Showing 1 - 10 of 346
Income drops permanently after an involuntary job displacement, but it has never been clear what happens to long-run wealth in the United States. This paper concludes that involuntary job displacement has large effects on wealth throughout a worker's lifetime. Upon displacement, wealth falls 14%...
Persistent link: https://www.econbiz.de/10015221727
The goal of this paper is to provide a bridge between the job displacement literature that uses long time panel data and similar work with a limited panel. This paper finds that a worker needs to replace 120% of their predisplacement income in the first two years after the event to avoid a...
Persistent link: https://www.econbiz.de/10015221729
How does the first job after involuntary displacement affect later income growth? Displaced workers replace 133% of their pre-displacement hourly income within two years of involuntary displacement on average but this is not enough to catch up to those of the same age and similar education....
Persistent link: https://www.econbiz.de/10015238224
This paper provides the modelling framework of the price formation block in the macro econometric Albanian model (MEAM). MEAM is constructed on neo-Keynesian theoretical principles, implying a vertical long-run aggregate supply curve with aggregate demand factors impacting supply in the...
Persistent link: https://www.econbiz.de/10015214111
This paper develops a dynamic general equilibrium (DGE) model to assess the impact of AI-driven automation on labor and capital allocation in an economy. The model considers the endogenous response of firms to task automation and labor substitution, showing how the increasing use of AI affects...
Persistent link: https://www.econbiz.de/10015214224
fact that higher income conferred two benefits to individuals: consumption benefits (in the sense of being able to afford … more, and better, goods and services) and status benefits (in the sense of enjoying superior status relative to one’s peers …). But what is not clear is the identity of comparator group for the purpose of deriving status benefits. This chapter uses a …
Persistent link: https://www.econbiz.de/10015214764
This chapter examines the existence of a gender gap in remuneration in a selection of sports before turning to differences in pay between men and women cricketers. Many sports now offer equal prize money for men and women in competitions; this works well when sports men and women are effectively...
Persistent link: https://www.econbiz.de/10015214797
Japan’s national hospital system, which consists of a combination of private, national, prefectural and metropolitan hospitals, is the largest employers of the of the doctors. The article provides details on the women doctors’ discontinuous workforce participation in the Japanese hospital...
Persistent link: https://www.econbiz.de/10015214848
We build a trade model with two countries located in different time zones, a monopolistically competitive sector in which production requires differentiated goods produced using day and night labor, and shift working disutility. Consumers choose between working at a day shift or a night shift...
Persistent link: https://www.econbiz.de/10015215618
In this article, the authors sought to study the efficiency of the staff costs and its reflection upon the main economic and financial indicators of a company. In the performed study, the application of the factor analysis models was made at the level of an industrial trading company the social...
Persistent link: https://www.econbiz.de/10015216036