We re-estimate the World Technology Frontier (WTF) non-parametrically, using the Data Envelopment Analysis method, with a dataset covering both OECD country-level and US state-level data on GDP per worker and the stocks of physical capital, unskilled labor, and skilled labor. The WTF 2000 is...

We develop an alternative novel method of introducing real wage rigidity into an otherwise standard search and matching model. Wages are constantly renegotiated through Nash wage bargaining, however negotiations are based on imperfect information regarding the productivity level and consequently...

The aim of this paper is to explore three issues relating to the financial dimension of female labour market outcomes. Firstly we analyze the gender pay differentials, adding to the existing literature an age - and distribution specific gender pay gaps. Next, we investigate the wage returns...

We propose a novel mechanism giving rise to poverty traps and multiple equilibria in economic performance. It is a potentially important source of persistent underdevelopment across countries and regions. At the core of this mechanism, bridging social capital and social trust feed back on each...

This paper discusses conditions for aggregation of heterogeneous expectations in a new-keynesian economy. I show that aggregation result depends on the way agents form cross-expectations, i.e. expectations on other agents’ decision variables, and I determine a maximal class of...

This paper decomposes productivity growth across highly developed OECD countries in the period 1972-2000 into components attributable to domestic R&D output, a catchup effect, and international technology diffusion via imports of hi-tech products. Two alternative specifications of...

In this edition we address the issue of work across the lifespan which, in the face of the ongoing demographic changes and population ageing, is a key problem for the future of Poland and Europe. We discuss the impact of demographic changes on the labour market and examine what policy...

The report ‘Employment in Poland 2009 – Entrepreneurship for Work’ is the fi fth edition of the Employment in Poland series, a thorough study of the most significant processes occurring in the Polish and European labour markets. We hope that, as with previous editions, it will be an...

This report consists of four parts. In the first part, we look at the Polish economy from the macroeconomic point of view and analyse the labour markets in eight – out of ten – states which joined the European Union in May 2004. In this venture, we focus on identifying those aggregate...

This edition of Employment in Poland is devoted to the analysis of the impact of the 2007-2009 global financial crisis (the so called Great Recession) on the labour market, and of the public finance and public debt crisis, which constitutes the direct consequence of a recession in some of the...