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This paper develops a model in which the interaction of entrepreneurial investments and power of the owners of land or other natural resources determines structural change and economic development. A more equal distribution of natural resources promotes structural change and growth through two...
Persistent link: https://www.econbiz.de/10010267484
We compare the empirical performance of unitary and collective labor supply models, using representative data from the Dutch DNB Household Survey. We conduct a nonparametric analysis that avoids the distortive impact of an erroneously specified functional form for the preferences and/or the...
Persistent link: https://www.econbiz.de/10010267486
This paper provides evidence for the existence of a wage curve - a micro-econometric association between the level of pay and the local unemployment rate - in modern U.S. data. Consistent with recent evidence from more than 40 other countries, the wage curve in the United States has a long-run...
Persistent link: https://www.econbiz.de/10010267487
We consider a labour market model of oligopsonistic wage competition and show that there is a holdup problem although …
Persistent link: https://www.econbiz.de/10010267488
We consider taxation by a utilitarian government in the presence of heterogeneous locations within a country. We show that a utilitarian government never equalizes after-tax incomes, even when it can impose group-specific lump-sum taxes. If migration is impossible, a utilitarian government may...
Persistent link: https://www.econbiz.de/10010267489
, in that they are more likely to postpone earlier plans for retirement. The theory and evidence suggest that optimal …
Persistent link: https://www.econbiz.de/10010267492
One of the predictions of the insider-outsider theory is that wages will be higher in sectors (firms) with high labor …
Persistent link: https://www.econbiz.de/10010267516
Explaining the evolution and maintenance of cooperation among unrelated individuals is one of the fundamental problems in biology and the social sciences. Recent experimental evidence suggests that altruistic punishment is an important mechanism to maintain cooperation among humans. In this...
Persistent link: https://www.econbiz.de/10010267536
Gender wage differentials, conditional on observed productivity characteristics, have been considered a possible indication of prejudice against women in the labor market. However, there is no conclusive evidence on whether these differentials are due to labor market discrimination or to...
Persistent link: https://www.econbiz.de/10010267552
This paper reports the results of a laboratory experiment on network formation among heterogeneous agents. The experimental design extends the basic Bala-Goyal (2000) model of network formation with decay and two-way flow of benefits by allowing for agents with lower linking costs or higher...
Persistent link: https://www.econbiz.de/10010267578