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In this paper we present and confront the expected outcome of an increase in risk on the regional or sectoral allocation of labor force and employment. The basic frameworks are the benchmark dualistic scenarios. A single-input analysis of a homogeneous product economy is provided. Uncertainty is...
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A well-supported conclusion of previous research is that displacement entails large and persistent costs for workers. It therefore seems reasonable to expect workers to try to anticipate and respond to the risk of displacement. Using 1983-93 data from the Panel Survey of Income Dynamics and the...
Persistent link: https://www.econbiz.de/10014036219
Foreign measures of uncertainty, such as the US EPU index, are often used as a proxies for domestic uncertainty in small open economies. We construct an EPU index for Sweden and demonstrate that shocks to the domestic index yield different impulse response functions for GDP growth than shocks to...
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Recent empirical evidence links migrant remittances, savings and return migration, and stresses the inaccuracy of … return migration plans. This paper presents a model of endogenous remittances, savings and return decisions under uncertainty …
Persistent link: https://www.econbiz.de/10010472791
Recent empirical evidence links migrant remittances and return migration, and stresses the impact of uncertainty on … migrant decisions. Theoretical analyses of the motives for remittances generally neglect these features, and do not include …. This paper presents a model of endogenous remittances, savings and return decisions under uncertainty. This setting, which …
Persistent link: https://www.econbiz.de/10013021390