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Reshoring, automation, and labor markets under trade uncertainty

Firooz, Hamid; Leduc, Sylvain; Liu, Zheng - 2024

Persistent link: https://www.econbiz.de/10014533495

Working time and employment under uncertainty

Chen, Yu-Fu; Funke, Michael - 2002

The standard literature on working time has modelled the decisions of firms in a deterministic framework in which firms can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we consider the impact of uncertainty and real options on the decision of...

Persistent link: https://www.econbiz.de/10011409991

Firm dynamics with frictional product and labor markets

Kaas, Leo; Kimasa, Bihemo - 2018

This paper analyzes the joint dynamics of prices, output and employment across firms. We develop a dynamic equilibrium model of heterogeneous firms who compete for workers and customers in frictional labor and product markets. Idiosyncratic productivity and demand shocks have distinct...

Persistent link: https://www.econbiz.de/10011896893

Government Policy in a Stochastic Growth Model with Elastic Labor Supply

Turnovsky, Stephen J. - 2001

Endogenous labor supply is introduced into a stochastic growth model. Money is superneutral, and the real part of the equilibrium can be characterized by two nonlinear trade-off loci between the time devoted to leisure and the mean growth rate that ensure the following: (i) equality among the...

Persistent link: https://www.econbiz.de/10014146860

The Real Options Effect of Uncertainty on Investment and Labor Demand

Bloom, Nicholas - 2014

rate of investment. This is proven for both the standard investment model with Cobb-Douglas production and Brownian motion … options and irreversibility, however, are shown to play an important role in the short run dynamics of investment and labor … demand. Specifically, they reduce the short run response of investment and hiring to current demand shocks, and lead to a …

Persistent link: https://www.econbiz.de/10014036567

A model of creative destruction with undiversifiable risk and optimal saving

Wälde, Klaus - 1997

Persistent link: https://www.econbiz.de/10000988328

Technology (and policy) shocks in models of endogenous growth

Jones, Larry E.; Manuelli, Rodolfo E.; Stacchetti, Ennio - 1999

Persistent link: https://www.econbiz.de/10001409880

Technology (and policy) shocks in models of endogenous growth

Jones, Larry E.; Manuelli, Rodolfo E.; Stacchetti, Ennio - 1999

Persistent link: https://www.econbiz.de/10001379609

A model of creative destruction with undiversifiable risk and optimising households

Wälde, Klaus - In: The economic journal : the journal of the Royal … 109 (1999), pp. 156-171

Persistent link: https://www.econbiz.de/10001381268

Endogenous technological change under uncertainty

Hek, Paul A. de - 2002

How does risk or uncertainty in the productivity of research affect the growth rate of the economy? To answer this question, a model of endogenous technological change is used where sustained growth stems from intentional investments in R&D from profit-maximizing firms. The uncertainty arises...

Persistent link: https://www.econbiz.de/10011326963

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