Showing 1 - 10 of 211
In this paper we entertain the hypothesis that observed variations in income shares are the result of changes in the balance of power between workers and capital owners in labor relations. We show that this view implies that income share variations represent a risk factor of ¯rst-order...
Persistent link: https://www.econbiz.de/10005518823
In this chapter we entertain the hypothesis that observed variations in income shares are the result of changes in the balance of power between workers and capital owners in labor relations. We show that this view implies that income share variations represent a risk factor of first-order...
Persistent link: https://www.econbiz.de/10012714661
In this chapter we entertain the hypothesis that observed variations in income shares are the result of changes in the balance of power between workers and capital owners in labor relations. We show that this view implies that income share variations represent a risk factor of first-order...
Persistent link: https://www.econbiz.de/10012757039
In this paper we entertain the hypothesis that observed variations in income shares are the result of changes in the balance of power between workers and capital owners in labour relations. We show that this view implies that income share variations represent a risk factor of first-order...
Persistent link: https://www.econbiz.de/10005791891
Persistent link: https://www.econbiz.de/10004315386
Persistent link: https://www.econbiz.de/10004371504
The objective of this paper is to provide, in the context of a dynamic general equilibrium model, an answer to the following five questions: 1. To what extent does an economy subject to regular variations in labor productivity growth differ from one where labor productivity is constant? 2.What...
Persistent link: https://www.econbiz.de/10005518808
Persistent link: https://www.econbiz.de/10005518827
Persistent link: https://www.econbiz.de/10005518830
We discuss the extent to which the expectation of a rare event, not present in the usual postwar sample data, but not rationally excludable from the set of possibilities - the peso problem -, can effect the equilibrium behavior of rational agents and the characteristics of market equilibrium. To...
Persistent link: https://www.econbiz.de/10005518856