Immigration, Endogenous Technology Adoption and Wages

Endogenous Technology Adoption and Medical Costs.

Despite the claim that technology has been one of the most important drivers of healthcare spending growth over the past decades, technology variables are rarely introduced explicitly in cost equations. Furthermore, technology is often considered exogenous. Using 1996-2007 panel data on Swiss geographical areas, we assessed the impact of technology availability on per capita healthcare spending...

The Impact of Immigration on New Technology Adoption in U

Immigration and Native Wages: A New Look

Prior studies have examined the impact of immigration on native born wages. These studies have relied upon education-experience groups to define labor markets and identify the wage elasticity of supply of immigrants. However, evidence suggests that education is either of different quality or at least treated differently for immigrants leading to potentially biased conclusions. We utilize O*NET ...

Rethinking the effects of immigration on wages

This paper asks the following important question: what was the effect of surging immigration on average and individual wages of U.S.-born workers during the period 1990-2004? Building on section VII of Borjas (2003) we emphasize the need for a general equilibrium approach to analyze this problem. The impact of immigrants on wages of US born workers can be evaluated only by accounting carefully ...

Endogenous Growth, Backstop Technology Adoption and Optimal Jumps

We study a two-phase endogenous growth model in which the adoption of a backstop technology (e.g. solar) yields a sustained supply of essential energy inputs previously obtained from exhaustible resources (e.g. oil). Growth is knowledge-driven and the optimal timing of technology switching is determined by welfare maximization. The optimal path exhibits discrete jumps in endogenous variables: t...