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Books reviewed in this article: K. Hoover, Casuality in Macroeconomics Jason Potts, The New Evolutionary Microeconomics: Complexity, Competence and Adaptive Behaviour Stephen Dobson and John Goddard, The Economics of Football Hazel Bateman, Geoffrey Kingston and John Piggott, Forced Saving:...
Persistent link: https://www.econbiz.de/10014084376
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Parents care about their children, spend resources on educating them and bequeath them some physical and/or human capital. Here we argue that the actions of the parents have an influence, not only on the productive possibilities open to the children (through the capital they inherit) but also on...
Persistent link: https://www.econbiz.de/10013057776
We present a model where the probability distribution over the space of an agent's achievements depends not only on her ability and effort, but also on the goals set for her. The agent chooses her effort according to her utility net of perceived cost of effort. This cost is inversely...
Persistent link: https://www.econbiz.de/10014209537
In a 2-country monetary union, this paper studies a Stackelberg game be- tween the Central Banker and two symmetrical countries. The central banker chooses the money supply. In each country, there is a union who acts as a monopoly of labor supply. Firms are wage and price takers. We analyze the...
Persistent link: https://www.econbiz.de/10015238965
In a 2-country and 3-period OLG model with education, we study the impact on international migration of the two sided characteristics of borders. Individuals must first "leave" their home country before "entering" the destination country. Indeed, each social planner chooses the static welfare...
Persistent link: https://www.econbiz.de/10011586032
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Search models with wage posting and match-specific heterogeneity generate wage dispersion. Given K values for the match-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are posted in equilibrium. What is unknown...
Persistent link: https://www.econbiz.de/10014588420
This paper presents a two-country migration model, following Galor (1986), in which the world population consists of two types individuals. Individuals with a high (low) degree of altruism give to their children a high (low) level of bequest. Production uses three inputs: immobile land, mobile...
Persistent link: https://www.econbiz.de/10005395912
This paper investigates the effect of altruism on the pattern of labour migration in a two-country overlapping generations model. We show that differences in degrees of altruism across countries lead to bilateral migration flows. Starting from the autarkic steady-state equilibrium, restrictions...
Persistent link: https://www.econbiz.de/10005396009