Sentence examples for endogenous labor from inspiring English sources

Contrary to the estimation results presented above, the GMM-IV estimator is the preferred specification for the subsample without firm-level bargaining for which we cannot reject the hypothesis of endogenous labor shares (the endogeneity test returns a p value of 0.06 against the null hypothesis of exogenous regressors).

In Section 2, we propose a general private provision of public goods model with endogenous labor supply and discuss its implications.

We consider an overlapping generations model with endogenous labor supplies by young and old and a human capital accumulation process that relies on the interaction of these two types of labor.

A rise in environmental taxes – taking into account pre-existing distortionary taxes and endogenous labor supply – is shown to yield an efficiency gain if agents care enough for the environment.

A second contribution of the current study is that the theoretical model for the private provision of public goods with endogenous labor supply will be brought to the data.

As pointed out in the Introduction, this calls for the need to allow for endogenous labor supply when analyzing the effects of taxation on economic growth when this is driven by physical capital accumulation and investment is financed out of young (workers') savings, even though (as is the case) labor supply elasticity is close to zero.

This is due to the endogenous individual labor incomes in our model, which rule out exogenous shifts in individual income sources that keep the household's aggregate budget fixed.

However, we have shown in a recent set of papers the reasons why an input-output model of the world economy based on a theory of trade that makes the regional division of labor endogenous is needed for MRIO analysis of alternative scenarios and demonstrated how to compile those scenario outcomes into an MRIO table (Duchin et al. 2015; Duchin and Levine, 2015).

This paper studies the existence of middle-income growth traps in a two-period overlapping generations model of economic growth with two types of labor and endogenous occupational choices.

While the decision to migrate was mainly caused by exogenous political factors mentioned above, the choice of location within Russia was to some extent endogenous to the regional labor market conditions.

Moreover, the labor force is endogenous in the model.