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Communication Technology) reduce the labor share in OECD countries by improving the monitoring technology. In a first step, I show … and foreign work, but also through to lowering rents of workers as monitoring technology improves …
Persistent link: https://www.econbiz.de/10013119033
theoretically and empirically two mechanisms: the substitution between Information Communication Technology (ICT) and labour and the …
Persistent link: https://www.econbiz.de/10011719015
This paper studies two formal models of long run growth with a medium-run distributive cycle, both of which feature causal links from the rise in inequality to a deterioration of long run macroeconomic performance. Both versions feature an endogenous income-capital ratio: one through the...
Persistent link: https://www.econbiz.de/10014327602
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Mobile workers involve flows of labor and human capital and contribute to a more efficient allocation of resources. However, migration also changes relative wages, alters the distribution of skills and affects equality in the receiving society. The paper suggests that skilled immigration...
Persistent link: https://www.econbiz.de/10010361361
In this chapter, we analyze immigration and its effect on urban and regional economies focusing on productivity and labor markets. While immigration policies are typically national, the effects of international migrants are often more easily identified on local economies. The reason is that...
Persistent link: https://www.econbiz.de/10014025309
especially examines how immigration affects the technology choice of firms and, thereby, the technological alignment of the host … shown that low-skilled immigration encourages firms to invest more in a basic technology, which leads to a deterioration of … the technology level in the whole economy. It can be further shown that policies, which improve the access of already …
Persistent link: https://www.econbiz.de/10011710323
New economic geography focuses on the impact of falling transport costs on the spatial distribution of activities. However, it disregards the role of technological innovations, which are central to modern economic growth, as well as the role of migration costs, which are a strong impediment to...
Persistent link: https://www.econbiz.de/10011499913
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