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This paper contributes to the literature on institutions and economic growth by conducting an empirical examination on the links between innovation and institutions. Using cross-country data and the instrumental variable method, this study finds that institutional arrangements explain much of...
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Evidence of the importance of urban agglomeration and the offsetting effects of congestion are provided in a number of studies of productivity and wages. Little attention has been paid to this evidence in the economic growth literature, where the recent focus is on technological change. We...
Persistent link: https://www.econbiz.de/10008783808
Two fundamental issues have been ignored in the convergence debate which are addressed in this paper. First, there has been little attention paid to the development of a general model able to explain convergence a divergence. Second, in the rush to put data to a convergence hypothesis,...
Persistent link: https://www.econbiz.de/10008671830
type="main" <title type="main">Summary</title> <p>This study uses data from the March Supplement Current Population Survey (CPS) to examine the wage differential against gay men from 1995 to 2011 in the United States. A wage equation is estimated using the Heckman two-stage method, which addresses the sample selection bias...</p>
Persistent link: https://www.econbiz.de/10011037067
This is the first study of the effects of sexual orientation on labour supply. After discussing various reasons to expect that labour supply could differ by sexual orientation, the 2001 Current Population Survey is used to test for differences in both labour supply and labour market status...
Persistent link: https://www.econbiz.de/10005282766
Traditionally, classical theorists assume a constant conventional share of wages in gross output. This assumption, together with fixed proportions, creates endogenous growth via an 'AK' style model. Pasinetti explored this model when the wage is allowed to adjust to ensure full employment. We...
Persistent link: https://www.econbiz.de/10005554283