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Job polarization and structural change : conference paper

Bárány, Zsófia L.; Siegel, Christian - 2014

Job polarization is a widely documented phenomenon in developed countries since the 1980s: employment has been shifting from middle to low- and high-income workers, while average wage growth has been slower for middle-income workers than at both extremes. We document 1) that polarization has...

Persistent link: https://www.econbiz.de/10010482521

Ownership Structure, Income Distribution, and Competitive Equilibrium: A Theory of Business Cycles, Human Capital, and Asset Returns

Dai, Quiang - 2000

In this paper, I present a theory of dynamic economic growth, business cycles, and asset pricing that integrates (1) Marx's idea (and emphasized by Klein) of a two-class heterogeneity of the ownership structure of physical capital and human capital in a capitalist society, (2) Keynes' idea of...

Persistent link: https://www.econbiz.de/10005846603

Sustainable Public Debt and Economic Growth Under Wage Rigidity

Greiner, Alfred - 2012

We analyze effects of public debt on economic growth in a basic endogenous growth model with persistent unemployment …

Persistent link: https://www.econbiz.de/10013113730

A Two-Sector Model of Endogenous Growth with Leisure Externalities

Azariadis, Costas - 2012

This paper considers the impact of leisure preference and leisure externalities on growth and labor supply in a Lucas [12] type model, as in Gómez [7], with a separable non‐homothetic utility and the assumption that physical and human capital are both necessary inputs in both the goods and...

Persistent link: https://www.econbiz.de/10013098937

The Agricultural Productivity Gap

Gollin, Douglas - 2013

According to national accounts data, value added per worker is much higher in the non-agricultural sector than in agriculture in the typical country, and particularly so in developing countries. Taken at face value, this "agricultural productivity gap'' suggests that labor is greatly...

Persistent link: https://www.econbiz.de/10013091770

Employment and Growth in Europe and the US - The Role of Fiscal Policy Composition

Dhont, Tine - 2010

We construct a simple endogenous growth model to analyse the relationship between the composition of fiscal policy, economic growth and employment. The government sets different tax rates on labour income, capital income, and private consumption to finance productive expenditures,...

Persistent link: https://www.econbiz.de/10013152348

The Balassa-Samuelson Hypothesis and Elderly Migration

Zuleta, Hernando - 2009

We present an Overlapping Generations Model with two final goods: tradable goods are produced with a standard Cobb-Douglas production function and non-tradable goods are produced with linear production function where the only factor is labor. We maintain the fundamental assumption of factor...

Persistent link: https://www.econbiz.de/10013154931

The Politico-Economic Dynamics of China’s Growth

Wang, Yikai - 2020

China's rapid growth has been driven by policy reforms that significantly reduce market frictions. Policy reforms are determined by the government according to its own politico-economic considerations. This paper embeds these politico-economic considerations in a macro model of China to...

Persistent link: https://www.econbiz.de/10012837245

A Numerical Approach to Fiscal Policy, Unemployment and Growth in Europe

Daveri, Francesco - 2008

-horizon model with endogenous growth due to learning-by-doing and unemployment due to monopoly union bargaining in the labor market …. In this framework, high labor and capital taxes and unemployment subsidies may in principle reduce employment and growth … that, in the absence of binding revenue constraints, reducing labor taxes and unemployment subsidies is beneficial to both …

Persistent link: https://www.econbiz.de/10012728333

Growth or Stagnation : Economic Consequences of Status Preference

Ono, Yoshiyasu - 2006

Using a dynamic optimization model with status preference this paper shows that depending on the object of people's status preference an economy exhibits a completely opposite performance; permanent growth or persistent stagnation. If the object is a producible asset (viz. real capital), new...

Persistent link: https://www.econbiz.de/10012733756