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Wage inequality in the United States has increased in the past two decades, and most researchers suspect that the main causes are changes in technology, international competition, and factor supplies. The relative importance of these causes in explaining wage inequality is important for policy...
Persistent link: https://www.econbiz.de/10012708319
We propose a theory of how market power affects wage inequality. We ask how goods and labor market power jointly affect the level of wages, the Skill Premium, and wage inequality. We then use detailed microdata from the US Census between 1997 and 2016 to estimate the parameters of labor supply,...
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This paper delves into geographical agglomeration patterns of economic activities focusing on the connection between … these agglomeration tendencies and sectoral patterns of innovative activities. Within a broad evolutionary perspective, we … investigate the systematic nature of spatial distributions, the relationship between agglomeration drivers and technological …
Persistent link: https://www.econbiz.de/10014500969
) agglomeration economies and (negative) environmentalexternalities. Based on a simplified representation of a linear urban economy … simulations. The model includes a spacious industrial centrein which agglomeration externalities are differentiated over space …
Persistent link: https://www.econbiz.de/10011325663
that boost agglomeration forces and innovation, fostering further concentration of economic activities. For historic …-offs between agglomeration economies and increasing climate-induced hazards, we develop an evolutionary agent-based model with …-reinforcing and path-dependent agglomeration processes. We then introduce five scenarios considering flood hazards characterized by …
Persistent link: https://www.econbiz.de/10012695125
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We review the theoretical links between growth and agglomeration. Growth, in the form of innovation, can be at the … origin of catastrophic spatial agglomeration in a cumulative process la Myrdal. One of the surprising features of the Krugman … trade model with trade costs could lead to catastrophic agglomeration. The growth analog to this result is that the …
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