The Devil is in the Shadow: Do Institutions Affect Income and Productivity or Only Official Income and Official Productivity?
نویسندگان
چکیده
منابع مشابه
Productivity Shocks , Dynamic Contracts and Income Uncertainty ∗
This paper examines how employer and worker specific productivity shocks transmit to wage and employment in an economy with search frictions and firm commitment. I develop an equilibrium search model with worker and firm shocks and characterize the optimal contract offered by competing firms to attract and retain workers. In equilibrium risk-neutral firms offer risk-averse workers contingent co...
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In 2010, the World Bank categorized countries in per capita gross domestic product in terms of purchasing power parity (at constant 1990 prices) in three categories: low, middle (lower and upper) and high income. If a country caught at least 28 years in lower middle income level and at least 14 years caught in upper middle-income level, then they are trapped in lower middle and upper middle...
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by Jeremy Greenwood Jeremy Greenwood is a professor of economics at the University of Rochester. Thanks go to Marvin Kosters for his helpful comments. This article is based on “1974,” a paper written in collaboration with Mehmet Yorukoglu, who played a vital role in pursuing this line of research. This article was also published as a monograph, under the title used here, by the American Enterpr...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2007
ISSN: 1556-5068
DOI: 10.2139/ssrn.1031095