We estimate changes in the productivity of schooling for six East Asian countries. Our productivity measure is based on changes in the relative price of schooling. A rising price of schooling relative to other labor-intensive service sectors should indicate declining relative schooling...

Die Dresdner Niederlassung des ifo Instituts hat in einem Gutachten für das Sächsische Staatsministe - rium für Wirtschaft und Arbeit die Frage untersucht, durch welche Maßnahmen ein Abbau der Arbeitslosigkeit durch öffentlich geförderte Beschäftigung erzielt werden kann, ohne der...

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Openness appears to have a strong impact on economic growth especially in DCs, which typically exhibit a high share of physical capital in factor income and a low share of labor. In the neoclassical growth model with partial capital mobility, physical capital?s share in factor income determines...

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to staggered wage contracts with time discounting), the...