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Doepke, Matthias - 2016

Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is...

Persistent link: https://www.econbiz.de/10012996540

Modern Infectious Diseases : Macroeconomic Impacts and Policy Responses

Bloom, David E. - 2020

We discuss and review literature on the macroeconomic effects of epidemics and pandemics since the late 20th century. First, we cover the role of health in driving economic growth and well-being and discuss standard frameworks for assessing the economic burden of infectious diseases. Second, we...

Persistent link: https://www.econbiz.de/10012824432

Add-On Pricing, Naive Consumers, and the Hidden Welfare Costs of Education

Kosfeld, Michael - 2011

Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...

Persistent link: https://www.econbiz.de/10013118774

Employment Outcomes and the Interaction between Product and Labor Market Deregulation : Are They Substitutes or Complements?

Fiori, Giuseppe - 2007

labor market regulation is high. Moreover, there is evidence in our sample that product market deregulation promotes labor …

Persistent link: https://www.econbiz.de/10012777020

Regulatory Barriers and Entry in Developing Economies

Bennett, John - 2006

We model entry by entrepreneurs into new markets in developing economies with regulatory barriers in the form of licence fees and bureaucratic delay. Because laissez faire leads to quot;excessivequot; entry, a licence fee can increase welfare by discouraging entry. However, in the presence of a...

Persistent link: https://www.econbiz.de/10012779967

Productivity and the Welfare of Nations

Basu, Susanto - 2012

total factor productivity and by the capital stock per capita. These variables suffice to calculate welfare changes within a … the degree of market competition. It applies to open economies as well, if total factor productivity is constructed using … productivity be constructed with prices and quantities as perceived by consumers, not firms. Thus, factor shares need to be …

Persistent link: https://www.econbiz.de/10013107706

Productivity, Welfare and Reallocation : Theory and Firm-Level Evidence

Basu, Susanto - 2009

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility … respectively technical change, aggregate distortions and allocative efficiency. Then, using the appropriate firm-level data, we …

Persistent link: https://www.econbiz.de/10013153299

ICT Adoption and Productivity in Developing Countries : New Firm Level Evidence from Brazil and India

Basant, Rakesh - 2015

education. The econometric evidence documents a strong relationship between ICT capital and productivity in both countries, even …

Persistent link: https://www.econbiz.de/10012750467

Origins and Consequences of Child Labor Restrictions : A Macroeconomic Perspective

Doepke, Matthias; Krueger, Dirk - 2021

We investigate the positive and normative consequences of child-labor restrictions for economic aggregates and welfare. We argue that even though the laissez-faire outcome may be inefficient, there are usually better policies to cure these inefficiencies than the imposition of a child-labor ban....

Persistent link: https://www.econbiz.de/10013324863

Distortions, Endogenous Managerial Skills and Productivity Differences

Bhattacharya, Dhritiman - 2011

with the size of production units. These distortions lead to sharp reductions in plant productivity and the fraction of …

Persistent link: https://www.econbiz.de/10013120407