We provide a comparative cross-country analysis of individual age-wage proles for different health statuses. Using semi-parametric regressions run on EU-SILC data we aim at answering the question on the relationship b etween individual health and pro ductivity and its changes in the life cycle,...

We assess the macroeconomic impact on Polish economy of the diversified package of about 120 different GHG mitigation levers, which were identified in the bottom-up sectoral analysis. For this purpose, we constructed a large scale, multi-sector dynamic stochastic general equilibrium (DSGE) model...

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...

Development and maintaining skills in a life course through various lifelong learning activities is crucial to sustain employability, particularly in the context of longer working lives and more competitive economic environment. In the paper we investigate the determinants and obstacles in...

In this paper we utilize an open economy DSGE model to analyse factors behind the Great Recession and its transmission into labour markets of selected Southern European countries. We introduce a number of shocks which form potential sources of macroeconomic disturbances, in particular: foreign...