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Fixed point theorems are the standard tool used to prove the existence of equilibria in mathematical economics. This paper shows how to prove a slight generalization of Brouwer's and Kakutani's fixed point theorems using the familiar techniques of drawing and shifting curves in the plane and is,...
Persistent link: https://www.econbiz.de/10005607526
, restructuring and privatisation can lead to falls in GDP and real wages, while capital is transferred abroad. This situation can …-intensive. For countries with high costs of firm set-up and of trade, capital controls may be justified to protect wages. …
Persistent link: https://www.econbiz.de/10005482840
We unify two approaches towards identifying native welfare effects of immigration, one emphasizing the immigration surplus (Borjas, 1995,1999), the other identifying a welfare loss due to terms-of-trade effects (Davis & Weinstein, 2002). We decompose the native welfare effect of immigration into...
Persistent link: https://www.econbiz.de/10005839128
the labor market propagate to the rest of the economy through changes in employment, wages and local prices and how this …
Persistent link: https://www.econbiz.de/10008468706
I explore the interpretation of global and regional economic integration as issues of equality of access for producers in di¤erent locations to any particular market. An industry in an individual country can be seen as becoming more globalised as producers worldwide gain more equal access to...
Persistent link: https://www.econbiz.de/10005423005
measured gross domestic product and wages, followed by prolonged recession, while the large gains to a wealthy minority who … privatisation can lead to falls in GDP and real wages, while capital is transferred abroad. This situation can occur even under … countries with high costs of firm setup and of trade, capital controls may be justified to protect wages. …
Persistent link: https://www.econbiz.de/10005423040
the labor market propagate to the rest of the economy through changes in employment, wages and local prices and how this …
Persistent link: https://www.econbiz.de/10008568283
This paper discusses the relationship between the elasticities of wages and productivity with respect to human capital …
Persistent link: https://www.econbiz.de/10008677150
Persistent link: https://www.econbiz.de/10005515563
In exploring the impact of tax policy on labor-market performance, the paper first investigates how tax reform impacts labor supply and equilibrium unemployment in representative agent models.The impact of tax policy on labor market performance depends importantly on various other labor-market...
Persistent link: https://www.econbiz.de/10011092296