The consumption and welfare implications of wage arrears in transition economies

Article Abstract:

The findings of an investigation done to check the macroeconomic Consequences and the welfare implications of wage arrears in transition economy of Ukraine by using a one-sector neo classical growth model are presented.

Author: Maliar, Lilia, Maliar, Serguei, Boyarchuk, Dmytro
Ukraine, Economic aspects, Macroeconomics

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Quasi-geometric discounting: a closed-form solution under the exponential utility function

Article Abstract:

The example used is consumer labor income subjected to idiosyncratic productivity shocks that are uninsurable. A closed-form solution is produced.

Author: Maliar, Lilia, Maliar, Serguei
Science & research, Research, Models, Comparative analysis, Labor economics, Econometric models, Labour economics

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Growing apart: the division of labor and the breakdown of informational institutions

Article Abstract:

The impact of division of labor on economic development is examined.

Author: Davis, Lewis S.
United States, Division of labor, Division of labour

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Subjects list: Analysis, Economic development
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