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We discuss long-run growth in an economy which is subject to aggregate productivity shocks affecting all factors of production. We demonstrate that the presence of labor income risk unambiguously is an important determinant of long-run expected growth. The issue of dynamic inefficiency of the...
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elasticity of the migrant labor supply that we take to the data using the evolution of the numbers and wages of temporary … overseas Filipino workers between 1992 and 2009 to different destinations. We find that the migrant labor supply elasticity can …
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In order to learn more about the wage elasticity of the teacher supply in Switzerland, this paper estimates wages for …-1999. The data allows us to estimate the wage elasticity for entry wages of upper secondary school teachers. In the cases … examined, the wage differential is highly significant and shows a wage elasticity for the teacher supply of 0.12% to 0 …
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