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Global aging and fiscal policy with international labor mobility: a political economy perspective

Tosun, Mehmet Serkan - 2009

This paper uses an overlapping generations model with international labor mobility and a politically responsive fiscal policy to examine aging in developed and developing regions. Migrant workers change the political structure composed of young and elderly voters in both labor-receiving and...

Persistent link: https://www.econbiz.de/10010269040

Offshoring and unemployment: the role of search frictions and labor mobility

Mitra, Devashish; Ranjan, Priya - 2009

In a two-sector, general-equilibrium model with labor-market search frictions, we find that wage increases and sectoral unemployment decreases upon offshoring in the presence of perfect intersectoral labor mobility. If, as a result, labor moves to the sector with the lower (or equal) vacancy...

Persistent link: https://www.econbiz.de/10010269045

A martingale representation for matching estimators

Abadie, Alberto; Imbens, Guido W. - 2009

matching estimators. As an illustration of the applicability of the theory, we derive the asymptotic distribution of a matching …

Persistent link: https://www.econbiz.de/10010269062

Life expectancy and economic growth: the role of the demographic transition

Cervellati, Matteo; Sunde, Uwe - 2009

the role of the econometric specification. We present a simple theory of the economic and demographic transition where … individuals' education and fertility decisions depend on their life expectancy. The theory predicts that before the demographic …

Persistent link: https://www.econbiz.de/10010269079

Supply theory sans profit-maximization

Dasgupta, Indraneel - 2009

predictive content of the traditional theory of competitive supply. A number of key results in the deterministic theory follow as … predictive content of the classical theory of competitive firm behavior from its a priori roots in profit maximization, while … subsuming the traditional theory as a special case. …

Persistent link: https://www.econbiz.de/10010269089

Employment and exchange rates: the role of openness and technology

Alexandre, Fernando; Bação, Pedro; Cerejeira, João; … - 2009

. Economic theory suggests that the impact of exchange rates should vary with the degree of exposure to international competition …

Persistent link: https://www.econbiz.de/10010269093

Do targeted hiring subsidies and profiling techniques reduce unemployment?

Jahn, Elke J.; Wagner, Thomas - 2008

To reduce unemployment targeted hiring subsidies for long-term unemployed are often recommended. To explore their effect on employment and wages, we devise a model with two types of unemployed and two methods of search, a public employment service (PES) and random search. The eligibility of a...

Persistent link: https://www.econbiz.de/10010269101

Imposing economic constraints in nonparametric regression: survey, implementation and extension

Henderson, Daniel J.; Parmeter, Christopher F. - 2009

Economic conditions such as convexity, homogeneity, homotheticity, and monotonicity are all important assumptions or consequences of assumptions of economic functionals to be estimated. Recent research has seen a renewed interest in imposing constraints in nonparametric regression. We survey the...

Persistent link: https://www.econbiz.de/10010269107

Efficiency in a search and matching model with endogenous participation

Albrecht, James; Navarro, Lucas; Vroman, Susan - 2009

We show that in a search/matching model with endogenous participation in which workers are heterogeneous with respect to market productivity, satisfying the Hosios rule leads to excessive vacancy creation. The reason is that the marginal worker does not internalize the effect of his or her...

Persistent link: https://www.econbiz.de/10010269110

A model of overconfidence

Weinberg, Bruce A. - 2009

People use information about their ability to choose tasks. If more challenging tasks provide more accurate information about ability, people who care about and who are risk averse over their perception of their own ability will choose tasks that are not sufficiently challenging. Overestimation...

Persistent link: https://www.econbiz.de/10010269111