To address common structural imbalances and test emerging policy measures of the labor markets in a typical gulf cooperation council country, a prototype “macro-micro” economic model is developed. The model consists of a dynamic computable general equilibrium model that interacts with a labor market submodel and a discrete-event labor allocation computer simulation module. The results of applyi...

Many have argued that if labor hicome is difference stationary, the permanent income hypothesis predicts consumption should be relatively volatile. In US an-gregate data, labor income is well-characterized as having a unit root; however consumption turns out to be relatively smooth. This anomaly is known as Deaton's paradox. We resolve Deaton^s paradox by providing decompositions of labor incom...

With the recent special issue of the Journal of Labor Economics on the topic, the concept of monopsony in the labor market seems to have achieved a new respectability as a formulation of wage setting institutions in labor markets. (See Ashenfelter, Farber, Ransom (2010) for a summary.) However, in the "new monopsony" literature, the market environment is not one in which a single buyer faces a ...

objective:more similarity to in vivo medium may help to increase the proliferation and differentiation of cells at in vitro condition. the present study has investigated the effect of a dynamic mediumand nano hydroxyapatite (nha) presence on proliferation and differentiation of mesenchymal stem cells (mscs) to bone cells using electrospun polycaprolactone (pcl) scaffolds. methods: we prepared p...

The paper studies the dynamic macroeconomic and welfare effects of tax policy in the context of an overlapping-generations model of the Yaari-Blanchard type for a closed economy. The model is extended to allow for endogenous labor supply and three tax instruments—namely, a capital tax, labor income tax, and consumption tax. It is shown that labor taxes increase welfare of old generations wherea...

1. Simple labor supply models with correction for non-participation (PS #3) 2. Other approaches to kinked budget sets discretization 3. Dynamic labor supply introduction and overview Readings Thomas A. Mroz. “The Sensitivity of an Empirical Model of Married Women’s Hours of Work to Economic and Statistical Assumptions.” Econometrica, 55 (4) (July, 1987), pp. 765-799. Arthur van Soest "Structura...