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Distribution & Growth in an Economy with Limited Needs

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2001

knowledge sector is bounded, as productivity increases, the economy moves from a ‘Solovian zone’ where wages increase with … their bliss point can only be made better off by an increase in diversity. If wages are set by monopoly unions rather than … always reduces employment in the material goods sector. International trade may reduce wages in poor countries and increase …

Persistent link: https://www.econbiz.de/10005124380

Mass Consumption, Exclusion and Unemployment

Foellmi, Reto; Zweimüller, Josef - C.E.P.R. Discussion Papers - 2006

and that underemployment could be "Keynesian" in the sense that it cannot be cured by downward-flexible real wages. (iii … redistribution is Pareto-improving. (iv) An exogenous increase in (minimum) real wages have a cost effect (that lets firms reduce …

Persistent link: https://www.econbiz.de/10005791388

Workers, Machines and Economic Growth

Zeira, Joseph - C.E.P.R. Discussion Papers - 1995

This paper models technology adoption as replacing workers by machines, which perform the same job in the production process. The paper shows that such modelling of technology adoption affects significantly the analysis of economic growth. This model can explain large and persistent...

Persistent link: https://www.econbiz.de/10005504740

Growth, Trade, and Inequality

Grossman, Gene; Helpman, Elhanan - C.E.P.R. Discussion Papers - 2014

We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ …

Persistent link: https://www.econbiz.de/10011083890

Privatization, Entry Regulation and the Decline of Labour's Share of GDP: A Cross-Country Analysis of the Network Industries

Azmat, Ghazala; Manning, Alan; Van Reenen, John - C.E.P.R. Discussion Papers - 2007

labour share, employment and wages respond to privatization and other regulatory changes. We exploit cross-country panel data …

Persistent link: https://www.econbiz.de/10005114490

Migration, the Quality of the Labour Force and Economic Inequality

Kahanec, Martin; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2008

efficient allocation of resources. Besides these effects on allocative efficiency, migrant flows affect relative wages and also …

Persistent link: https://www.econbiz.de/10005791628

A Theory of Defensive Skill-based Innovation and Globalization

Thoenig, Mathias; Verdier, Thierry - C.E.P.R. Discussion Papers - 2002

This Paper considers a dynamic model of innovations in which firms can endogenously bias the direction of technological change. Both in a North-North and North-South context, we show that, when globalization triggers an increased threat of technological leapfrogging or imitation, firms tend to...

Persistent link: https://www.econbiz.de/10005067552

The Evolution of Markets and the Revolution of Industry: A Quantitative Model of England's Development, 1300-2000

Desmet, Klaus; Parente, Stephen - C.E.P.R. Discussion Papers - 2009

must then become larger to break even, which facilitates amortizing the fixed costs of innovation. We demonstrate our …

Persistent link: https://www.econbiz.de/10005041097

Genes, Legitimacy and Hypergamy: Another Look at the Economics of Marriage

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2008

In order to credibly "sell" legitimate children to their spouse, women must forego more attractive mating opportunities. This paper derives the implications of this observation for the pattern of matching in marriage markets, the dynamics of human capital accumulation, and the evolution of the...

Persistent link: https://www.econbiz.de/10005123619

The Core-Periphery Model and Endogenous Growth

Baldwin, Richard; Forslid, Rikard - C.E.P.R. Discussion Papers - 1997

This paper presents a model in which long-run growth and industrial location are jointly endogenous. Specifically, it introduces Romer-Grossman-Helpman endogenous growth into Krugman’s core-periphery model with footloose labour. The paper focuses on stability of the symmetric equilibrium,...

Persistent link: https://www.econbiz.de/10005661988