Showing 1 - 7 of 7
considered here rests on the view that IT makes the acquisition of knowledge cheaper, which intensifies competition among workers … specialized in knowledge production. Those who lose in such competition end up displaced to occupations with a lower knowledge … inequality. The least skilled do not participate in this competition, as they are not specialized in knowledge production; they …
Persistent link: https://www.econbiz.de/10010262486
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment are much lower in Europe compared to North America, while employment-to-employment flows are similar in the two continents. In the model, firms use discretion in terms of whom...
Persistent link: https://www.econbiz.de/10010262352
distorts occupational choice. We study this possibility in the context of a model with horizontal innovation, where the …
Persistent link: https://www.econbiz.de/10010262329
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10010262477
satiation. This, despite that the social costs of innovation are second order compared to their social benefits. Multiple … savings reduces interest rates, which boosts the rate of innovation. When TFP grows exogenously and labor supply is …
Persistent link: https://www.econbiz.de/10011744591
This paper analyses the evolution of quantitative measures of employee rents in Europe during the nineties, using the European Household Panel Survey. One looks at two class of measures: wage differentials between workers along industry and firm size dimensions, and estimated welfare differences...
Persistent link: https://www.econbiz.de/10010261830
, there exists a class of workers in the West who are harmed because they face competition from Eastern workers and cannot …
Persistent link: https://www.econbiz.de/10010267407