Macroeconomic consequences of terror: theory and the case of Israel
In: Discussion paper series 4427
In: International macroeconomics
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In: Discussion paper series 4427
In: International macroeconomics
In: Working paper no. 15-85
In: Paper / David Horowitz Institute for the Research of Developing Countries, Tel Aviv University no. 1/85
In: Paper, 3/84
World Affairs Online
In: Journal of development economics, Band 31, Heft 1, S. 209-213
ISSN: 0304-3878
In: Journal of political economy, Band 92, Heft 1, S. 1-19
ISSN: 1537-534X
In: Journal of political economy, Band 92, Heft 1, S. 1
ISSN: 0022-3808
In: The journal of economic history, Band 65, Heft 4
ISSN: 1471-6372
In: Journal of monetary economics, Band 51, Heft 5, S. 971-1002
This paper analyzes the labor mobility and human capital accumulation of male immigrants who moved from the former Soviet Union to Israel. We formulate an estimable dynamic choice model for employment and training in blue and white-collar occupations, where the labor market randomly offered opportunities are affected by past choices. The estimated model well fits the observed patterns of the fast decrease in unemployment as immigrants first find blue-collar jobs and attend training, followed by a gradual movement to white-collar occupations. The estimated rates of return to local training, local experience and local language are very high, but imported skills have zero (conditional) return. Furthermore, the welfare gain from the impact of training on job offer probabilities is larger than it?s effect on wages. Due to low job offer rates, the realized rate of return from white-collar training is relatively low and takes time. As a result, the annual aggregate wage growth, due to the availability of training programs, increases with time in Israel to 1.4 percent in the fifth year.
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In: NBER Working Paper No. w4612
SSRN
In: Journal of Monetary Economics, Band 29, Heft 3, S. 389-410
In: Journal of monetary economics, Band 29, Heft 3, S. 389-410
ISSN: 0304-3932
World Affairs Online
In: The Economic Journal, Band 100, Heft 403, S. 1245