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Education as advertisement
Ishida, Junichiro - In: Economics Bulletin 10 (2004) 8, pp. 1-8
The paper perceives education as a type of money burning activity, much like advertisement, and examines its effect on social welfare. In a model where the employer's job assignment also functions as a signal a la Waldman (1984), there exists a separating equilibrium in which education credibly...
Persistent link: https://www.econbiz.de/10010629857
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Education as advertisement
Ishida, Junichiro - In: Economics Bulletin 10 (2004) 8, pp. 1-8
The paper perceives education as a type of money burning activity, much like advertisement, and examines its effect on social welfare. In a model where the employer's job assignment also functions as a signal a la Waldman (1984), there exists a separating equilibrium in which education credibly...
Persistent link: https://www.econbiz.de/10005416994
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Knowledge diffusion under patent with asymmetric firms
Mukherjee, Arijit; Sinha, Uday Bhanu - In: Economics Bulletin 12 (2007) 9, pp. 1-6
We show that if patent protection and trade secrecy generate asymmetric market structure, an innovator may prefer patent protection than trade secrecy even if the diffusion probability is higher under the former but it increases market concentration by preventing some imitators. So, whether an...
Persistent link: https://www.econbiz.de/10010629443
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Knowledge diffusion under patent with asymmetric firms
Mukherjee, Arijit; Sinha, Uday Bhanu - In: Economics Bulletin 12 (2007) 9, pp. 1-6
We show that if patent protection and trade secrecy generate asymmetric market structure, an innovator may prefer patent protection than trade secrecy even if the diffusion probability is higher under the former but it increases market concentration by preventing some imitators. So, whether an...
Persistent link: https://www.econbiz.de/10005094884
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How do firms interpret a job loss? Evidence from the National Longitudinal Survey of Youth
Kosovich, Stephen M. - In: Economics Bulletin 29 (2009) 2, pp. 1070-1086
Empirical studies in the job displacement literature have found that workers face significant earnings losses on average, when they are permanently displaced from jobs. Previous research also suggests that the costliness of job loss varies widely. Gibbons and Katz (1991) develop and test a...
Persistent link: https://www.econbiz.de/10008562849
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Who believes in fiscal and monetary stimulus? Evidence from a survey of Pennsylvania residents
Amdur, David - In: Economics Bulletin 33 (2013) 3, pp. 2140-2155
Does the public believe that fiscal and monetary stimulus reduce unemployment? I present survey evidence on this … monetary stimulus. In fact, the typical respondent believes that an increase in government spending makes unemployment worse … worsens unemployment while a Fed interest rate cut improves it. Beliefs about policy effectiveness fall largely, but not …
Persistent link: https://www.econbiz.de/10010835774
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Relative Factor Return Gaps in Labour Markets and Global Integration
Mamoon, Dawood - In: Economics Bulletin 31 (2011) 1, pp. 969-988
The paper estimates the role of integration in welfare generation in a cross country framework. Once controlling for institutions, openness is generally associated with increased wage inequalities across nations. However the results for trade policy are mixed. Decrease in import taxes increase...
Persistent link: https://www.econbiz.de/10008872239
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Estimating the impact of diabetes on employment in Taiwan
Lin, Shin-Jong - In: Economics Bulletin 31 (2011) 4, pp. 3089-3102
This paper investigates the impact of diabetes on employment based on the 2005 National Health Interview Survey in Taiwan using a recursive bivariate probit model. The findings show that diabetes has a negative and significant effect on employment, and that the magnitude is larger for men than...
Persistent link: https://www.econbiz.de/10009367398
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The dynamics of divorce, income, and female labor force participation in Singapore.
Ging, Lee Chew; Kim, Ng Pek - In: Economics Bulletin 31 (2011) 4, pp. 2757-2768
Singapore has experienced rising income and female labor force participation over the years. This growth, however, is also accompanied by increasing divorce rate. This paper utilizes Granger causality tests within a multivariate error correction framework to examine the short-run and long-run...
Persistent link: https://www.econbiz.de/10009321775
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Does Migration Income Help Hometown Business? Evidences from Rural Households Survey in China
Liu, Jialu - In: Economics Bulletin 30 (2010) 4, pp. 2598-2611
This empirical study examines effects of household migration income on non-farm business in rural China. The restrictions on labor mobility in China were loosened after the economic reform in 1978. As a result, more and more rural households have family members engaging in temporary migration,...
Persistent link: https://www.econbiz.de/10008672244