![The Human Factor: China`s Internal Migration and the Saving Puzzle](http://s1.studyres.com/store/data/007818175_1-81d3f2ef0e3ed44f08e4c1f6442c00b1-300x300.png)
The Human Factor: China`s Internal Migration and the Saving Puzzle
... to prevent migration from happening too fast. The household registration system, by lowering wages of migrants and partially denying them equal welfare enjoyed by native urban households, effectively prevented a rapid increase in urban population. Importantly, the suppressed labor flow from rural to ...
... to prevent migration from happening too fast. The household registration system, by lowering wages of migrants and partially denying them equal welfare enjoyed by native urban households, effectively prevented a rapid increase in urban population. Importantly, the suppressed labor flow from rural to ...
Chapter 3 PPT
... production. 2. Labor productivity varies across countries, usually due to differences in technology, but labor productivity in each country is constant across time. 3. The supply of labor services in each country is constant. 4. Only two goods are important for production and consumption: wine and c ...
... production. 2. Labor productivity varies across countries, usually due to differences in technology, but labor productivity in each country is constant across time. 3. The supply of labor services in each country is constant. 4. Only two goods are important for production and consumption: wine and c ...
Chapter 3 PPT
... production. 2. Labor productivity varies across countries, usually due to differences in technology, but labor productivity in each country is constant across time. 3. The supply of labor services in each country is constant. 4. Only two goods are important for production and consumption: wine and c ...
... production. 2. Labor productivity varies across countries, usually due to differences in technology, but labor productivity in each country is constant across time. 3. The supply of labor services in each country is constant. 4. Only two goods are important for production and consumption: wine and c ...
"Business Cycle Fluctuations and the Life Cycle: How Important is On-the-Job Skill Accumulation? with Selahattin Imrohoroglu
... All three economies are calibrated so that the steady state values for the age-speci…c wage parameters are identical. We …nd that introducing OJT gives steady state and business cycle properties that are essentially identical to the case without skill accumulation. LBD, on the other hand, a¤ects bot ...
... All three economies are calibrated so that the steady state values for the age-speci…c wage parameters are identical. We …nd that introducing OJT gives steady state and business cycle properties that are essentially identical to the case without skill accumulation. LBD, on the other hand, a¤ects bot ...
PDF
... earnings may be declining in relative importance to nonfarm earnings of family members. As a result, ...
... earnings may be declining in relative importance to nonfarm earnings of family members. As a result, ...
The unemployment problem. A Norwegian perspective
... domestic products reflects that the workers will demand compensation to keep up the purchasing power if the consumer price index increases. γ2 is less than unity, based on the assumption that workers obtain less than full compensation for a consumer price increase. The constant term captures other f ...
... domestic products reflects that the workers will demand compensation to keep up the purchasing power if the consumer price index increases. γ2 is less than unity, based on the assumption that workers obtain less than full compensation for a consumer price increase. The constant term captures other f ...
Excess Capacity in a Fixed Cost Economy
... The recent work that builds on price and interest rate rigidity has led to useful insights, but it is not clear that these rigidities fully explain the existence of economic slack. Figure 1, based on a measure of idleness developed by the Federal Reserve Board, shows that capacity has been persisten ...
... The recent work that builds on price and interest rate rigidity has led to useful insights, but it is not clear that these rigidities fully explain the existence of economic slack. Figure 1, based on a measure of idleness developed by the Federal Reserve Board, shows that capacity has been persisten ...
Wage Rigidity in the Great Depression June, 2012 Christopher Hanes Department of Economics
... measures of real activity from the interwar era, and compare the “forecasts” with the actual 1930s real-wage data. For wage inflation, we use versions of the Phillips curve, allowing for a well-known historical shift in its nature. In the pre-1914 era American wage inflation followed the original P ...
... measures of real activity from the interwar era, and compare the “forecasts” with the actual 1930s real-wage data. For wage inflation, we use versions of the Phillips curve, allowing for a well-known historical shift in its nature. In the pre-1914 era American wage inflation followed the original P ...
centre for economic history the australian national university
... covering a total of 2.4 million workers or 13 percent of the labour force. Collective agreements were given a boost during the War by the establishment of Wage Councils which were set up on the recommendation of the Whitley Reports (1917-18). In trades and occupations where there was insufficient or ...
... covering a total of 2.4 million workers or 13 percent of the labour force. Collective agreements were given a boost during the War by the establishment of Wage Councils which were set up on the recommendation of the Whitley Reports (1917-18). In trades and occupations where there was insufficient or ...
Ingo Schmidt Rosa Luxemburg`s `Accumulation of Capital`: New
... their preferred policies in the language of non‐intervention, can help to get the economy back on its long‐term growth path, which is determined by the growth of labour supply and technical progress (Barro, Sala‐i‐Martin 2003). Marxists have an entirely different view. They see ...
... their preferred policies in the language of non‐intervention, can help to get the economy back on its long‐term growth path, which is determined by the growth of labour supply and technical progress (Barro, Sala‐i‐Martin 2003). Marxists have an entirely different view. They see ...
The Dynamics of Income Inequality in Mexico since NAFTA Gerardo
... be optimistic about this aspect of the Mexican economy. Figure 1 shows data on Mexico’s Gini coefficient from 1950 to 2004.2 The graph shows that while Mexico achieved an important reduction in inequality during the 1960s and 1970s, periods of very rapid economic growth, Mexico has experienced very ...
... be optimistic about this aspect of the Mexican economy. Figure 1 shows data on Mexico’s Gini coefficient from 1950 to 2004.2 The graph shows that while Mexico achieved an important reduction in inequality during the 1960s and 1970s, periods of very rapid economic growth, Mexico has experienced very ...
National Saving - Cloudfront.net
... What We Want It To? • It is difficult to distinguish between a person who is unemployed and a person who is not in the labor force. • Discouraged workers, people who would like to work but have given up looking for jobs after an unsuccessful search, don’t show up in unemployment statistics. • Other ...
... What We Want It To? • It is difficult to distinguish between a person who is unemployed and a person who is not in the labor force. • Discouraged workers, people who would like to work but have given up looking for jobs after an unsuccessful search, don’t show up in unemployment statistics. • Other ...
full text
... in the Romanian empirical research from the GDP per capita perspective (see for instance Iancu, 2007 and Iancu, 2009), while the wage approach has been considered only indirectly and partially. This paper is an attempt to develop a new perspective on real convergence in Romania, based on the territo ...
... in the Romanian empirical research from the GDP per capita perspective (see for instance Iancu, 2007 and Iancu, 2009), while the wage approach has been considered only indirectly and partially. This paper is an attempt to develop a new perspective on real convergence in Romania, based on the territo ...
Full Employment Policies Must Consider Effective Demand and
... The second argument for full employment is based on the idea that, just as there are human, political, and civil rights that may be considered "inalienable," so too are there economic and social "rights," of which the right to employment is one of the most important. This view was expressed by Frank ...
... The second argument for full employment is based on the idea that, just as there are human, political, and civil rights that may be considered "inalienable," so too are there economic and social "rights," of which the right to employment is one of the most important. This view was expressed by Frank ...
ESTIMATING THE CYCLICALLY ADJUSTED BUDGET BALANCE
... fiscal balance of the Romanian economy, by employing both quarterly and annual data. For quarterly data, we will employ a methodology similar to that of Giorno et al., (1995) and van der Noord (2000). In order to check the robustness of the estimates, we will also use annual data and a methodology s ...
... fiscal balance of the Romanian economy, by employing both quarterly and annual data. For quarterly data, we will employ a methodology similar to that of Giorno et al., (1995) and van der Noord (2000). In order to check the robustness of the estimates, we will also use annual data and a methodology s ...
MARXIAN CRISIS THEORY AND THE POSTWAR U. S. ECONOMY
... causes of the significant decline in the rate of profit in the early postwar period? In recent decades, why hasn’t the rate profit increased more, as a result of the stagnant real wages and the “speed-up” of labor? And, finally, what is the likely trend in the rate of profit in the future? What are ...
... causes of the significant decline in the rate of profit in the early postwar period? In recent decades, why hasn’t the rate profit increased more, as a result of the stagnant real wages and the “speed-up” of labor? And, finally, what is the likely trend in the rate of profit in the future? What are ...
Informal sector and informal employment (ICLS & 2008 SNA)
... • General government and NPISHà “formal sector” • Non-financial and financial corporations (formal; can be non-registered /below threshold) • Household sector (formal or informal based on ...
... • General government and NPISHà “formal sector” • Non-financial and financial corporations (formal; can be non-registered /below threshold) • Household sector (formal or informal based on ...
sticky wages
... FIGURE 14.10 The Long-Run Phillips Curve: The Natural Rate of Unemployment If the AS curve is vertical in the long run, so is the Phillips Curve. In the long run, the Phillips Curve corresponds to the natural rate of unemployment—that is, the unemployment rate that is consistent with the notion of ...
... FIGURE 14.10 The Long-Run Phillips Curve: The Natural Rate of Unemployment If the AS curve is vertical in the long run, so is the Phillips Curve. In the long run, the Phillips Curve corresponds to the natural rate of unemployment—that is, the unemployment rate that is consistent with the notion of ...
NBER WORKING PAPER SERIES BUSINESS CYCLE FLUCTUATIONS AND THE LIFE CYCLE:
... economies display ‡uctuations with quantitative properties similar to those of business cycles experienced by actual economies. Most of this literature, beginning with Kydland and Prescott (1982), has studied versions of the in…nite horizon stochastic growth model calibrated to match secular growth ...
... economies display ‡uctuations with quantitative properties similar to those of business cycles experienced by actual economies. Most of this literature, beginning with Kydland and Prescott (1982), has studied versions of the in…nite horizon stochastic growth model calibrated to match secular growth ...
The Government Spending Multiplier in a Deep Recession
... The standard New Keynesian model has been widely used to frame discussions about the impact of government spending policies. In contrast to the standard RBC model, it emphasizes the role of monetary policy in shaping the response of the economy to a government spending shock. When the economy is not ...
... The standard New Keynesian model has been widely used to frame discussions about the impact of government spending policies. In contrast to the standard RBC model, it emphasizes the role of monetary policy in shaping the response of the economy to a government spending shock. When the economy is not ...
Inequality, Social Insurance, and Redistribution
... expects to be employed in the long run. The highincome group faces a lower risk of losing earnings than do wage earners. For simplicity, we set the risk of job loss for high-income earners to zero.7 The population without earnings consists of the share who are permanently outside the labor market, ...
... expects to be employed in the long run. The highincome group faces a lower risk of losing earnings than do wage earners. For simplicity, we set the risk of job loss for high-income earners to zero.7 The population without earnings consists of the share who are permanently outside the labor market, ...
Macroeconomic Determinants of the Labour Market in Nigeria
... Thus, employment security makes it easier for insiders to secure higher wages and associated with this effect is unemployment. Another important consideration for labour market decisions is the wedge between wages paid by employers and that received by employees. Morgan and Mourougane (2001) notes t ...
... Thus, employment security makes it easier for insiders to secure higher wages and associated with this effect is unemployment. Another important consideration for labour market decisions is the wedge between wages paid by employers and that received by employees. Morgan and Mourougane (2001) notes t ...
Frictional unemployment
... number of the unemployed, the unemployed workers lack the skills needed for the jobs — or are in the wrong part of the country or world to take the jobs offered. It is a mismatch of skills and opportunities due to the structure of the economy changing. That is, it is very expensive to unite the work ...
... number of the unemployed, the unemployed workers lack the skills needed for the jobs — or are in the wrong part of the country or world to take the jobs offered. It is a mismatch of skills and opportunities due to the structure of the economy changing. That is, it is very expensive to unite the work ...
Wage-led growth: Concept, theories and policies pdf
... the fact that the financial crisis has plunged many economies in recession, thus further weakening the ability of workers to resist attempts to lower wages or real wages, and hence with the consequence, at the macroeconomic level, of further reducing the wage share in national income. The advocacy o ...
... the fact that the financial crisis has plunged many economies in recession, thus further weakening the ability of workers to resist attempts to lower wages or real wages, and hence with the consequence, at the macroeconomic level, of further reducing the wage share in national income. The advocacy o ...
Unemployment - McGraw Hill Higher Education
... jobs as companies “downsized,” “restructured,” or simply closed. Not all these displaced workers fared as badly as George H. and his family. But the job loss was a painful experience for every one of those displaced workers. That’s the human side of an economic downturn. The pain of joblessness is n ...
... jobs as companies “downsized,” “restructured,” or simply closed. Not all these displaced workers fared as badly as George H. and his family. But the job loss was a painful experience for every one of those displaced workers. That’s the human side of an economic downturn. The pain of joblessness is n ...