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Behavioral Heterogeneity : Pareto Distributions of Homothetic Preference Scales and Aggregate Expenditures Income Elasticities
Grandmont, Jean-Michel - 2017
We evaluate the income elasticity of the aggregate budget share spent on a sub-group of commodities, in a competitive framework, by a continuum of agents having the same income, but heterogeneous behavior described by an "homothetic preferences scaling factor" having a bounded Pareto...
Persistent link: https://www.econbiz.de/10012945782
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The Effects of Structural Reforms on Productivity and Profitability Enhancing Reallocation : Evidence from Colombia
Eslava, Marcela; Haltiwanger, John; Kugler, Adriana D.; … - 2016
Estimates for the U.S. suggest that at least in some sectors productivity enhancing reallocation is the dominant factor in accounting for productivity growth. An open question, particularly relevant for developing countries, is whether reallocation is always productivity enhancing. It may be...
Persistent link: https://www.econbiz.de/10014028170
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Education, growth and income inequality
Teulings, Coen N.; Rens, Thijs van - 2003 - This version: February 2003
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10011325967
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Education, growth and income inequality
Teulings, Coen N.; Rens, Thijs van - 2002
When types of workers are imperfect substitutes, the Mincerian rate of return to human capital is negatively related to the supply of human capital. We work out a simple model for the joint evolution of output and wage dispersion. We estimate this model using cross-country panel data on GDP and...
Persistent link: https://www.econbiz.de/10011408972
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Education, Growth and Income Inequality
Teulings, Coen N.; van Rens, Thijs - 2021
When types of workers are imperfect substitutes, the Mincerian rate of return to human capital is negatively related to the supply of human capital. We work out a simple model for the joint evolution of output and wage dispersion. We estimate this model using cross-country panel data on GDP and...
Persistent link: https://www.econbiz.de/10013320636
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From fossil fuels to renewables : studies on the effects of resource endowments and climate policy on economic outcomes
Montoya Gómez, Ana Maria - 2020
role that local institutions play in this context. Chapter 2 analyzes how greenhouse gas emissions of companies in OECD and …
Persistent link: https://www.econbiz.de/10012262529
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Works councils and employer attitudes toward the incentive effects of HRM practices
Jirjahn, Uwe - 2016
A growing number of econometric examinations show that works councils substantially shape the personnel policy of firms … whether employers view the shaping of personnel policy positively or negatively. Using data from manufacturing establishments … decision-making. It decreases the probability of a positive attitude toward the incentive effects of a high-wage policy. The …
Persistent link: https://www.econbiz.de/10011486434
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Estimating the cross-sectional distribution of price stickiness from aggregate data
Carvalho, Carlos Viana de; Dam, Niels Arne - 2010
We estimate a multi-sector sticky-price model for the U.S. economy in which the degree of price stickiness is allowed to vary across sectors. For this purpose, we use a specification that allows us to extract information about the underlying cross-sectional distribution from aggregate data....
Persistent link: https://www.econbiz.de/10003914329
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Aggregation without the aggravation? : nonparametric analysis of the representative consumer
Cherchye, Laurens; Crawford, Ian; Rock, Bram de; … - 2011
assumptions. We investigate the application of our characterisation by means of a balanced microdata panel survey. Our findings …
Persistent link: https://www.econbiz.de/10009529153
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Real rigidities and the cross-sectional distribution of price stickiness : evidence from micro and macro data combined
Carvalho, Carlos Viana de; Dam, Niels A.; Lee, Jae Won - 2014
price changes in shaping the effects of monetary policy. Employing a Bayesian approach, we combine macroeconomic time …
Persistent link: https://www.econbiz.de/10011398809