C e n tr a liz e d. With 2 Communities. With 3 Communities. -4. -2. 0. 2. 4. 6. 8. -4. -3. -2. -1. 0. 1. 2. 3. 4. Labor supply logtheta. Labor supp ly. With 3 Communities. With 4 Communities. With 5 Communities. Figure A1: Equilibrium individual labo

We use information technology and tools to increase productivity and ... first they may either invest in human capital and acquire education or else work as.

countries over the period 1971$2000, obtain a clear$cut result as they find that a higher degree of ... interpreted as an educational effort or labor supply$ that determines their income which in turn is crucial for their .... jurisdictions reveals t

on consumption and saving. ..... high enough initial wealth, due to a higher interest rate for borrowers. ... the lending and borrowing interest rates is high too:.

to account for observed differences in incomes. We also provide evidence of ... with lower rates of time preference (higher saving rates) have better technologies ...

especially Pamela Jervis, Javier Núñez, Guillermo Paraje and Bob Sutcliffe made very useful. contributions. Participants at several ... Samuelson predicted in his trade-related factor-price-equalisation theorem (1948 and. 1949), following his work

Moreover, with Spence-Dixit-Stiglitz (SDS) preferences the elasticity of residual demand is constant and the same .... single sector where consumers have the same SDS preferences over products:12. U = [. ∑ v qρ v. ]1/ρ ..... served (relative to t

Increasing poverty and declining productive potential resulting from stabilization programs aimed at ..... the farm sector is relatively small, a cheap food policy based on higher imports will increase ...... Bloomington, IN: Indiana University. Pres

Jan 11, 2010 - Texas Health Science Center, 3500 Camp Bowie Boulevard, Fort Worth, TX 76107, USA, ..... community to the first degree, for each threshhold.

distribution of income at the center of the analysis. Key Words: Intra-industry trade, .... 6Empirical studies that document these practices include retail gasoline (Shepard (1991)), textbooks. (Clerides (2002)) ... trade costs. To examine the role o

E-mail: [email protected]. (Received: 4 May 2004; accepted: 19 ... because they explicitly refuse to do so or nobody is at home. In the literature, this.

aCES, Université Paris 1 Panthéon-Sorbonne, 106-112 bd de l'Hopital 75013 Paris, France. bUniversidad Carlos III de Madrid, Calle Madrid 126, 28903 Getafe, Madrid, Spain. Available online 28 July 2006. Abstract. Empirical evidence, obtained from no

young, price elasticities of housing demand and supply ..... price through the equilibrium condition for the ...... cial Choice and Weifare, March 1998, f5. (2), pp.

Nov 27, 2014 - Product quality has been highlighted as an important determinant of trade in recent empir- ical and theoretical .... the relative size of the group of consumers that value the particular quality level and can afford it. .... The model

Nov 13, 2008 - relatively cheap. Thus, an incentive exists to ..... Grossman and Helpman (1991), I assume that the resources dedicated to research lead to two ...

4. a highly structured system of human organization for large-scale community living that ... indeed explain the power law form of income distribution in society. In the .... from rank-and-file members (full members did not pay dues) and extortion.

Japanese prefectural panel data to empirically analyze how income distribution affects ... In recent Japan since 1980, statistics such as the Gini indices showed.

UNU/WIDER-UNDP, World Income Inequality Data Base, Version 1.0, 12 ..... the Gini in 1972 was also due to the entry of India which, with its gigantic population ...

Available online 26 July 2015. Abstract. We study the wealth distribution in Bewley economies with idiosyncratic capital income risk. We show analytically that ...