One of the puzzles in the political economic theory of unfunded pension systems is that middle-aged voters do not seem to advocate unlimited increases in the level of contributions and benefits if they take this decision to be valid forever. While the previous literature answered this question by...
Labor SupplyCapital AccumulationPensionAging EconomyIn the context of an aging economy, the question addressed in this paper is: since pension systems differ in the funding methods -- pay-as-you-go (PAYG) or fullGiorgio, GneccoPammolli, Fabio...
When supply increases and demand decreases, prices fall. Prices reflect the relationship with supply and demand and a surge in products made that is...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough...
If marginal costs always increase as output increases, then the average fixed cost curve will be U-shaped. True ; False. True or False: When demand increases, the supply is constant, and the equilibrium output falls. True or false: When demand decreases and supply increa...
In case of unemployment is structural unemployment. Although the labor market vacancies, but not have the required skills, the results remain unemployed due to labor supply and demand does not match the result of unemployment. This means that when a country's economic structure has been a wide ...
Simultaneously, labor productivity is pushed downward because more employees work at home and teleworkers do not contribute to agglomeration. In our quantitative exercise, these two effects offset each other almost completely, leading to very small increases in average wages. At the same time, ...
so the owner submits a formal change order that the contractor reviews and then provides a new estimate for the project. The project owner agrees, and work continues. Installing the tile pushes the estimated completion date out by two weeks and increases labor costs for the contractor, but the...
paying employees too little comes with big potential costs. When that money is redirected into pay increases for employees, assuming it fits within the larger financial picture, it often pays dividends to your business five, 10, or many more times over. There’s a reason why labor costs are...
If tax-free allowances are not increased to take account of inflation, what would tend to happen to labor supply? Explain. Suppose that in a particular country, the velocity of money increases. In the short run, what effect might this have on inflation and on real economic growth? In the...
Suppose the economy is in long-run equilibrium. If the government increases its expenditures, eventually the increase in aggregate demand causes price expectations to A. rise. This rise in price expec When the price of a good decreases: A. demand increases. B. supply increases. C. the quanti...