Labor Market Institutions And Capital Accumulation
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Labor Market Search, Informality, and On-the-Job Human Capital Accumulation
| Author | : Matteo Bobba |
| Publisher | : |
| Total Pages | : 65 |
| Release | : 2019 |
| Genre | : |
| ISBN | : |
We develop a search and matching model where firms and workers produce output that depends both on match-specific productivity and on worker-specific human capital. The human capital is accumulated while working but depreciates while searching for a job. Jobs can be formal or informal and firms post the formality status. The equilibrium is characterized by an endogenous steady state distribution of human capital and by an endogenous formality rate. The model is estimated on longitudinal labor market data for Mexico. Human capital accumulation on-the-job is responsible for more than half of the overall value of production and upgrades more quickly while working formally than informally. Policy experiments reveal that the dynamics of human capital accumulation magnifies the negative impact on productivity of the labor market institutions that give raise to informality.
Trade and Human Capital Accumulation
| Author | : Dörte Dömeland |
| Publisher | : World Bank Publications |
| Total Pages | : 54 |
| Release | : 2007 |
| Genre | : Comparative Advantage |
| ISBN | : |
This study provides empirical evidence that trade increases on-the-job human capital accumulation by estimating the effect of home country openness on estimated returns to home country experience of U.S. immigrants. The positive effect of trade on on-the-job human capital accumulation remains significant when controlling for GDP, educational attainment, and institutional quality. It is not the result of self-selection, heterogeneity in returns to experience, English-speaking origin, or cultural background. The effect persists when restricting the sample to non-OECD countries, thereby resolving the theoretical ambiguity of whether trade increases or decreases learning-by-doing. The role of trade in generating economic growth is therefore likely to be more important than generally considered.
Social Structures of Accumulation
| Author | : David M. Kotz |
| Publisher | : Cambridge University Press |
| Total Pages | : 340 |
| Release | : 1994-08-26 |
| Genre | : Business & Economics |
| ISBN | : 9780521459044 |
The social structure of accumulation (SSA) approach seeks to explain the long-term fortunes of capitalist economies in terms of the effect of political and economic institutions on growth rates. This book offers an ideal introduction to this powerful tool for understanding capitalist growth, analysing the social and economic differences between countries and the reasons for the successes and failures of institutional reform. The contributors cover a wide range of topics, including the theoretical basis of the SSA approach, the postwar financial system, Marxian and Keynesian theories of economic crisis, labour-management relations, race and gender issues, and the history of institutional innovation. Combining newly written essays with classic articles of the SSA school, the book examines the international economy and the economies of Japan, South Africa, and Puerto Rico, as well as the United States.
Long-run Growth, Social Institutions and Living Standards
| Author | : Neri Salvadori |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 396 |
| Release | : 2014-05-14 |
| Genre | : Business & Economics |
| ISBN | : 1781007764 |
This engaging book contains a set of original contributions to the much-debated issues of long-run economic growth in relation to institutional and social progress. It explores the mutual relationships between living standards, social habits, education an
Dual Labor Markets
| Author | : Gilles Saint-Paul |
| Publisher | : MIT Press |
| Total Pages | : 248 |
| Release | : 1996 |
| Genre | : Business & Economics |
| ISBN | : 9780262193764 |
Uses theoretical models to analyse the macroeconomic implications of the dual labour market. Includes an introduction to the techniques of dynamic programming and the matching function.
Contemporary Capitalism and Its Crises
| Author | : Terrence McDonough |
| Publisher | : Cambridge University Press |
| Total Pages | : 375 |
| Release | : 2010-01-11 |
| Genre | : Business & Economics |
| ISBN | : 0521515165 |
This volume analyses contemporary capitalism and its crises based on a theory of capitalist evolution known as the social structure of accumulation (SSA) theory. It applies this theory to explain the severe financial and economic crisis that broke out in 2008 and the kind of changes required to resolve it. The editors and contributors make available new work within this school of thought on such issues as the rise and persistence of the "neoliberal," or "free-market," form of capitalism since 1980 and the growing globalization and financialization of the world economy. The collection includes analyses of the U.S. economy as well as that of several parts of the developing world.
