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Borjas (1987, 1991 and 1994) developed the self-selection theory, applying Roy's model (1951) to migration studies. He … the individual investment decision theory (Human Capital theory), applying simulated data by Monte-Carlo method. The … theory of individual investment decisions allows us to analyze self-selection patterns across differences in wages and …
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While there is a wealth of literature dealing with the spatial nature of knowledge and its transferral, I argue that the underlying mechanisms have not been sufficiently understood. Existing research relating the geography of inflows to firm productivity does not adequately address firm and...
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I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and nonlinear hiring costs to analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My results suggest that an upward shift in employment, triggered for...
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workers and therefore to higher wages, or so the often cited rent-sharing theory of multinational firms explains. But studies …
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