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a fall in their asset income by saving more out of their labor income, dollar-for-dollar. In the wake of the crisis, our …
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The paper provides an alternative explanation for the "resource curse" based on the income effect resulting from high … resource sector revenues in the future. This income channel of the resource curse is stronger for countries with lower degrees …
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This paper evaluates a microsimulation technique by comparing the simulated outcome of a program with its actual effect. The ex ante evaluation is carried out for a conditional cash transfer program, where poor households were given money if the children attended school. A model of occupational...
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This paper develops a general equilibrium model with unemployment and noncooperative wage determination to analyze the importance of incomplete markets when risk-averse agents are subject to idiosyncratic employment shocks. A version of the model calibrated to the U.S. shows that market...
Persistent link: https://www.econbiz.de/10008528693
It is widely agreed that conflict or consensus on macroeconomic distribution of income between firms and wage … Keynesian features : importance of the expectation by firms and of the distribution of income for the determination of … other hand satisfied to the extent that the effective labor relative income share is equal or greater than the desired one …
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