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Fiscal Policy and Labor Markets at Times of Public Debt

Bertola, Giuseppe - C.E.P.R. Discussion Papers - 2010

This paper explores the empirical relevance of public debt accumulation for labor market institutions and outcomes. In theory, since debt service obligations act as a constraint on policy choices, past debt accumulation and current interest rates should influence reform incentives and labor...

Persistent link: https://www.econbiz.de/10008684674

Reorganization of Firms and Labour Market Inequality

Lindbeck, Assar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1996

This paper explores the implications of the ongoing reorganization of firms for inequality in the labour market. We show how recent technological advances in physical and human capital can lead to the breakdown of occupational barriers, creating demands for new combinations of skills, and...

Persistent link: https://www.econbiz.de/10005789077

Controversies about the Rise in American Inequality: A Survey

Dew-Becker, Ian; Gordon, Robert J - C.E.P.R. Discussion Papers - 2008

This paper provides a comprehensive survey of seven aspects of rising inequality that are usually discussed separately: changes in labor’s share of income; inequality at the bottom of the income distribution, including labor mobility; skill-biased technical change; inequality among high incomes;...

Persistent link: https://www.econbiz.de/10005123580

The Dynamics of Exclusion and Fiscal Conservatism

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994

This paper studies the impact of income inequality on fiscal conservatism when an increase in inequality affects the bottom portion of income distribution. It is argued that, contrary to what is generally assumed in the economic literature, inequality will then be associated with less, rather...

Persistent link: https://www.econbiz.de/10005136638

The Role of Rents to Human Capital in Economic Development

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994

In an overlapping generations model, rents to human capital play a key role in increasing savings. In the absence of such rents, the return to human capital is entirely appropriated by the old and accumulation is entirely determined by the income to fixed factors. If rents are introduced by...

Persistent link: https://www.econbiz.de/10005662008

Heterogeneity, Stratification and Growth

Bénabou, Roland - C.E.P.R. Discussion Papers - 1993

-wide linkages (complementary skills, knowledge spillovers). It compares growth and welfare when families are stratified into …

Persistent link: https://www.econbiz.de/10005666953

The Two Faces of Knowledge Diffusion: the Chilean Case

Morone, Piergiuseppe - EconWPA - 2002

This paper analyses the dynamics of return to knowledge where knowledge is acquired through the combination of … interactive and individual learning. We suggest that in light of this new definition of knowledge, choosing the optimal level of …

Persistent link: https://www.econbiz.de/10005408325

Productivity Spillovers Through Labor Mobility

Heggedal, Tom-Reiel; Moen, Espen R; Preugschat, Edgar - C.E.P.R. Discussion Papers - 2014

imitate by hiring a worker from a firm that has already innovated. We show that if innovation firms can commit to long … contracts, there is too little innovation and too much imitation in equilibrium. Our model is tractable and allows us to analyze … welfare effects of various policies in the limited commitment case. We find that subsidizing innovation and taxing imitation …

Persistent link: https://www.econbiz.de/10011171780

Innovation and spatial inequality in Europe and USA

Lee, Neil; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2012

Innovation is a crucial driver of urban and regional economic success. Innovative cities and regions tend to grow … small body of innovators gain relative to others, innovation may lead to inequality. The evidence on this point is … first comparative evidence on the link between innovation and inequality in a continental perspective. Using micro data from …

Persistent link: https://www.econbiz.de/10011083831

Innovation Beyond Patents: Technological Complexity as a Protection against Imitation

Henry, Emeric; Ruiz-Aliseda, Francisco - C.E.P.R. Discussion Papers - 2012

A large portion of innovators do not patent their inventions. This is a relative puzzle since innovators are often perceived to be at the mercy of imitators in the absence of legal protection. In practice, innovators however invest actively in making their products technologically hard to...

Persistent link: https://www.econbiz.de/10011084053