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We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...
Persistent link: https://www.econbiz.de/10011378332
The paper uses a regional Computable General Equilibrium (CGE) model to analyse the effects of immigration on three small remote EU regions located within Scotland, Greece and Latvia. Two migration scenarios are assessed. In the first, total labour supply is affected. In the second, the...
Persistent link: https://www.econbiz.de/10013153012
, international competition, and factor supplies. Our empirical model estimates the general equilibrium relationship between wages and … technology, prices, and factor supplies. The model is based on the neoclassical theory of production, and is implemented by …
Persistent link: https://www.econbiz.de/10013249551
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/10013324993
Persistent link: https://www.econbiz.de/10009304259
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
, international competition, and factor supplies. Our empirical model estimates the general equilibrium relationship between wages and … technology, prices, and factor supplies. The model is based on the neoclassical theory of production, and is implemented by …
Persistent link: https://www.econbiz.de/10012471819
has directly estimated the joint impact of these different causes. In this paper, we view wages as arising out of a … specify an empirical model which allows us to estimate the general equilibrium relationship between wages and technology …, prices, and factor supplies. The model is based on the neoclassical theory of production and is implemented by assuming that …
Persistent link: https://www.econbiz.de/10012708319
Persistent link: https://www.econbiz.de/10012498970
underestimate wages elsewhere. We document this anchoring bias by eliciting workers' beliefs in a representative survey in Germany …-wage firms, would not be viable at current wages. …
Persistent link: https://www.econbiz.de/10012801411