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作者：Leonardi, Marco
作者单位：University of Milan
摘要：This article documents the increasing dispersion of capital-labour ratios across firms in the US and provides some empirical evidence of a positive correlation at the two-digit industry level between the dispersion of capital-labour ratios across firms and residual wage inequality. To explain this empirical fact, the article adopts a search model where the exogenous decline in the relative price of equipment capital makes the distribution of capital-labour ratios more dispersed and increases w...
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作者：Aslund, Olof; Rooth, Dan-Olof
摘要：This article investigates the long-term effects on immigrant earnings and employment of labour market conditions encountered upon arrival. We find that early earnings assimilation depends crucially on a favourable national labour market. Exposure to high local unemployment rates also affects individuals for at least ten years. To handle the issue of selective migration, we compare refugees entering Sweden during a severe and unexpected recession to refugees arriving during a preceding economic...
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作者：Bottazzi, Laura; Peri, Giovanni
作者单位：University of Bologna; University of California System; University of California Davis; National Bureau of Economic Research
摘要：In this article we estimate the dynamic relationship between employment in R&D and generation of knowledge as measured by patent applications across OECD countries. In several recently developed models, known as 'idea-based' models of growth, the 'idea-generating' process is the engine of productivity growth. Moreover, in real business cycle models technological shocks are an important source of fluctuations. Our empirical strategy is able to test whether knowledge spillovers are strong enough...
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作者：Campbell, David; Carruth, Alan; Dickerson, Andrew; Green, Francis
作者单位：University of Kent; University of Sheffield
摘要：This article examines whether subjective expectations of unemployment are reliable indicators of the probability of becoming unemployed and investigates their association with wage growth. We find that workers' fears of unemployment are increased by their previous unemployment experience and by the unemployment experiences of a close friend, and are associated with other objective indicators of insecure jobs. We then show that unemployment fear predicts future unemployment, above and beyond ob...
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作者：Ekholm, Karolina; Hakkala, Katariina
作者单位：Research Institute of Industrial Economics (IFN); Stockholm School of Economics
摘要：This article extends the theory of multinational firms by allowing for agglomeration forces in firm-level activities such as R&D as well as in production. We develop a two-country general-equilibrium model where firms make separate choices about the location of R&D and production. There are R&D spillovers and a home-market effect creating incentives for firms to locate production in the relatively large market. For relatively weak R&D spillovers and intermediate trade costs, the smaller econom...
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作者：Sarafidis, Yianis
作者单位：Yale University
摘要：How should a rational agent (politician/employee/advertiser) release information in order to manipulate the memory imperfections of his forgetful assessor (electorate/supervisor/consumer)? This article attempts to answer this question using a memory model based on the principles of recency, similarity and repetition. I show that the problem of a rational agent who releases information to a forgetful assessor can be modelled as a standard dynamic optimisation problem and we describe the propert...
