An evaluation of Blinder's alternative to profit sharing

Article Abstract:

Alan Blinder's tax-based incentive for indexation may not be an advisable profit sharing substitute. The proposal considers the viability of integrating wages to the firm's marginal cost of labor. Using a quadratic adjustment cost model, limited support can be given tothe tax-based indexing proposal which can only be justifiable if the short run adjustments would consider a trade-off involving output variabilities.

Beliefs, opinions and attitudes, Welfare economics, Indexation (Economics), Blinder, Alan S.

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Tests of long-run purchasing power parity using alternative methodologies

Article Abstract:

A study was conducted to evaluate methodologies for measuring purchasing power parity (PPP). Evidence of PPP for Canada and Japan vis-a-vis the US is presented to analyze fixed and flexible exchange rates by comparing two economic methodology results. Results show that the more recent studies which apply unit root testing are valid. However, these tests failed to consider bias arising from structural breaks.

Economic aspects, Purchasing power

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Human capital vs. signalling explanations of wages

Article Abstract:

Human capital theory provides that workers with high levels of education and work experience have higher wages due to higher productivity. The way individuals are sorted according to a standard of ability which improves productivity is examined. Education is not the sole basis of labor productivity but enriches the lives of students so that they can become better citizens.

Education, Labor productivity, Human capital

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