In many countries, taxes on businesses are less progressive than labor income taxes. This paper provides a justification for this pattern based on adverse selection that entrepreneurs face in credit markets. Individuals choose between becoming entrepreneurs or workers and differ in their skill in both of these occupations. I find that endogenous cross-subsidization in the credit market equilibr...

This paper provides an overview of research issues related to the effects of the growing migration of highly skilled workers on the world economy and economic policy, with special reference to the international mobility of scientists and engineers. It points out U.S. data sets (collected by the National Science Foundation's Division of Science Resources Statistics, other Government agencies, an...

We model a market where the surpluses from seller-buyer matches are heterogeneous but common knowledge. Price setting is synchronous with search: buyers simultaneously make one personalized offer each to the seller of their choice. With impatient players efficient coordination is not possible, and both temporary and permanent mismatch occurs. Nonetheless, for patient players efficient matching ...

This research argues that the rapid expansion of international trade in the second phase of the industrial revolution has played a significant role in the timing of demographic transitions across countries and has thereby been a major determinant of the distribution of world population and a prime cause of the Great Divergence in income per capita across countries in the last two centuries. The...

Following the notion of skill-biased FDI fl ows from developed to less developed regions, high-skilled workers are likely to benefi t from FDI to a larger extent. They earn a productivity advantage that potentially transfers into a skilled wage premium. This gives rise to distributional confl ict that might turn into heterogeneous attitudes toward FDI infl ows in line with skill. In this paper ...

This paper proposes a multi-industry trade model with integrated capital and goods markets. Labor market imperfections in line with Mortensen and Pissarides (Job Creation and Job Destruction in the Theory of Unemployment, 1994) give rise to unemployment and a channel for the government to influence markets through institutional changes. Labor market interventions feedback into the product marke...

Labor markets in all Organization for Economic Cooperation and Development (OECD) economies are under stress. Two main factors generate the pressure, although the precise contributions of these factors to unemployment and wage growth remain to be determined. The first factor is an apparent shift in the bias of technology toward skilled-labor-intensive methods of production. The second factor is...

This paper develops a micro-perspective indicator of job stability, and by using data from the 2018 Micro China Family Panel Studies (CFPS-2018), it empirically examines impact stability on non-farm employment urban rural residents in China. The results showcase: Firstly, is core factor labor force participation at present; secondly, based heterogeneous exploration urban-rural household registr...

The low utilization of skilled birth attendants sustained high maternal mortality. The aim of this study was to assess its magnitude and correlates in Northwest Ethiopia. A study was conducted on 373 randomly selected women who gave birth in the 12 months preceding the survey. Correlates were identified using binary logistic regression. Skilled birth attendance was 18.8%. Inability to perform c...