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Macroeconomics: Consumption, Saving, Production, Employment, and Investment x Labour and Demographic Economics x clear all

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The Agricultural Productivity Gap

Douglas Gollin, David Lagakos and Michael E. Waugh.

in The Quarterly Journal of Economics

May 2014; p ublished online December 2013 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Urban, Rural, and Regional Economics; Economic Development; Economic Growth and Aggregate Productivity; Macroeconomics and Monetary Economics; Mobility, Unemployment, and Vacancies. 17899 words.

According to national accounts data, value added per worker is much higher in the nonagricultural sector than in agriculture in the typical country, particularly in developing countries....

Applications and Interviews: Firms’ Recruiting Decisions in a Frictional Labour Market

Ronald Wolthoff.

in The Review of Economic Studies

April 2018; p ublished online August 2017 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Prices, Business Fluctuations, and Cycles; Mobility, Unemployment, and Vacancies. 19401 words.

Abstract

I develop a directed search model to study the recruitment decisions of firms competing for workers who ex post differ in two dimensions: (1) their...

The Baby Boom and World War II: A Macroeconomic Analysis

Matthias Doepke, Moshe Hazan and Yishay D. Maoz.

in The Review of Economic Studies

July 2015; p ublished online March 2015 .

Journal Article. Subjects: Demand and Supply of Labour; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Demographic Economics; General Equilibrium and Disequilibrium. 22540 words.

We argue that one major cause of the U.S. post-war baby boom was the rise in female labour supply during World War II. We develop a quantitative dynamic general equilibrium model with...

Capital account openness and the labour share of income

Arjun Jayadev.

in Cambridge Journal of Economics

May 2007; p ublished online January 2007 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; General Aggregative Models; Labour-Management Relations, Trade Unions, and Collective Bargaining; International Finance. 8695 words.

This paper investigates the relationship between capital account openness and the share of labour in national income. Employing a new index of financial openness and a cross-country panel...

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Capital accumulation and unemployment: new insights on the Nordic experience

Marika Karanassou, Hector Sala and Pablo F. Salvador.

in Cambridge Journal of Economics

November 2008; p ublished online June 2008 .

Journal Article. Subjects: Demand and Supply of Labour; Macroeconomics: Consumption, Saving, Production, Employment, and Investment. 9920 words.

This paper takes a fresh look at the analysis of labour market dynamics and argues that capital accumulation plays a fundamental role in determining unemployment movements. This role has...

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Characterising deindustrialisation: An analysis of changes in manufacturing employment and output internationally

Fiona Tregenna.

in Cambridge Journal of Economics

May 2009; p ublished online November 2008 .

Journal Article. Subjects: Demand and Supply of Labour; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Manufacturing; Economic Development. 13049 words.

Deindustrialisation is typically conceptualised as a decline in manufacturing as a share of total employment. From a Kaldorian perspective deindustrialisation could have negative...

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Das Human-Kapital: A Theory of the Demise of the Class Structure

Oded Galor and Omer Moav.

in The Review of Economic Studies

January 2006; p ublished online January 2006 .

Journal Article. Subjects: Demand and Supply of Labour; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Labour and Demographic Economics; Economic History. 17686 words.

This paper suggests that the demise of the capitalists—workers class structure was a socio-economic transformation orchestrated by the capitalists in reaction to the increasing importance...

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The effectiveness of economic policy and position in the cycle: the case of tax reductions on overtime in France

Eric Heyer.

in Oxford Review of Economic Policy

July 2011; p ublished online July 2011 .

Journal Article. Subjects: Econometric and Statistical Methods and Methodology: General; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Labour and Demographic Economics; Prices, Business Fluctuations, and Cycles; Single Equation Models; Single Variables. 6362 words.

The economic situation of all the major developed countries has changed significantly during the 2007–10 period. Yet many economic policies have been kept in place. This is true in...

The Effects of Marital Status and Children on Savings and Portfolio Choice

David A. Love.

in The Review of Financial Studies

January 2010; p ublished online April 2009 .

Journal Article. Subjects: Economics; Insurance; Intertemporal Choice and Growth; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Economics of Health; Demographic Economics. 23993 words.

This paper investigates the impact of demographic shocks on optimal decisions about saving, life insurance, and, most centrally, asset allocation. The analysis indicates that marital-status...

Employment and growth in Europe and the US—the role of fiscal policy composition

Tine Dhont and Freddy Heylen.

in Oxford Economic Papers

July 2009; p ublished online October 2008 .

Journal Article. Subjects: Demand and Supply of Labour; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Economic Growth and Aggregate Productivity. 9853 words.

We construct a simple endogenous growth model to analyse the relationship between the composition of fiscal policy, economic growth and employment. The government sets different tax rates...

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Endogenous real wage rigidity in a search frictions model

Christopher Martin and Bingsong Wang.

in Oxford Economic Papers

October 2018; p ublished online June 2018 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Prices, Business Fluctuations, and Cycles; Demand and Supply of Labour; Wages, Compensation, and Labour Costs; Mobility, Unemployment, and Vacancies. 10779 words.

Abstract

The existing literature often incorporates ad hoc models of exogenous real wage rigidity into search frictions models of the labour market in order to...

A fair wage model of unemployment with inertia in fairness perceptions

George Chouliarakis and Mónica Correa-López.

in Oxford Economic Papers

January 2014; p ublished online November 2012 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Wages, Compensation, and Labour Costs; Microeconomics; Human Resource Management. 10569 words.

Theories of psychology and empirical evidence suggest that the reference transactions against which workers judge fairness exhibit inertia. This paper shows that a fair-wage model with...

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From Physical to Human Capital Accumulation: Inequality and the Process of Development

Oded Galor and Omer Moav.

in The Review of Economic Studies

October 2004; p ublished online October 2004 .

Journal Article. Subjects: Demand and Supply of Labour; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Economic Development. 12800 words.

This paper develops a growth theory that captures the replacement of physical capital accumulation by human capital accumulation as a prime engine of growth along the process of...

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The German employment miracle in the Great Recession: the significance and institutional foundations of temporary working-time reductions

Alexander Herzog-Stein, Fabian Lindner and Simon Sturn.

in Oxford Economic Papers

January 2018; p ublished online October 2017 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Prices, Business Fluctuations, and Cycles; Demand and Supply of Labour. 7919 words.

Abstract

We analyse the robust performance of the German labour market in the Great Recession, and investigate to what extent cyclical reductions in...

The global concentration of wealth

Thomas Goda.

in Cambridge Journal of Economics

January 2018; p ublished online April 2017 .

Journal Article. Subjects: Microeconomics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Labour and Demographic Economics; Other Economic Systems. 9927 words.

Abstract

This paper compares changes in relative and absolute wealth concentrations to establish whether both processes have followed similar trajectories. The...

Housing Wealth and Retirement Timing

Martin Farnham and Purvi Sevak.

in CESifo Economic Studies

March 2016; p ublished online July 2015 .

Journal Article. Subjects: Demand and Supply of Labour; Household Behaviour and Family Economics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Housing Markets, Production Analysis, and Business Location. 9360 words.

Labor-supply effects of changes in house value are potentially important but empirically neglected. Using the panel Health and Retirement Study merged to local house prices from the Federal...

How Changes in Financial Incentives Affect the Duration of Unemployment

Rafael Lalive, Jan Van Ours and Josef Zweimüller.

in The Review of Economic Studies

October 2006; p ublished online October 2006 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Mobility, Unemployment, and Vacancies. 14743 words.

This paper studies how changes in the two key parameters of unemployment insurance—the benefit replacement rate (RR) and the potential benefit duration (PBD)—affect the duration of...

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How important is precautionary labour supply?

Robin Jessen, Davud Rostam-Afschar and Sebastian Schmitz.

in Oxford Economic Papers

July 2018; p ublished online January 2018 .

Journal Article. Subjects: Single Equation Models; Single Variables; Household Behaviour and Family Economics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Demand and Supply of Labour. 9117 words.

Abstract

We quantify the importance of precautionary labour supply defined as the difference between hours supplied in the presence of risk and hours under...

Imperfect information, lagged labour adjustment, and the Great Moderation

Sweder van Wijnbergen and Tim Willems.

in Oxford Economic Papers

April 2013; p ublished online September 2012 .

Journal Article. Subjects: Demand and Supply of Labour; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Prices, Business Fluctuations, and Cycles. 7357 words.

This paper first documents the increase in the lag with which US labour input reacts to macroeconomic fluctuations since the 1980s. We show that lagged labour adjustment is optimal when...

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The Informational Content of Surnames, the Evolution of Intergenerational Mobility, and Assortative Mating

Maia Güell, José V. Rodríguez Mora and Christopher I. Telmer.

in The Review of Economic Studies

April 2015; p ublished online December 2014 .

Journal Article. Subjects: Demographic Economics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Multiple or Simultaneous Equation Models; Multiple Variables. 19048 words.

We propose a new methodology for measuring intergenerational mobility in economic well-being. Our method is based on the joint distribution of surnames and economic outcomes. It circumvents...