References of "Reports"
     in
Bookmark and Share    
See detailPreferences and the Dynamic Representative Consumer
Koulovatianos, Christos UL

Report (2005)

This paper provides families of time-separable, twice continuously differentiable, and strictly concave utility functions of a group of consumers that are both suffcient and necessary in order to have ... [more ▼]

This paper provides families of time-separable, twice continuously differentiable, and strictly concave utility functions of a group of consumers that are both suffcient and necessary in order to have linear aggregation in a single-commodity-type deterministic dynamic environment, in the presence of consumer wealth-, labor-productivity, and preference heterogeneity, for alternative settings where the rates of time preference can be the same or different across consumers. The employed concept of linear aggregation pertains the existence of a representative consumer with a time-separable utility function. It is proved that when the rates of time preference are choice-independent and heterogeneous across consumers, a representative consumer exists if, and only if, the momentary utility functions of all consumers are exponential. Results are also provided for, (i) common across consumers choice-independent rates of time preference, and, (ii) heterogeneous choice-dependent rates of time preference, and compared with previously identified sufficient conditions for aggregation in the existing literature. [less ▲]

Detailed reference viewed: 95 (1 UL)
See detailThe Effects of Market Structure on Industry Growth: Rivalrous Non-excludable Capital
Koulovatianos, Christos UL; Mirman, Leonard J.

Report (2005)

We analyze imperfect competition in dynamic environments where firms use rivalrous but nonexcludable industry-specific capital that is provided exogenously. Capital depreciation depends on utilization, so ... [more ▼]

We analyze imperfect competition in dynamic environments where firms use rivalrous but nonexcludable industry-specific capital that is provided exogenously. Capital depreciation depends on utilization, so firms influence the evolution of the capital equipment through more or less intensive supply in the final-goods market. Strategic incentives stem from, (i) a dynamic externality, arising due to the non-excludability of the capital stock, leading firms to compete for its use (rivalry), and, (ii) a market externality, leading to the classic Cournot-type supply competition. Comparing alternative market structures, we isolate the effect of these externalities on strategies and industry growth. [less ▲]

Detailed reference viewed: 87 (2 UL)
See detailEuropean Union foreign direct investment yearbook 2005
Passerini, Paolo; Margherita, Antonia UL; Kounadis, Vasileios et al

Report (2005)

In the European Union direct investment pocketbook 2005, Eurostat presents and analyses harmonised statistics on FDI flows, stocks and income for the EU as a whole.

Detailed reference viewed: 28 (5 UL)
Full Text
See detailCompétitivité de l’économie luxembourgeoise 2004
Bourgain, Arnaud UL; Bley, Laurent; Pieretti, Patrice UL et al

Report (2005)

Detailed reference viewed: 30 (1 UL)
Full Text
See detailCompétitivité de l'économie luxembourgeoise
Bourgain, Arnaud UL; Bley, Laurent; Pieretti, Patrice UL et al

Report (2005)

Detailed reference viewed: 46 (0 UL)
See detailNeoclassical Growth and the 'Trivial' Steady State
Hakenes, Hendrik; Irmen, Andreas UL

Report (2005)

If capital is an essential input, the neoclassical growth model has a steady state with zero capital. From this, one is inclined to conclude that an economy starting without capital can never grow. We ... [more ▼]

If capital is an essential input, the neoclassical growth model has a steady state with zero capital. From this, one is inclined to conclude that an economy starting without capital can never grow. We challenge this view and claim that, if the production function satisfies the Inada conditions, a take-off is possible even though the initial capital stock is zero and capital is essential. Since the marginal product of capital is initially infinite, the ‘trivial’ steady state becomes so unstable that the solution to the equation of motion involves the possibility of a take-off, even without capital. When it happens, the take-off is spontaneous; there is no causality. [less ▲]

Detailed reference viewed: 140 (3 UL)
See detailLess-educated Young Adults Face Challenging Transitions from School to Work
Hillmert, Steffen; Powell, Justin J W UL

Report (2005)

This expert report summarizes recent social science research literature on school-to-work transitions, emphasizing the opportunity, experience and performance gaps between the highly skilled and low ... [more ▼]

This expert report summarizes recent social science research literature on school-to-work transitions, emphasizing the opportunity, experience and performance gaps between the highly skilled and low skilled. Questions addressed in this report include: which youth have a higher risk of failing to transition successfully from school to vocational training, and what are the pathways that lead to a higher probability of low education attainment? Which solutions to these difficulties have been proposed? Which factors may contribute to low qualified youth’s successful entry into work? To answer such questions, the report reviews current international research results and shows how these studies can be used in evaluating the situations faced by at-risk youth. Where possible, the findings for Germany are embedded within a broader international comparison to illustrate a variety of approaches to the study of transitions from the world of schooling and training to the world of work, including training schemes and programs designed to serve at-risk youth. [less ▲]

Detailed reference viewed: 81 (0 UL)
See detailOn the Income Dependence of Equivalence Scales
Koulovatianos, Christos UL; Schroder, Carsten; Schmidt, Ulrich

Report (2004)

We suggest a simple survey method for obtaining direct subjective estimates of equivalence scales, also appropriate for testing whether equivalence scales depend on reference-household income. We ... [more ▼]

We suggest a simple survey method for obtaining direct subjective estimates of equivalence scales, also appropriate for testing whether equivalence scales depend on reference-household income. We implement our approach in two countries, Germany and France. In both countries independence of base is rejected. In particular, we find that equivalence scales depend negatively on reference income, an indication of increasing economies of scale in household consumption as living standards go up. Our estimation method is non-parametric, and it allows us to test generalized equivalence-scale exactness, which is not rejected in any of our samples. [less ▲]

Detailed reference viewed: 110 (1 UL)
Full Text
See detailEvaluation of the use of new technologies in order to facilitate democracy in Europe
Kies, Raphaël UL; Mendez, Fernando; Schmitter, Philippe et al

Report (2004)

Detailed reference viewed: 99 (1 UL)
Full Text
See detailCompétitivité de l’économie luxembourgeoise 2003
Bourgain, Arnaud UL; Cardi, Olivier; Pieretti, Patrice UL et al

Report (2004)

Detailed reference viewed: 40 (1 UL)
See detailCombining multiple viewpoints on genetically modified foods
König, Ariane UL

Report (2004)

Detailed reference viewed: 91 (10 UL)
Full Text
See detailL’école connaît la violence qu’elle mérite
Fehlen, Fernand UL

Report (2004)

Detailed reference viewed: 66 (1 UL)
See detailTEPGEM Strategiepapier zur Umsetzung von Gender Mainstreaming in den Beschäftigungspakten Österreichs
Hoenig, Barbara UL; Gender Mainstreaming Plattform der Beschäftigungspakte Österreichs

Report (2004)

Detailed reference viewed: 23 (1 UL)
Full Text
See detail4th Conference on Poisson Geometry and related fields
Poncin, Norbert UL

Report (2004)

Speakers' abstracts and list of participants of the International Conference on 'Poisson Geometry and related fields' organized in June 2004 at the University of Luxembourg by Norbert Poncin

Detailed reference viewed: 73 (12 UL)
See detailEndogenous Public Policy and Long-Run Growth
Koulovatianos, Christos UL; Mirman, Leonard J.

Report (2004)

. We study the determinants of voting outcomes on the provision of public consumption through marginal income taxes in the context of the simple linear growth model. We focus on how the dynamic ... [more ▼]

. We study the determinants of voting outcomes on the provision of public consumption through marginal income taxes in the context of the simple linear growth model. We focus on how the dynamic politicoeconomic equilibrium maps the economic fundamentals to policies and long-run growth. We find that in a deterministic growth environment voters internalize, although imperfectly, the deadweight losses of taxation and vote for lower taxes when the productivity of capital is higher. Therefore, the politicoeconomic channel reinforces the positive role of productivity for growth. In a stochastic environment, we find that if business cycles are driven by productivity shocks in the endogenous growth framework, equilibrium policies imply that taxes should fall in high growth periods and rise in low-growth periods. In line with existing evidence, our model predicts procyclical public consumption and countercyclical public consumption GDP shares. [less ▲]

Detailed reference viewed: 88 (1 UL)
See detailÉtude sur l'impact de l'aide médico-psychologique aux personnes désirant arrêter de fumer
Mancuso, Giovanna UL; Coulon, Juan; Autier, Philippe et al

Report (2004)

Detailed reference viewed: 24 (0 UL)
See detailEuropean Family Care Project. National Background Report on Luxembourg
Ferring, Dieter UL; Weber, G.

Report (2004)

Detailed reference viewed: 23 (0 UL)
Full Text
See detailExtensive and Intensive Growth in a Neoclassical Framework
Irmen, Andreas UL

Report (2004)

Extensive growth based on the expansion of inputs is likely to be subject to diminishing returns. Therefore it is often viewed as having no effect on per capita magnitudes in the long run. This Paper ... [more ▼]

Extensive growth based on the expansion of inputs is likely to be subject to diminishing returns. Therefore it is often viewed as having no effect on per capita magnitudes in the long run. This Paper argues that periods of extensive growth through capital accumulation may be a precursor to periods of intensive growth during which output per unit of input grows through endogenous technical change. Such a sequence of stages of development occurs as capital accumulation affects the incentives to engage in labour-saving technical change. A steady rise in the capital-labour ratio affects the relative scarcity of factors of production, their (expected) relative price, and induces innovation investments. [less ▲]

Detailed reference viewed: 115 (5 UL)
See detailThe Effects of Market Structure on Industry Growth
Koulovatianos, Christos UL; Mirman, Leonard J.

Report (2004)

We study the behavior of firms in an imperfectly competitive environment in which firms influence the evolution of the stock of capital equipment. Our model enables us, using analytical characterizations ... [more ▼]

We study the behavior of firms in an imperfectly competitive environment in which firms influence the evolution of the stock of capital equipment. Our model enables us, using analytical characterizations, to show the effect of key ingredients of dynamic competition on firm strategies and industry dynamics in addition to the usual static interaction. These effects are the static market externality (implicit in the static Cournot Equilibrium) as well as the dynamic market externality due to the effect on the market outputs of a capital stock and a dynamic externality that stems from the competition between firms for the capital stock. These strategic elements justify our conclusions, based on the study of four market structures, for the link between industrial organization and industry growth [less ▲]

Detailed reference viewed: 121 (3 UL)
See detailRedistributive Policies through Taxation: Theory and Evidence
GRANT, Charles; Koulovatianos, Christos UL; MICHAELIDES, Alexander et al

Report (2003)

Increasing marginal tax rates and making payments to the poor reduce inequality and introduce savings dis-incentives. Using a heterogeneous agent model with incomplete markets, we show that higher taxes ... [more ▼]

Increasing marginal tax rates and making payments to the poor reduce inequality and introduce savings dis-incentives. Using a heterogeneous agent model with incomplete markets, we show that higher taxes (and transfers) decrease consumption inequality but also mean savings and mean consumption. This demonstrates the trade-off between equity and efficiency. These theoretical predictions are tested by exploiting differences in tax rates across US states. Using two surveys, the Consumer Expenditure Survey and the Current Population Survey, we show that the empirical evidence supports the theory, and that there is a comparatively small fall in efficiency for a given gain in equity associated with higher taxation. [less ▲]

Detailed reference viewed: 40 (1 UL)
See detailThe Effects of Market Structure on Industry Growth
Koulovatianos, Christos UL; Mirman, Leonard J.

Report (2003)

We study the behavior of firms in an imperfectly competitive environment in which firms influence the evolution of the stock of capital equipment. Our model enables us, using analytical characterizations ... [more ▼]

We study the behavior of firms in an imperfectly competitive environment in which firms influence the evolution of the stock of capital equipment. Our model enables us, using analytical characterizations, to show the effect of key ingredients of dynamic competition on firm strategies and industry dynamics in addition to the usual static interaction. These effects are the static market externality (implicit in the static Cournot Equilibrium) as well as the dynamic market externality due to the effect on the market outputs of a capital stock and a dynamic externality that stems from the competition between firms for the capital stock. These strategic elements justify our conclusions, based on the study of four market structures, for the link between industrial organization and industry growth. [less ▲]

Detailed reference viewed: 76 (3 UL)
See detailR\&D Investment, Market Structure, and Industry Growth
Koulovatianos, Christos UL; Mirman, Leonard J.

Report (2003)

We study how alternative market structures influence market supply and R\&D investment decisions of firms operating in dynamic imperfectly competitive environments. Firms can reduce their future ... [more ▼]

We study how alternative market structures influence market supply and R\&D investment decisions of firms operating in dynamic imperfectly competitive environments. Firms can reduce their future production cost through R\&D investment today, which is the engine of endogenous industry growth. Our framework enables us to identify key strategic ingredients in firms dynamic competitive behavior through analytical characterizations. These ingredients are a static market externality, stemming from the standard oligopolistic Cournot competition, a dynamic externality that arises due to knowledge spillovers, and a dynamic market externality that comes from the interaction of knowledge spillovers with future market oligopolistic competition that firms internalize while making decisions. We isolate the impact of each strategic ingredient by comparing four alternative market structures. [less ▲]

Detailed reference viewed: 92 (1 UL)
See detailFerdamenn i Fridlondum
Saethorsdottir, Anna Dora; Olafsdottir, Gunnthora UL

Report (2003)

Detailed reference viewed: 28 (0 UL)
Full Text
See detailGewalt an luxemburger Grundschulen.
Martin, Romain UL; Kerger, Sylvie UL; Kugeler, Anne et al

Report (2003)

Detailed reference viewed: 42 (0 UL)
See detailSelf resources in advanced and old age - European study of adult well-being
Weber, Germain UL; Glück, Judith; Sassenrath, S. et al

Report (2003)

Detailed reference viewed: 36 (2 UL)
See detailPhysical health and functional status. European Study of Adult Wel-being (ESAW): Comparative Report
Ferring, Dieter UL; Rahm-Hallberg, Ingalill; Windle, Gilles et al

Report (2003)

Detailed reference viewed: 24 (2 UL)
See detailSocial Support Resources - European Study of Adult Well-Being Comparative report
Burholt, Vanessa UL; Wenger, G.; Lamura, G. et al

Report (2003)

Detailed reference viewed: 47 (2 UL)
See detailMaterial Security- European Study of Adult Well-being (ESAW) Comparative report
Lamura, G.; Balducci, Christian; Melchiorre, M. G. et al

Report (2003)

Detailed reference viewed: 40 (0 UL)
See detailComparative report on physical health and functional status
Ferring, Dieter UL; et, Al

Report (2003)

Detailed reference viewed: 19 (0 UL)
Full Text
See detailLes modes opéatoires de la cryptographie symétrique
Schiltz, Jang UL

Report (2003)

Detailed reference viewed: 38 (0 UL)
See detailZelfbeeld en gedrag van kinderen met spina bifida en hydrocephalus in Nederland
de Wit, O; Pit-Ten Cate, Ineke UL; Stevenson, J

Report (2003)

Detailed reference viewed: 69 (0 UL)
Full Text
See detailCompétitivité de l’économie luxembourgeoise 2002
Bourgain, Arnaud UL; Cardi, Olivier; Pieretti, Patrice UL et al

Report (2003)

Detailed reference viewed: 42 (0 UL)
See detailÞolmörk ferðamennsku í friðlandi á Lónsöræfum
Saethorsdottir, Anna Dora; Gisladottir, Gudrun; Aradottir, Bergthora et al

Report (2003)

Detailed reference viewed: 31 (1 UL)
Full Text
See detailNational Minimum Wages, Capital Mobility and Global Economic Growth
Irmen, Andreas UL; Wigger, Berthold

Report (2002)

How do national minimum wages affect global economic growth? We address this question in a two-country endogenous growth model with capital mobility that emphasizes a link between wages, savings and ... [more ▼]

How do national minimum wages affect global economic growth? We address this question in a two-country endogenous growth model with capital mobility that emphasizes a link between wages, savings and growth. We identify the conditions on technology and national preferences that determine whether national minimum wages are a stimulus or an obstacle to growth. Technology matters because it determines the functional distribution of global income as well as output effects associated with the emergence of national unemployment due to minimum wages. Interestingly, differences in national savings propensities do not only affect the strength of the growth effect associated with minimum wages but may even determine its direction. [less ▲]

Detailed reference viewed: 86 (1 UL)
See detailSeV - Skala zum erlebten Veränderungsdruck (SVD). Test Review.
Ferring, Dieter UL; Filipp, Sigrun-Heide; Vaitl, Dieter

Report (2002)

Detailed reference viewed: 107 (0 UL)
Full Text
See detailRSA - bases mathématiques
Schiltz, Jang UL

Report (2002)

Detailed reference viewed: 14 (0 UL)
Full Text
See detailNational Minimum Wages, Capital Mobility and Global Economic Growth
Irmen, Andreas UL; Wigger, Berthold

Report (2002)

How do national minimum wages affect global economic growth? We address this question in a two-country endogenous growth model with capital mobility that emphasizes a link between wages, savings and ... [more ▼]

How do national minimum wages affect global economic growth? We address this question in a two-country endogenous growth model with capital mobility that emphasizes a link between wages, savings and growth. We identify the conditions on technology and national preferences that determine whether national minimum wages are a stimulus or an obstacle to growth. Technology matters because it determines the functional distribution of global income as well as output effects associated with the emergence of national unemployment due to minimum wages. Interestingly, differences in national savings propensities do not only affect the strength of the growth effect associated with minimum wages but may even determine its direction. [less ▲]

Detailed reference viewed: 84 (2 UL)
Full Text
See detailCompétitivité de l’économie luxembourgeoise 2001
Bourgain, Arnaud UL; Pieretti, Patrice UL; Schuller, Guy

Report (2002)

Detailed reference viewed: 33 (1 UL)
See detailTowards a Closing of the Gender Pay Gap: Country Report Austria.
Egger de Campo, Marianne; Hoenig, Barbara UL; Kreimer, Margareta et al

Report (2002)

Austria shows one of the highest gender wage differentials among the European countries; in 1999, Austrian women's average earnings reached only 65 % of that of their male compatriots. This wage gap ... [more ▼]

Austria shows one of the highest gender wage differentials among the European countries; in 1999, Austrian women's average earnings reached only 65 % of that of their male compatriots. This wage gap decreased during the 1980s but again increased in the 1990s, although female employment rates had been rising ever since. In the 2010s, Austria still is among those countries with the highest gender pay gap of the enlarged EU28. This already points to the very main characteristic of the Austrian gender wage gap: Most of the increase of female labour market participation has been realized in part-time jobs, which not only decreases gross earnings but also chances to get promoted, and thus access to better paid jobs. [less ▲]

Detailed reference viewed: 46 (3 UL)
See detailArchitecture des gigarouteurs
Bernard, Nicolas UL; Ménier, Clément

Report (2002)

Detailed reference viewed: 40 (1 UL)
See detailLa formation dans les entreprises luxembourgeoises
Houssemand, Claude UL

Report (2002)

Detailed reference viewed: 17 (0 UL)
Full Text
See detailDie Qualitätsdebatte in der Sozialpädagogik. Ein Literaturbericht
Köpp, Christina; Neumann, Sascha UL

Report (2002)

Detailed reference viewed: 30 (1 UL)
See detailLa formation professionnelle continue
Houssemand, Claude UL

Report (2002)

Detailed reference viewed: 29 (1 UL)
Full Text
See detailPeriurbanisation, the situation in Europe: a bibliographical note and survey of studies in the Netherlands, Belgium, Great Britain, Germany, Italy and the Nordic Countries
Caruso, Geoffrey UL

Report (2001)

In this report the extent of "peri-urbanisation" in Europe is analysed. The aim is to give an insight into the ways in which "peri-urban" processes are described in different European countries. The work ... [more ▼]

In this report the extent of "peri-urbanisation" in Europe is analysed. The aim is to give an insight into the ways in which "peri-urban" processes are described in different European countries. The work has been undertaken for DATAR (Délégation à l'Aménagement du Territoire et à l'Action Régionale, France) as part of their ongoing study of "peri-urbanisation" in France. Urban development is one of the major concerns for the future of rural areas and ecological zones. This work contributes to the "peri-urban" debate by taking a European perspective that complements local or national case studies. The focus is on the spatial aspects of peri-urbanisation and on its recent demographic trends. The report is divided into three parts : The first part consists of a general discussion about the diversity of concepts used to analyse peri-urban processes, and provides an overview of urbanisation typologies and global trends in the EU. In the second the spatial extent and the description of peri- urban processes is discussed for different countries: The Netherlands, Belgium, Great Britain, Germany and Italy. Some bibliographical references are also given for the Nordic countries. The third part summarises the main spatial and demographic trends and identifies some of the similarities and differences between the countries considered. A bibliography is provided at the end of the report and includes references on some additional countries. It is shown how diverse can be the tools used to assess peri-urbanisation. Nevertheless, there is a clear diffusion of population towards commuting and rural areas of Europe. A growing share of national territories and population are concerned with this process. Changes in the urban-rural interface are driven by similar behaviour throughout Europe, but slight differences can be observed. Local geographic and demographic specificities, regional economic dynamism, historic settlements as well as spatial policies differentiate the evolution and morphology of European peri-urban areas today. [less ▲]

Detailed reference viewed: 345 (3 UL)
Full Text
See detailCompétitivité de l’économie luxembourgeoise 2000
Bourgain, Arnaud UL; Pieretti, Patrice UL; Schuller, Guy

Report (2001)

Detailed reference viewed: 39 (0 UL)
See detailDe pedagogische taak van de sportvereniging
Biesta, Gert UL; Stams, G. J. J. M.; Dirks, E. et al

Report (2001)

Detailed reference viewed: 36 (0 UL)
See detailGrundsicherung aus einer gleichstellungsorientierten Genderperspektive. Unveröffentlichter Forschungsbericht.
Kreimer, Margareta; Hoenig, Barbara UL

Report (2001)

Was bringt Grundsicherung den Frauen tatsächlich? Inwieweit können sozialrechtliche Absicherungen 'typischen Frauenbiografien' eine Mindestsicherheit bieten? Welche unbeabsichtigten Folgen hätte eine ... [more ▼]

Was bringt Grundsicherung den Frauen tatsächlich? Inwieweit können sozialrechtliche Absicherungen 'typischen Frauenbiografien' eine Mindestsicherheit bieten? Welche unbeabsichtigten Folgen hätte eine realisierte Grundsicherung für Frauen? Aus feministischer Sicht wird häufig befürchtet, Grundsicherung könnte zur Rechtfertigung der Verdrängung von Frauen aus dem Erwerbsarbeitsmarkt genützt werden. Angesichts einer verschärften Arbeitsmarktsituation für Frauen und ihrer Doppelbelastung sind diese Bedenken verständlich. Neben speziellen Auswirkungen auf Frauen geht es auch um die Frage, wie allgemeinen Mechanismen geschlechtstypischer Diskriminierung von Frauen durch gerechte Formen der Existenzsicherung entgegengewirkt werden kann. [less ▲]

Detailed reference viewed: 26 (2 UL)
Full Text
See detailTrade Union Objectives and Economic Growth
Irmen, Andreas UL; Wigger, Berthold

Report (2001)

A trade union whose purpose is to raise wages above the competitive level may foster economic growth if it succeeds in shifting income away from the owners of capital to the workers and if the workers ... [more ▼]

A trade union whose purpose is to raise wages above the competitive level may foster economic growth if it succeeds in shifting income away from the owners of capital to the workers and if the workers' marginal propensity to save exceeds the one of capitalists. We make this point in an overlapping generations framework with unionized labor. Considering a monopoly union which cares for wages and employment, we determine a range of trade union objectives and characterize the aggregate technology so that the union's policy spurs per capita income growth and increases welfare of all generations that adhere to the union. [less ▲]

Detailed reference viewed: 80 (1 UL)
Full Text
See detailWage Growth, Productivity Growth, and the Evolution of Employment
Hellwig, Martin F.; Irmen, Andreas UL

Report (2001)

This Paper studies the impact of wage growth on the evolution of employment in an intertemporal general-equilibrium model with endogenous productivity growth. For real wage growth above laissez-faire ... [more ▼]

This Paper studies the impact of wage growth on the evolution of employment in an intertemporal general-equilibrium model with endogenous productivity growth. For real wage growth above laissez-faire levels, we obtain steady-state equilibria in which productivity grows at the same rate as wages, the real interest rate is below the laissez-faire level, and so is the common growth rate of consumption, demand, and output. In these steady-state equilibria employment contracts at a constant rate equal to the difference between the growth rates of productivity and output. This contrasts with the view that equality of wage growth and productivity growth is a condition for constant employment. [less ▲]

Detailed reference viewed: 55 (0 UL)
Full Text
See detailWage Growth, Productivity Growth, and the Evolution of Employment
Hellwig, Martin F.; Irmen, Andreas UL

Report (2001)

This Paper studies the impact of wage growth on the evolution of employment in an intertemporal general-equilibrium model with endogenous productivity growth. For real wage growth above laissez-faire ... [more ▼]

This Paper studies the impact of wage growth on the evolution of employment in an intertemporal general-equilibrium model with endogenous productivity growth. For real wage growth above laissez-faire levels, we obtain steady-state equilibria in which productivity grows at the same rate as wages, the real interest rate is below the laissez-faire level, and so is the common growth rate of consumption, demand, and output. In these steady-state equilibria employment contracts at a constant rate equal to the difference between the growth rates of productivity and output. This contrasts with the view that equality of wage growth and productivity growth is a condition for constant employment. [less ▲]

Detailed reference viewed: 59 (1 UL)
See detailThe Workings of Scientific Communities
Cowan, Robin; Jonard, Nicolas UL

Report (2001)

No abstract is available for this item.

Detailed reference viewed: 75 (0 UL)
Full Text
See detailCompétitivité de l’économie luxembourgeoise 1999
Bourgain, Arnaud UL; Pieretti, Patrice UL; Schuller, Guy

Report (2000)

Detailed reference viewed: 34 (0 UL)
See detailNormen en waarden in de jeugdsport. Een pilot-studie.
Biesta, Gert UL; Stams, G.J.J.M.; Rutten, E. et al

Report (2000)

Detailed reference viewed: 47 (0 UL)