This paper sheds light on the microfoundations of reduced-form returns to education. Specifically, we ask: are more advanced higher education degrees associated with increased earnings within employers or higher average pay across employers? And to the extent that sorting across firms matters,...

This article tests the existence of credit constraints on higher education access by estimating actual marginal returns in the context of unobserved heterogeneity. We estimate higher education returns for those who attend to it and compare them with those of individuals who are at the margin of...

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...

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...

The link between income and happiness is often explained by the Easterlin paradox: income and happiness in a country are positively related at a point in time but unrelated, over time. So, at any point in time, money did buy happiness but, over time, the level of happiness in a country did not...

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...

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...

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...

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...

The agriculture sector is the predominant employer of the active workforce in Ghana. Among this workforce, women constitute majority which invariable imply their role cannot be overemphasized. This study therefore examines how the socioeconomic characteristics of women affects local economic...