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A new strand of literature has recently sought to investigate possible links between technological changes, observed modifications to firms' organizational structure and the evolution of the wage gap between skilled and unskilled workers. After a brief overview of such approaches, this essay...
Persistent link: https://www.econbiz.de/10009471673
ofinternational trade theory. Focusing on general equilibrium frameworks stems from the insight that economicinternationalisation in … market issues established by human capital theory with the general equilibrium-leddebate on trade and the functional … ofinternational trade theory. Focusing on general equilibrium frameworks stems from the insight that economicinternationalisation in …
Persistent link: https://www.econbiz.de/10009471731
Equity markets in developing and emerging economies have grown in number and importance as a result of financial market globalisation. However, their role in economic growth and development is enhanced if nascent markets are integrated with well-established ones. Market integration, measured by...
Persistent link: https://www.econbiz.de/10009480491
This paper attempts to provide alternative estimates of income distribution in South Africa, utilizing data that allow us to evaluate income, distribution across time, reducing dependence on the vagaries associated with individual surveys. In particular, we attempt to arrive at racial...
Persistent link: https://www.econbiz.de/10009480492
"We develop an evolutionary game theory model for a limited access common pool resource. With full disclosure of …
Persistent link: https://www.econbiz.de/10009468354
In this dissertation, I examine individual decisions in occupational choice, labor supply, and health care utilization. Occupational choice decisions of female college graduates on whether to teach or not are analyzed to understand the role of fertility and relative wages using a panel...
Persistent link: https://www.econbiz.de/10009464916
Most policy regarding tertiary training choice is based on the presumption that human capital theory is the most … behavioural intentions and Kelly’s personal construct theory both provide useful predictors of the different choice possibilities … better than by chance or by human capital theory. This is even when the participants have very similar demographic …
Persistent link: https://www.econbiz.de/10009448525
We develop a framework to study the effects of policies of uncertain duration onconsumption dynamics under both complete and incomplete markets. We focus on the dynamicimplications of market incompleteness, specifically on the lack of state-contingent bonds. Twopolicies are considered: pure...
Persistent link: https://www.econbiz.de/10009450564
We postulate a nonlinear DSGE model with a financial sector and heterogeneous households. In our model, the interaction between the supply of bonds by the financial sector and the precautionary demand for bonds by households produces significant endogenous aggregate risk. This risk induces an...
Persistent link: https://www.econbiz.de/10012524850
We study the link between culturally inherited household structure and wealth distribution in international comparisons using household data for the US and Spain (the SCF and the EFF). We estimate counterfactual US distributions relying on the Spanish household structure. Our results show that...
Persistent link: https://www.econbiz.de/10012529955