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Meritocracy across Countries
Bandiera, Oriana; Kotia, Ananya; Lindenlaub, Ilse; … - National Bureau of Economic Research - 2024
Are labor markets in higher-income countries more meritocratic, in the sense that worker-job matching is based on … the role of worker-job matching in development accounting, we build an equilibrium matching model that allows for cross … determine match feasibility; (ii) technology, which determines the returns to matching; and (iii) idiosyncratic matching …
Persistent link: https://www.econbiz.de/10014528414
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A Kaldor matching model of real wage declines
Sattinger, Michael - 2001
production determined by a matching process between workers and jobs. Macroeconomic equilibrium (national savings equal to …
Persistent link: https://www.econbiz.de/10011403982
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Skill shortages, labor reallocation, and growth
Hetze, Pascal - 2006
This paper explores the relationship between growth and unemployment. Knowledge formation is the source of growth, which includes the two dimensions technologies and skills. Both are connected through a technology-skill complementarity which may have limiting effects on the reallocation of labor...
Persistent link: https://www.econbiz.de/10003883979
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Economic Growth, Structural Change, and Search Unemployment
Zagler, Martin - 2013
Economic growth is driven by structural change. Structural change does not come without a cost, the most evident social cost being high and persistent unemployment. This paper develops an economy with an endogenously expanding service sector, where the constant flow of workers in and out of...
Persistent link: https://www.econbiz.de/10014142820
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A Kaldor Matching Model of Real Wage Declines
Sattinger, Michael - 2021
production determined by a matching process between workers and jobs. Macroeconomic equilibrium (national savings equal to … real wages relative to productivity. Unemployment Benefits, Efficient Taxation, Matching, Factor Prices …
Persistent link: https://www.econbiz.de/10013320773
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Inequality and Growth : The Dual Role of Human Capital in Development
Eicher, Theo S.; Garcia-Peñalosa, C. - 2021
To examine how human capital accumulation influences both economic growth and income inequality, we carefully endogenize the demand and supply of skills. We explicitly introduce the costs and externalities in education, and examine how both relate to learning-by-doing and R&D intensity.1 In...
Persistent link: https://www.econbiz.de/10013321167
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A Kaldor Matching Model of Real Wage Declines
Sattinger, Michael - 2001
production determined by a matching process between workers and jobs. Macroeconomic equilibrium (national savings equal to …
Persistent link: https://www.econbiz.de/10010262585
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Is there a policy of optimal wage and income differentiation? : a macroeconomic perspective
Sell, Friedrich L. - 2000
In this paper, we address the question of optimal wage and income dispersion in a growing economy. If already in the two-persons-case we have to deal with the fact of different marginal products of labor, there are two solutions in principle. Either two different wages are paid (at unanimous...
Persistent link: https://www.econbiz.de/10010508245
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Wage Inequality and the Contribution of Capital, Differential Labor Quality and Efficiency to Economic Growth in Korea, 1965-2007
Kwack, Sung Yeung - 2012
We show that skilled and unskilled labors are imperfect substitutes and that capital and skilled labor are complementary in production. The Korean economy has experienced skill-biased technical changes. The capital stock growth is found to be the main source of the economic growth. The...
Persistent link: https://www.econbiz.de/10013109245
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Inequality and growth : the dual role of human capital in development
Eicher, Theo S. - 2000
To examine how human capital accumulation influences both economic growth and income inequality, we carefully endogenize the demand and supply of skills. We explicitly introduce the costs and externalities in education, and examine how both relate to learning-by-doing and R&D intensity. In...
Persistent link: https://www.econbiz.de/10009781636