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analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My results suggest … equilibrium is not efficient as firms fail to internalize the effect of their individual labor allocation on aggregate growth …
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Social preferences for the punishment of free riders are critical for generating cooperative behavior in human society. Focusing on the receiving fees of Japan's public broadcaster, this study analyses how punishment of free riders, that is, the strengthening of legal responses against them,...
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This paper provides evidence that labor reallocation from the manufacturing into the non-manufacturing sector causes an increase in sorting of high-skilled (low-skilled) workers into high-paying (low-paying) firms and thereby triggers a rise in wage inequality. I use data on 50% of all West...
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Regional allocation of public investment has been considered of a great interest over the years. Regional policy uses … investments as a basic developmental tool and it seeks for an effective allocation among the regions. In addition, national … national product. Therefore, an effective allocation by the central government is of a great significance. In addition …
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