This PDF is a selection from a published volume from... Research Volume Title: Financial Sector Development in the Pacific Rim, East...
... or 10 percent of its 1975 labor force. Using any of these measures, they show that real per capita GDP growth, economy total factor productivity growth, and aggregate capital accumulation are all significantly higher in economies with less stable big business sectors. This finding suggests that many ...
... or 10 percent of its 1975 labor force. Using any of these measures, they show that real per capita GDP growth, economy total factor productivity growth, and aggregate capital accumulation are all significantly higher in economies with less stable big business sectors. This finding suggests that many ...
Unemployment
... The survey counts as unemployed all persons who, during the week before the survey: 1. Had no employment 2. Were available for work, and either: • Had made efforts to find employment during the previous four weeks, or • Were waiting to be recalled to a job from which they had been laid off. ...
... The survey counts as unemployed all persons who, during the week before the survey: 1. Had no employment 2. Were available for work, and either: • Had made efforts to find employment during the previous four weeks, or • Were waiting to be recalled to a job from which they had been laid off. ...
Skill Formation and the Knowledge Economy: Some Issues and
... shorter product cycles. Knowledge must be developed and skills must be enhanced and applied in new ways. The creation of new gadgets, new commodities and a range of services depends on knowledge that “relies primarily on the use of ideas rather than physical abilities and on the application of techn ...
... shorter product cycles. Knowledge must be developed and skills must be enhanced and applied in new ways. The creation of new gadgets, new commodities and a range of services depends on knowledge that “relies primarily on the use of ideas rather than physical abilities and on the application of techn ...
Work, Employment & Society
... debt in the USA, the UK and Germany. The outcome shows that the single model of postfordism as a dysfunctional accumulation regime fits all three countries, although with important differences in forms of dysfunctionality. As such, regulation theory provides an alternative framework to the varieties ...
... debt in the USA, the UK and Germany. The outcome shows that the single model of postfordism as a dysfunctional accumulation regime fits all three countries, although with important differences in forms of dysfunctionality. As such, regulation theory provides an alternative framework to the varieties ...
Discussion Paper Series The Labour Market Impact of Immigration
... unskilled labour. This complexity gives rise to two alternative adjustment mechanisms which we will briefly discuss in the next section. Output Mix: The first mechanism is reflected in the mix of output goods the economy produces. Suppose, as before, that immigrants increase the relative supply of ...
... unskilled labour. This complexity gives rise to two alternative adjustment mechanisms which we will briefly discuss in the next section. Output Mix: The first mechanism is reflected in the mix of output goods the economy produces. Suppose, as before, that immigrants increase the relative supply of ...
(1 - t)y + A - College of Business Administration @ Kuwait University
... If expected and actual price levels are equal, the wage equation can be written in terms of the real wages to define the upward sloping ws cuve as: wWS=b(E), wage setting real wage wWS=W/P, The excess of w on the WS curve above that on the labor supply curve is the mark up per worker. Two common int ...
... If expected and actual price levels are equal, the wage equation can be written in terms of the real wages to define the upward sloping ws cuve as: wWS=b(E), wage setting real wage wWS=W/P, The excess of w on the WS curve above that on the labor supply curve is the mark up per worker. Two common int ...
This PDF is a selection from a published volume from... Bureau of Economic Research Volume Title: NBER International Seminar on Macroeconomics
... news causes a boom in employment next period, then this creates a need to hire more workers today since workers cannot be immediately hired at zero cost tomorrow. Given that more employment today means more output, this allows both consumption and investment to increase in response to the news. Seco ...
... news causes a boom in employment next period, then this creates a need to hire more workers today since workers cannot be immediately hired at zero cost tomorrow. Given that more employment today means more output, this allows both consumption and investment to increase in response to the news. Seco ...
Notes on Unemployment Chapter:
... wage rate. Businesses might do this for a variety of reasons including attracting better workers or making workers more loyal. Labor unions can also raise wages above equilibrium, but this would only cause unemployment for an entire economy if the labor union(s) controlled most wages in that economy ...
... wage rate. Businesses might do this for a variety of reasons including attracting better workers or making workers more loyal. Labor unions can also raise wages above equilibrium, but this would only cause unemployment for an entire economy if the labor union(s) controlled most wages in that economy ...
The Impact of Foreign Workers on Labour Productivity in Malaysian
... and this trend has continued ever since (Zaleha, 2007). As can be seen in Table 1, the population in Malaysia has been increasing steadily from 1965 to 2005. This has provided the source of labour force for the economy. Labour force has also increased steadily during this period. Table 1 Population ...
... and this trend has continued ever since (Zaleha, 2007). As can be seen in Table 1, the population in Malaysia has been increasing steadily from 1965 to 2005. This has provided the source of labour force for the economy. Labour force has also increased steadily during this period. Table 1 Population ...
CFO11e_ch29
... In the preceding seven chapters, we have examined how households and firms behave in the three market arenas—the goods market, the money market, and the labor market. We have seen how aggregate output (income), the interest rate, and the price level are determined in the economy, and we have examine ...
... In the preceding seven chapters, we have examined how households and firms behave in the three market arenas—the goods market, the money market, and the labor market. We have seen how aggregate output (income), the interest rate, and the price level are determined in the economy, and we have examine ...
The Labor Market, Unemployment, and Inflation
... Existence of Unemployment • The efficiency wage When a firm pays higher wages for its workers to improve workersʹ productivity, the firm pays efficiency wages • Efficiency wage theory suggests that firms may hold wages above the market clearing rate because they believe that the productivity of work ...
... Existence of Unemployment • The efficiency wage When a firm pays higher wages for its workers to improve workersʹ productivity, the firm pays efficiency wages • Efficiency wage theory suggests that firms may hold wages above the market clearing rate because they believe that the productivity of work ...
graphical exposition of the solution
... What is the significance of the “100” in the equation C = 100 + 0.8Y? People spend “100” on consumption goods even when their income is temporarily zero. ...
... What is the significance of the “100” in the equation C = 100 + 0.8Y? People spend “100” on consumption goods even when their income is temporarily zero. ...
HUNTING PRODUCTIVE WORK The crew was complete: it included
... Productive labour, in its meaning for capitalist production, is wage-labour which, exchanged against the variable part of capital (the part of the capital that is spent on wages), reproduces not only this part of the capital (or the value of its own labour-power), but in addition produces surplus-va ...
... Productive labour, in its meaning for capitalist production, is wage-labour which, exchanged against the variable part of capital (the part of the capital that is spent on wages), reproduces not only this part of the capital (or the value of its own labour-power), but in addition produces surplus-va ...
Accounting for the Great Depression
... us to conclude that a large class of business cycle models are equivalent to a prototype growth model with time-varying wedges that, at least at face value, look like time-varying labor taxes, investment taxes, and productivity. We refer to these wedges as labor wedges, investment wedges, and efficien ...
... us to conclude that a large class of business cycle models are equivalent to a prototype growth model with time-varying wedges that, at least at face value, look like time-varying labor taxes, investment taxes, and productivity. We refer to these wedges as labor wedges, investment wedges, and efficien ...
the characteristics of the information
... Schumpeter foresaw main characteristics of the new society before 1950s- their explanations were Utopian because the characteristics of the new society did not come out clearly at that time. After the industrialisation spread all over the world, some countries such as the UK, Germany and the US reac ...
... Schumpeter foresaw main characteristics of the new society before 1950s- their explanations were Utopian because the characteristics of the new society did not come out clearly at that time. After the industrialisation spread all over the world, some countries such as the UK, Germany and the US reac ...
unemployed
... Employment and Wages To be counted as unemployed, a person must be available for work and must be in one of three categories: 1) Without work but has made specific efforts to find a job within the previous ...
... Employment and Wages To be counted as unemployed, a person must be available for work and must be in one of three categories: 1) Without work but has made specific efforts to find a job within the previous ...
The unemployment rate is the number of people actively looking for
... cases. For example, in some months, a falling unemployment rate was accompanied by a slight fall in employment. How can the number of individuals employed fall and the unemployment rate fall at the same time? This must mean that the number of individuals unemployed fell also. Most likely, what has h ...
... cases. For example, in some months, a falling unemployment rate was accompanied by a slight fall in employment. How can the number of individuals employed fall and the unemployment rate fall at the same time? This must mean that the number of individuals unemployed fell also. Most likely, what has h ...
Mankiw 6e PowerPoints
... Spending on investment goods depends negatively on the real interest rate. ...
... Spending on investment goods depends negatively on the real interest rate. ...
Lecture 4: Productivity, Output, and Unemployment in the Short Run
... Why do poor countries (like Kenya) not adopt the technological knowledge that is readily available in the world and closing the technological gap that exists. Most economists believe that the main source of the problem, for poor countries in general lies in poor institutions. What institutions do ec ...
... Why do poor countries (like Kenya) not adopt the technological knowledge that is readily available in the world and closing the technological gap that exists. Most economists believe that the main source of the problem, for poor countries in general lies in poor institutions. What institutions do ec ...
The Natural Rate of Unemployment
... Minimum wages - a government-mandated floor on the price of labor. In the U.S., the national minimum wage in 2005 was $5.15 an hour. Unions - by bargaining for all a firm’s workers collectively (collective bargaining), unions can often win higher wages from employers than the market would have other ...
... Minimum wages - a government-mandated floor on the price of labor. In the U.S., the national minimum wage in 2005 was $5.15 an hour. Unions - by bargaining for all a firm’s workers collectively (collective bargaining), unions can often win higher wages from employers than the market would have other ...
View PDF - CiteSeerX
... problem at all phases of the business cycle. In particular, it makes the case that conventional aggregate demand management policies are inadequate for dealing with the unemployment problem during recessions and incapable of achieving true full employment in expansions. The paper will examine the ki ...
... problem at all phases of the business cycle. In particular, it makes the case that conventional aggregate demand management policies are inadequate for dealing with the unemployment problem during recessions and incapable of achieving true full employment in expansions. The paper will examine the ki ...
NBER WORKING PAPER SERIES FISCAL POLICY CAN REDUCE UNEMPLOYMENT:
... In Farmer (2009), I assumed the existence of a representative agent. As a consequence, I showed that …scal policy is ine¤ective and cannot be used to restore full employment. In contrast, population demographics in the current paper are based on work by Olivier Blanchard (1985) who developed a tract ...
... In Farmer (2009), I assumed the existence of a representative agent. As a consequence, I showed that …scal policy is ine¤ective and cannot be used to restore full employment. In contrast, population demographics in the current paper are based on work by Olivier Blanchard (1985) who developed a tract ...
1. The book Economic Formation of Brazil (EFB) as a
... Actually, Mattoso (2009)17 even considering the book as a kind of “Opera Magna”, indicates some hypothesis in the text as interesting suggestions of study for economists and historians. Among these suggestions, there is the Furtado's view that abolition would have more a political character, than ec ...
... Actually, Mattoso (2009)17 even considering the book as a kind of “Opera Magna”, indicates some hypothesis in the text as interesting suggestions of study for economists and historians. Among these suggestions, there is the Furtado's view that abolition would have more a political character, than ec ...
The Theoretical Basis of an Integrating Currency Area. The
... U.S. central bank issuance increases considerably and the Polish central bank issuance decreases, then the Polish zloty strengthens against the dollar until the impulse disappears. Subsequently, with time, due to the lack of labor productivity parity, the Polish zloty will weaken. One can imagine th ...
... U.S. central bank issuance increases considerably and the Polish central bank issuance decreases, then the Polish zloty strengthens against the dollar until the impulse disappears. Subsequently, with time, due to the lack of labor productivity parity, the Polish zloty will weaken. One can imagine th ...
[The Macroeconomics of War and Peace
... much GOPO contributed. It appears from their discussion that they think GOPO explained a very large fraction of the increase in productivity and real wages. That seems unlikely to me. First, this view is inconsistent with the post-World War I1 facts. As Hall (1988) and Rotemberg and Woodford (1992) ...
... much GOPO contributed. It appears from their discussion that they think GOPO explained a very large fraction of the increase in productivity and real wages. That seems unlikely to me. First, this view is inconsistent with the post-World War I1 facts. As Hall (1988) and Rotemberg and Woodford (1992) ...