An Equilibrium Search Model with Capital Accumulation PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download An Equilibrium Search Model with Capital Accumulation PDF full book. Access full book title An Equilibrium Search Model with Capital Accumulation by Lars Korsholm. Download full books in PDF and EPUB format.
Author: Lars Korsholm
Publisher:
ISBN:
Category :
Languages : en
Pages : 56
Get Book Here
Book Description
Author: Lars Korsholm
Publisher:
ISBN:
Category :
Languages : en
Pages : 56
Get Book Here
Book Description
Author: Henning Bunzel
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
Get Book Here
Book Description
Author: Kenneth Burdett
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
We analyze an equilibrium labor market with on-the-job search and experience effects (as workers learn by doing). The analysis yields a Mincer wage equation with worker fixed effects and endogenously determined firm fixed effects. Equilibrium sorting - where over time more experienced workers also tend to move to better paid employment - has a significant impact on wage inequality.
Author: Matteo Bobba
Publisher:
ISBN:
Category :
Languages : en
Pages : 65
Get Book Here
Book Description
We develop a search and matching model where firms and workers produce output that depends both on match-specific productivity and on worker-specific human capital. The human capital is accumulated while working but depreciates while searching for a job. Jobs can be formal or informal and firms post the formality status. The equilibrium is characterized by an endogenous steady state distribution of human capital and by an endogenous formality rate. The model is estimated on longitudinal labor market data for Mexico. Human capital accumulation on-the-job is responsible for more than half of the overall value of production and upgrades more quickly while working formally than informally. Policy experiments reveal that the dynamics of human capital accumulation magnifies the negative impact on productivity of the labor market institutions that give raise to informality.
Author: Michio Morishima
Publisher: Cambridge University Press
ISBN: 9780521466387
Category : Business & Economics
Languages : en
Pages : 228
Get Book Here
Book Description
Contemporary general equilibrium theory is characteristically short-run, separated from monetary aspects of the economy, and as such does not deal with long-run problems such as capital accumulation, innovation, and the historical movement of the economy. These phenomena are discussed by growth theory, which assumes a given or shifting production function, and in turn cannot therefore deal with the fundamental problem of growth, namely how the production function is derived. Thus traditional theories have a common weakness in that they divorce real economic growth from the activities of the financial sector. This book provides a much-needed synthesis of growth theory and monetary theory. Professor Morishima draws on the work of Schumpeter, Keynes and the pre-war neoclassical economists to formulate a capital-theoretic general equilibrium theory.
Author: Joan Robinson
Publisher: Springer
ISBN: 1349006262
Category : Business & Economics
Languages : en
Pages : 150
Get Book Here
Book Description
Author: Michael John Bazdarich
Publisher:
ISBN:
Category : Economic forecasting
Languages : en
Pages : 324
Get Book Here
Book Description
Author: Yochanan Shachmurove
Publisher:
ISBN:
Category :
Languages : en
Pages : 286
Get Book Here
Book Description
Author: L.D. Taylor
Publisher: Springer Science & Business Media
ISBN: 1475747098
Category : Business & Economics
Languages : en
Pages : 271
Get Book Here
Book Description
Capital, Accumulation, and Money: An Integration of Capital, Growth, and Monetary Theory is a book about capital. A root concept of capital is developed which allows for most existing concepts of capital to be unified and related to one another in consistent fashion. Such a root concept of capital offers a framework for integrating monetary and capital theory, and for analyzing the functioning of an economy, whether that economy is in a steady state of subsistence or in a process of sustainable growth. Specifically, it is shown that a conservation principle emerges that both implies and imposes a variety of constraints on the macro behavior of an economy, constraints which make for straightforward understanding and analysis of such concepts as the real stock of money, real-balance effects, and the general price level. New and illuminating insights are also provided into aggregate supply and demand, natural and money rates of interest, the relationship between real and monetary economies, and economic growth and development.
Author: Carlos Carrillo-Tudela
Publisher:
ISBN:
Category :
Languages : en
Pages : 43
Get Book Here
Book Description
