this paper tries to survey the relationship between national revenue growth with the governments current expenditure, which increases under the effect of the governments transfer payments composed of basic goods subsidies. the paper uses a dynamic two-sector equation that was formulated according to irans economic structure characteristics. the solution of the model by way of reduced form equat...

Subjective Discount Rates, Intergenerational Transfers and the Return to Schooling Using a dynamic programming model of schooling decisions, we investigate the relationship between subjective discount rates and the labor market ability (the discount rate bias) on a panel taken from the National Longitudinal Survey of Youth (NLSY). Given household human capital and Armed Forces Qualification tes...

Based on the China Regional Input-Output tables 2002 and other data from various sources, a 30 regions recursive dynamic computable general equilibrium model (CGE) was constructed to study the effect of inter-regional labor migration in China. This model has taken into account of many characteristics of migration in China, such as wage gap between migration and local workers, population migrati...

The 2007-2009 recession has witnessed two phenomena that standard search models of the labor market have difficulty reconciling: a large and persistent increase in unemployment and a sharp rise, above pre-recession levels, in labor productivity following a small initial drop. In addition, these observations were accompanied by a significant increase in the dispersion of firm growth rates. In th...

This paper investigates how the labor market institutions that characterize most of the European countries affect the integration process of younger workers on the labor market. We argue that young workers have private information about their abilities when entering the labor market. However, this information asymmetry does not prevail as the production process reveals the worker’s type. Advers...