In this article we assume two levels of skills and two classes of goods, one produced with a technology requiring high skills, the other produced with a technology that can be operated by both low and high skilled workers. Our model generates two distinct labour market regimes. In one regime we...

In analysing the impact of education on wage differentials and wage growth, we use next to personal characteristics (e.g. education) also job characteristics (e.g. skills required) to explain wages. We estimate wage equations on individual data for the Netherlands, 1986 – 1998. It turns out...

A transition to a new technological regime is complete (and stable) when accompanied with a co-stabilization between the mode of regulation and the regime of accumulation. Key to understanding the dynamics of transitions are the factors, including institutions, that “regulate” and stabilize...

The simplest rationale for the existence of a publicly funded university is that it provides some form of public good. If all the outputs of a university were privately owned, and privately appropriable, there would be no need for public funding. Either firms would fund the research and training...

This paper investigates the comparability of the 1999 Canadian Survey of Innovation with the European Community Innovation Surveys for 1997/1998 (CIS2). Four European countries are compared to Canada: France, Germany, Ireland, and Spain. Differences in terms of design and implementation of the...

Mexico and Argentina in the 1990s as well as Weimar Germany in the 1920s implemented similar exchange-rate-based stabilization programs which were successful in stopping inflation, but failed to generate the domestic savings and investment rates necessary for a sustainable growth path. It is...

We consider the problem between an employer and a research employee who has not finished a research project in time because of a lack of an innovative idea. The research project yields money in case of finishing it. The decision to be made is whether or not the researcher gets a contract...

Internet, the fastest growing communications medium or consumer electronic technology, doubles its size every six months. Within a few years the number of citizens in Cyberspace will outnumber all but the largest nations. The borderless world of the Internet extends its reach to all corners of...

This paper has three objectives. First, it seeks to set an agenda in which technologicalsuccessions can be meaningfully discussed. Second, it aims to establish the necessaryconditions under which a technological succession may occur. Third, in establishing thisset of conditions, the paper...

In this paper we study a society in which individuals gain utility from income and from social approbation. Income is correlated with class. Approbation is given to an unobservable trait, which must be signalled through the agent’s social mobility, i.e. class change. Mobility is driven by a...