scholarly journals Nominal GDP Targeting With Heterogeneous Labor Supply

2017 ◽  
Author(s):  
James Bullard ◽  
Aarti Singh
Keyword(s):  
Labor Supply ◽  
Heterogeneous Labor

Resource-augmenting R&D with heterogeneous labor supply

2008 ◽  
Vol 13 (06) ◽  
pp. 719 ◽  
Author(s):  
JEAN-PIERRE AMIGUES ◽  
MICHEL MOREAUX ◽  
FRANCESCO RICCI
Keyword(s):  
Labor Supply ◽  
Heterogeneous Labor

scholarly journals The Impact of Immigration: Why Do Studies Reach Such Different Results?

2016 ◽  
Vol 30 (4) ◽  
pp. 31-56 ◽  
Author(s):  
Christian Dustmann ◽  
Uta Schönberg ◽  
Jan Stuhler
Keyword(s):  
Labor Supply ◽  
Empirical Models ◽  
Relative Wage ◽  
Empirical Literature ◽  
The Third ◽  
Experience Levels ◽  
Heterogeneous Labor ◽  
Wage Effects ◽  
The Impact ◽  
Biased Estimates

We classify the empirical literature on the wage impact of immigration into three groups, where studies in the first two groups estimate different relative effects, and studies in the third group estimate the total effect of immigration on wages. We interpret the estimates obtained from the different approaches through the lens of the canonical model to demonstrate that they are not comparable. We then relax two key assumptions in this literature, allowing for inelastic and heterogeneous labor supply elasticities of natives and the "downgrading" of immigrants. “Downgrading” occurs when the position of immigrants in the labor market is systematically lower than the position of natives with the same observed education and experience levels. Downgrading means that immigrants receive lower returns to the same measured skills than natives when these skills are acquired in their country of origin. We show that heterogeneous labor supply elasticities, if ignored, may complicate the interpretation of wage estimates, and particularly the interpretation of relative wage effects. Moreover, downgrading may lead to biased estimates in those approaches that estimate relative effects of immigration, but not in approaches that estimate total effects. We conclude that empirical models that estimate total effects not only answer important policy questions, but are also more robust to alternative assumptions than models that estimate relative effects.

scholarly journals Nominal GDP Targeting with Heterogeneous Labor Supply

2019 ◽  
Vol 52 (1) ◽  
pp. 37-77 ◽  
Author(s):  
JAMES BULLARD ◽  
AARTI SINGH
Keyword(s):  
Labor Supply ◽  
Heterogeneous Labor

Implications of higher retirement age for the labor market

2017 ◽  
pp. 22-39 ◽  
Author(s):  
M. Ivanova ◽  
A. Balaev ◽  
E. Gurvich
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Labor Supply ◽  
Labor Force ◽  
Labor Demand ◽  
Retirement Age ◽  
Demographic Trends ◽  
Men And Women ◽  
Demographic Projections ◽  
The Impact

The paper considers the impact of the increase in retirement age on labor supply and economic growth. Combining own estimates of labor participation and demographic projections by the Rosstat, the authors predict marked fall in the labor force (by 5.6 million persons over 2016-2030). Labor demand is also going down but to a lesser degree. If vigorous measures are not implemented, the labor force shortage will reach 6% of the labor force by the period end, thus restraining economic growth. Even rapid and ambitious increase in the retirement age (by 1 year each year to 65 years for both men and women) can only partially mitigate the adverse consequences of demographic trends.

Labor Supply and Poverty of the Elderly

2017 ◽  
Vol 19 (2) ◽  
pp. 71-93
Author(s):  
Seung-Hoon Jeon ◽  
Deokho Cho
Keyword(s):  
Labor Supply ◽  
The Elderly
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