Showing 1 - 10 of 23,084
-Todaro model with an urban non-agricultural sector and rural agriculture. It is shown that capital accumulation or technical … progress in agriculture can shift the Lorenz curve inwards and reduce wage inequality, while the effects of development in non-agriculture …
Persistent link: https://www.econbiz.de/10014065901
knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
Persistent link: https://www.econbiz.de/10011401020
Persistent link: https://www.econbiz.de/10013423456
knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zoneʺ where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
Persistent link: https://www.econbiz.de/10001595502
knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
Persistent link: https://www.econbiz.de/10011398011
In recent decades, most developed countries have experienced a simultaneous increase in income inequality and management compensation. In this paper, we study the relation between management compensation and firm-level income dynamics in a general equilibrium model. Empirical estimation, of the...
Persistent link: https://www.econbiz.de/10003754931
Persistent link: https://www.econbiz.de/10003319286
This paper develops a two-sector general equilibrium model in which firms in the primary economy have to create workplaces prior to production and product market competition. For this, we introduce the endogenous sunk cost approach with two-stage decisions of firms from IO in the macro-labor...
Persistent link: https://www.econbiz.de/10011412017
Persistent link: https://www.econbiz.de/10001806385
knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … their bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than … always reduces employment in the material goods sector. International trade may reduce wages in poor countries and increase …
Persistent link: https://www.econbiz.de/10001572389