigkeit der Jugendlichen deutlicher hervortreten lässt. In manchen Ländern erreichte die...

Labor market policies succeed or fail at least in part depending on how well they reflect or account for behavioral responses. Insights from behavioral economics, which allow for realistic deviations from standard economic assumptions about behavior, have consequences for the design and...