80 research outputs found
Wage inequality, segregation by skill and the price of capital in an assignment model
Some pieces of empirical evidence suggest that in the U.S., over the last few decades, (i) wage inequality between-plants has risen much more than wage inequality within-plants and (ii) there has been an increase in the segregation of workers by skill into separate plants. This paper presents a frictionless assignment model in which these two features can be explained simultaneously as the result of the decline in the relative price of capital. Additional implications of the model regarding the skill premium and the dispersion in labor productivity across plants are also consistent with the empirical evidence. [resumen de autor
Is There a Signalling Role for Public Wages? Evidence for the Euro Area Based on Macro Data
Credit Supply: Identifying Balance-Sheet Channels with Loan Applications and Granted Loans
On the Periodic Auto–Oscillations of an Electric Circuit with Periodic Imperfections on Its Variables
The aim of the present paper is to study the periodic auto–oscillations of an electric circuit with periodic imperfections on its variables composed by three condensers, one of them without charge, and two bobbins. We model this system by the Lagrangian approach using the morphology of the Hill problem and the main tool used for proving the results is the averaging theory of dynamical systems
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