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Persistent link: https://www.econbiz.de/10000997733
We develop an assignment model of automation. Each of a continuum of tasks of variable complexity is assigned to either capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of intermediate complexity are assigned to capital. Interior...
Persistent link: https://www.econbiz.de/10014496402
We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higherorder risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...
Persistent link: https://www.econbiz.de/10012182809
We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...
Persistent link: https://www.econbiz.de/10012215285
The empirical literature on the impact of unions on wages has stressed two major conclusions. Firstly, unionised workers earn a wage premium when compared to comparable nonunionised workers. Secondly, the dispersion of wages within the union sector is lower than in the nonunion sector. We...
Persistent link: https://www.econbiz.de/10011529516
The paper extends the methodological toolbox of measures of industrial concentration and regional specialization. First, a taxonomy is proposed which gives rise to a modular construction system for disproportionality measures based on three characteristic features: the projection function, the...
Persistent link: https://www.econbiz.de/10003320757
Persistent link: https://www.econbiz.de/10001532849
In this paper, we propose to use the so-called Sen-Shorrocks poverty index (Shorrocks, 1995) to measure …, the most common case in the literature, and introduce a rank-dependent multidimensional poverty index for multiple binary … indicators using a counting approach. The resulting multidimensional deprivation index, or MDI for short, also has a nice …
Persistent link: https://www.econbiz.de/10012601360
Persistent link: https://www.econbiz.de/10012697167
discrepancy between absolute and relative measures. It shows that the difference between an absolute and a relative Theil index of … ; Theil index …
Persistent link: https://www.econbiz.de/10008699611