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labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and …
Persistent link: https://www.econbiz.de/10005106368
the way they intervene in explaining the labour productivity change in the period 1995-00. One of the reasons why France … share.In France, the contribution of ICT to the hourly labour productivity growth accelerated quite strongly over 1995 …-00 relative to the previous period. This acceleration was indeed accompanied by an acceleration in the total factor productivity …
Persistent link: https://www.econbiz.de/10013111631
The objective of this paper is to learn about the effects of the adjustment costs, economic growth, imports and exports on human capital labor demand. The dynamic model proposed by Sargent (1978) was adjusted to consider three types of human capital: (a) one with fundamental education (1–8...
Persistent link: https://www.econbiz.de/10011858429
The assumption of perfectly functioning labour markets is ubiquitous in growth theory, yet incompatible with equally ubiquitous poverty in developing countries' informal sectors. We argue that developing countries and high-income countries differ as in the former, induced by informal sector...
Persistent link: https://www.econbiz.de/10012949535
Imports of manufactured goods from China to Australia grew more than eleven-fold in real US dollar terms between 1991 and 2006. This study uses differences in industry structure between regions to identify the impact of that growth on labour market outcomes in Australia. Overall, the growth in...
Persistent link: https://www.econbiz.de/10013219433
Have recent trends in globalization changed the positive link between trade openness and social insurance? The consensus view - that voters want better social insurance against income loss the more open the economy - is seemingly contested by the rise of populism and the China shock. We present...
Persistent link: https://www.econbiz.de/10013249126
A major aspect of employment growth is discussed in relation to economic growth. This paper deals with the question as to whether the relationship between economic and employment growth, subsumed under the idiom Verdoorn's Law, holds true at the sectoral level. For this reason, the German labor...
Persistent link: https://www.econbiz.de/10009703503
The objective of this paper is to learn about the effects of the adjustment costs, economic growth, imports and exports on human capital labor demand. The dynamic model proposed by Sargent (1978) was adjusted to consider three types of human capital: (a) one with fundamental education (1-8 years...
Persistent link: https://www.econbiz.de/10011865404
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
There are at least three reasons why it has become important for Los Angeles to exert purposeful influence on its own economic trajectory: First, the population has grown steadily but the number of jobs in the formal economy, where employers comply with labor law, is still below the level of...
Persistent link: https://www.econbiz.de/10012993327