Results 111 to 120 of about 109,032 (285)
Bulletin of Economic Research, EarlyView.ABSTRACT This paper examines how labor‐supply responsiveness, captured by the inverse Frisch elasticity, shapes wage inequality in the presence of directed technical change and automation. We develop a dynamic general equilibrium model with task‐based production, heterogeneous labor, and endogenous R&D.
Óscar Afonso
wiley +1 more source
To Save or To Consume: Linking Growth Theory to with Keynesian Model [PDF]
In the neoclassical growth theory, higher saving rate gives rise to higher output per capita. However, in the Keynesian model, higher saving rate causes lower consumption, which may lead to a recession.
Yun-Kwong Kwok
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Alfred Marshall’s Puzzles. Between Economics as a Positive Science and Economic Chivalry [PDF]
, 2015 Alfred Marshall’s approach to economics hides a paradox. On one hand, the ‘father’ of neoclassical economics strongly favoured conducting economics as a positive science.
Dzionek-Kozłowska, Joanna
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How religion mediates the fertility response to maternity benefits
Economic Inquiry, EarlyView.Abstract Do religious beliefs affect responses to fertility incentives? We examine a 1982 maternity benefits expansion in Estonia, Latvia and Lithuania in a difference‐in‐differences framework with similar East European countries as comparisons. To isolate the importance of religion, we compare women who did and did not grow up in religious households ...
Elizabeth Brainerd, Olga Malkova
wiley +1 more source
Ecological Economics at a Crossroads [PDF]
During the past decade theoretical and empirical advances in neoclassical economics have resulted in the virtual rejection of the two pillars of traditional welfare economics-- rational economic man and perfect competition.
John M. Gowdy, Jon D. Erickson
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Reference dependence and lottery participation
Economic Inquiry, EarlyView.Abstract We assume that lottery participants are poor relative to their target income. Reference dependence with loss aversion can render the marginal utility of income non‐monotonic in line with the Friedman–Savage hypothesis. As a result, lottery participation can be rationalized without invoking probability weighting.
Robertas Zubrickas
wiley +1 more source
Examination of Afghanistan's Development Traps
Regional Science Policy &Practice, EarlyView., 2022 Abstract We examine the factors behind Afghanistan's persistent underdevelopment. Drawing on various theories of development traps operating at the demographic, economic and institutional levels, we seek to assess whether and to what extent their functioning affects Afghanistan's development. To capture the functioning of development traps empirically,
Klemen Knez, Tina G. Lokar
wiley +1 more source
Neoclassical consumer theory and genetically modified food [PDF]
Three axioms underpin consumer choice in neoclassical theory: weak order, independence, and continuity. Two of these axioms may not hold, however, for consumers’ choices regarding genetically modified (GM) food.
Kaye-Blake, William
core +1 more source
Brain Drain and Productivity Growth: Evidence From South Africa, 1947–2019
Economics of Transition and Institutional Change, EarlyView.ABSTRACT This paper provides empirical evidence of how high‐level human capital outflow could affect TFP‐based economic development and vice versa. The concern of potential endogeneity between brain drain and economic development is addressed directly.
Johannes Fedderke, Xiaodi Dong
wiley +1 more source
Resilience in a noisy urban system
Regional Science Policy &Practice, EarlyView., 2023 Abstract The ability of cities to recuperate from disturbances and return to their evolutionary pathways depends, first and foremost, on the type of damage that the shock created. But in addition, it depends on how information is transmitted in the urban system and on how noise filters distort the information that reaches economic agents.
Dani Broitman, Daniel Czamanski
wiley +1 more source