Privatization and Nationalization Cycles
... ownership changes: nationalization of natural resource industries tends to occur when the price of the corresponding commodity is high. Duncan (2006) investigated the causes of expropriation in the minerals sectors of developing country exporters. In this study, expropriation is de…ned as any act b ...
... ownership changes: nationalization of natural resource industries tends to occur when the price of the corresponding commodity is high. Duncan (2006) investigated the causes of expropriation in the minerals sectors of developing country exporters. In this study, expropriation is de…ned as any act b ...
the natural rate of unemployment
... Unemployment: A Summary The natural rate of unemployment consists of frictional unemployment • it takes time to search for the right jobs • occurs even if there are enough jobs to go around ...
... Unemployment: A Summary The natural rate of unemployment consists of frictional unemployment • it takes time to search for the right jobs • occurs even if there are enough jobs to go around ...
Chapter 3
... • Each hour devoted to cheese production could have been used to produce a certain amount of wine instead, equal to 1 hour/(aLW hours/liter of wine) = (1/aLW) liter of wine • For example, if 1 hour is moved to cheese production, that additional hour of labor could have produced 1 hour/(2 hours/liter ...
... • Each hour devoted to cheese production could have been used to produce a certain amount of wine instead, equal to 1 hour/(aLW hours/liter of wine) = (1/aLW) liter of wine • For example, if 1 hour is moved to cheese production, that additional hour of labor could have produced 1 hour/(2 hours/liter ...
Chapter 3 The Business Cycle
... relationship between them.) Only people between the ages of 16 and 74 are surveyed. The survey takes place in the week that includes the 13th of the month, called the census week. Some demographic information is obtained from each person --- age, place of residence, ethnic background, and so forth. ...
... relationship between them.) Only people between the ages of 16 and 74 are surveyed. The survey takes place in the week that includes the 13th of the month, called the census week. Some demographic information is obtained from each person --- age, place of residence, ethnic background, and so forth. ...
PDF - Federal Reserve Bank of San Francisco
... are Nash-bargained in every period but set at a socially inefficient level, nearly all of the search gap can be explained by inefficiency in the steady state. This is the welfare implication of the low relative volatility of employment and output generated by this family of models (Shimer, 2004): ineffici ...
... are Nash-bargained in every period but set at a socially inefficient level, nearly all of the search gap can be explained by inefficiency in the steady state. This is the welfare implication of the low relative volatility of employment and output generated by this family of models (Shimer, 2004): ineffici ...
economic growth and social reproduction
... In this paper we develop a set of regimes that link structures of economic growth with those of social reproduction. We then link these regimes to groups of countries organized by economic structure and level of development and evaluate the macroeconomic consequences of a decline in gender inequalit ...
... In this paper we develop a set of regimes that link structures of economic growth with those of social reproduction. We then link these regimes to groups of countries organized by economic structure and level of development and evaluate the macroeconomic consequences of a decline in gender inequalit ...
Objectives for Class 24: The Business Cycle and
... class and find that they are earning much more than you are. So you know that jobs exist that are better than yours. What do you do? Probably, you quit your job and devote your time to finding a better job. You quit because finding a new job requires time and effort. If you continued to work on your ...
... class and find that they are earning much more than you are. So you know that jobs exist that are better than yours. What do you do? Probably, you quit your job and devote your time to finding a better job. You quit because finding a new job requires time and effort. If you continued to work on your ...
The Business Cycle and Unemployment
... class and find that they are earning much more than you are. So you know that jobs exist that are better than yours. What do you do? Probably, you quit your job and devote your time to finding a better job. You quit because finding a new job requires time and effort. If you continued to work on your ...
... class and find that they are earning much more than you are. So you know that jobs exist that are better than yours. What do you do? Probably, you quit your job and devote your time to finding a better job. You quit because finding a new job requires time and effort. If you continued to work on your ...
The Economic Impacts of Removing Unauthorized
... have to adjust to the removal of millions of people. It is also beyond the scope of this report to estimate response of native employment. But with current unemployment rates low in most industries, the incentives for remaining residents to work more in order to fill in any gaps left by deported wor ...
... have to adjust to the removal of millions of people. It is also beyond the scope of this report to estimate response of native employment. But with current unemployment rates low in most industries, the incentives for remaining residents to work more in order to fill in any gaps left by deported wor ...
PDF
... Labor Hours: Hours data for the labor productivity and cost measures include hours for all persons working in the sector—wage and salary workers, the self-employed and unpaid family workers. The primary source of hours and employment data is the BLS Current Employment Statistics (CES) program, which ...
... Labor Hours: Hours data for the labor productivity and cost measures include hours for all persons working in the sector—wage and salary workers, the self-employed and unpaid family workers. The primary source of hours and employment data is the BLS Current Employment Statistics (CES) program, which ...
Economic Fluctuations, Unemployment, and Inflation
... Civilian Rates of Unemployment (February 2016) ...
... Civilian Rates of Unemployment (February 2016) ...
Informality: Concepts, Facts and Models
... liberalization and openness may also increase the incentives to move to B from A. The size of C depends on the relative costs and benefits of operating at a scale or in a manner that avoids (rather than evades) the regulations in question. If technology has evolved in a way in which economies of sca ...
... liberalization and openness may also increase the incentives to move to B from A. The size of C depends on the relative costs and benefits of operating at a scale or in a manner that avoids (rather than evades) the regulations in question. If technology has evolved in a way in which economies of sca ...
Rishabh Kumar Thrift, stagnation and wealth distribution in a United States
... higher wealth concentration ratios but lower rates of capacity utilization, as measured by the output capital ratio. In our model the primary vehicle for wealth accumulation by any class is their saving rate out of income. Classes are distinguished by the functional income distribution - one class ...
... higher wealth concentration ratios but lower rates of capacity utilization, as measured by the output capital ratio. In our model the primary vehicle for wealth accumulation by any class is their saving rate out of income. Classes are distinguished by the functional income distribution - one class ...
The spontaneous generation of excess and its capitalist capture
... and productive whole that is the social formation. Thereby exploitation is revealed as a concrete actualization of the virtual process that Deleuze calls capture, an actualization specific to the historical socius that is capitalism. More importantly, exploitation or capitalist capture is revealed ...
... and productive whole that is the social formation. Thereby exploitation is revealed as a concrete actualization of the virtual process that Deleuze calls capture, an actualization specific to the historical socius that is capitalism. More importantly, exploitation or capitalist capture is revealed ...
marx`s economic theory and contemporary capitalism
... theory of profit (or what it calls interest), the “marginal productivity” theory, according to which interest is determined by the marginal productivity of capital. However, this theory has been shown to be logically contradictory (as a result of the “capital controversy”), and has little or not exp ...
... theory of profit (or what it calls interest), the “marginal productivity” theory, according to which interest is determined by the marginal productivity of capital. However, this theory has been shown to be logically contradictory (as a result of the “capital controversy”), and has little or not exp ...
Swedish Institute for Social Research (SOFI)
... level.1 An expression for the influence of this view is that Central banks target inflation at historically low levels like two percent. One reason for the forceful influence of the hypothesis of the vertical LRPC is the simplicity of the NAIRU model. The model can be understood not only by professi ...
... level.1 An expression for the influence of this view is that Central banks target inflation at historically low levels like two percent. One reason for the forceful influence of the hypothesis of the vertical LRPC is the simplicity of the NAIRU model. The model can be understood not only by professi ...
The Labour Share in G20 Economies
... study also found that the shift in sectoral composition was indeed a contributory factor in many countries, but that in advanced economies most of the fall in the labour share was the result of falling shares within industries (ILO, 2010). (b) Possible determinants of changes in the labour income sh ...
... study also found that the shift in sectoral composition was indeed a contributory factor in many countries, but that in advanced economies most of the fall in the labour share was the result of falling shares within industries (ILO, 2010). (b) Possible determinants of changes in the labour income sh ...
Here
... After about 1540, the trend in real wages in Stockholm is clearly downward. By 1600, real wages were about 40 per cent lower than in 1540. This may seem a remarkably strong fall but it resembles trends found in several other places in Europe, e.g., in southern England and Valencia.21 The real wages ...
... After about 1540, the trend in real wages in Stockholm is clearly downward. By 1600, real wages were about 40 per cent lower than in 1540. This may seem a remarkably strong fall but it resembles trends found in several other places in Europe, e.g., in southern England and Valencia.21 The real wages ...
Beyond the crisis: EMU and labour market reform pressures in
... rules versus discretion, of fiscal stimuli versus stabilisation, of free markets versus economic governance, of price stability versus ‘jobs & growth’, and so forth) but it has not altered the nature of the problem. In a way, this is because questions concerning the model of economic governance in t ...
... rules versus discretion, of fiscal stimuli versus stabilisation, of free markets versus economic governance, of price stability versus ‘jobs & growth’, and so forth) but it has not altered the nature of the problem. In a way, this is because questions concerning the model of economic governance in t ...
1992-1
... by Lundahl (1982). We assume that all unskilled labour is black labour, and all skilled labour is white.2 In Lundahl's model, some skilled labour is black (and all unskilled labour is black), but his assumption about the interracial composition of skilled labour can easily be incorporated into our m ...
... by Lundahl (1982). We assume that all unskilled labour is black labour, and all skilled labour is white.2 In Lundahl's model, some skilled labour is black (and all unskilled labour is black), but his assumption about the interracial composition of skilled labour can easily be incorporated into our m ...
Allied Social Science Associations meetings Boston, MA, January 3
... by Keynes (JMK, CW VII: 266-267) that a reduction in money wages could induce a positive effect on income and employment – falling prices release money from the transactions sphere, interest rates fall thereby stimulating investment until full employment is attained. This “Keynes effect” (Haberler) ...
... by Keynes (JMK, CW VII: 266-267) that a reduction in money wages could induce a positive effect on income and employment – falling prices release money from the transactions sphere, interest rates fall thereby stimulating investment until full employment is attained. This “Keynes effect” (Haberler) ...
ECONOMIC GROWTH, BALANCE OF PAYMENTS AND
... business cycles. Balance of trade used to fluctuate cyclically a ccording to business cycles, holding the long-run tendency of the balance of payments deficit. But since 1966, a balance of trade surplus has occurred_ However, the movements of over-all balance of payments and balance of trade are not ...
... business cycles. Balance of trade used to fluctuate cyclically a ccording to business cycles, holding the long-run tendency of the balance of payments deficit. But since 1966, a balance of trade surplus has occurred_ However, the movements of over-all balance of payments and balance of trade are not ...
Lecture 5 - The Digital Economist
... The points C, C', or C'' in this same diagram, represent combinations of capital and labor used in a 1:4 ratio or Labor Intensive Production. For a given production technology it is not possible to say that using one factor more intensively than the other is better or more efficient. In economic sys ...
... The points C, C', or C'' in this same diagram, represent combinations of capital and labor used in a 1:4 ratio or Labor Intensive Production. For a given production technology it is not possible to say that using one factor more intensively than the other is better or more efficient. In economic sys ...
macronotes - Houston H. Stokes Page
... 30 RWAGE1(I)=100.0*WAGE1(I)/CPI(I+1) 31 RWAGE2(I)=100.0*WAGE2(I)/CPI(I+1) 32 TABULATE YEAR2 PCW1 PCW2 WAGE1 RWAGE1 WAGE2 RWAGE2 33 "For case 1 % change in wage < % change in CPI" 34 "Employer likes first arrangement." ...
... 30 RWAGE1(I)=100.0*WAGE1(I)/CPI(I+1) 31 RWAGE2(I)=100.0*WAGE2(I)/CPI(I+1) 32 TABULATE YEAR2 PCW1 PCW2 WAGE1 RWAGE1 WAGE2 RWAGE2 33 "For case 1 % change in wage < % change in CPI" 34 "Employer likes first arrangement." ...
H-1B Visas: A Case for Open Immigration of Highly Skilled
... which 65,000 6 must come from abroad while 20,000 are granted to foreign nationals with master’s degrees or higher from American universities. Jobs at non-profit research institutions affiliated with colleges or universities do not count toward the cap.7 In fiscal year 2008, 276,2528 H-1B petitions ...
... which 65,000 6 must come from abroad while 20,000 are granted to foreign nationals with master’s degrees or higher from American universities. Jobs at non-profit research institutions affiliated with colleges or universities do not count toward the cap.7 In fiscal year 2008, 276,2528 H-1B petitions ...