<?xml version="1.0" encoding="UTF-8"?>
<rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns="http://purl.org/rss/1.0/" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:taxo="http://purl.org/rss/1.0/modules/taxonomy/">
  <channel>
    <title>EconStor Collection: Working Papers, Universität Leipzig</title>
    <link>http://hdl.handle.net/10419/45648</link>
    <description />
    <items>
      <rdf:Seq>
        <rdf:li resource="http://hdl.handle.net/10419/70918" />
        <rdf:li resource="http://hdl.handle.net/10419/70917" />
        <rdf:li resource="http://hdl.handle.net/10419/70916" />
        <rdf:li resource="http://hdl.handle.net/10419/70918" />
      </rdf:Seq>
    </items>
  </channel>
  <textInput>
    <title>The Collection's search engine</title>
    <description>Search the Channel</description>
    <name>search</name>
    <link>http://www.econstor.eu/simple-search</link>
  </textInput>
  <item rdf:about="http://hdl.handle.net/10419/70918">
    <title>Optimal growth policy: The role of skill heterogeneity</title>
    <link>http://hdl.handle.net/10419/70918</link>
    <description>Title: Optimal growth policy: The role of skill heterogeneity
&lt;br/&gt;
&lt;br/&gt;Authors: Grossmann, Volker; Steger, Thomas M.
&lt;br/&gt;
&lt;br/&gt;Abstract: A simple semi-endogenous growth model is employed to show that optimal subsidization of both R&amp;D and capital costs is independent of the distribution of R&amp;D skills in the workforce. This holds despite the empirically supported fact that a higher R&amp;D subsidy rate raises wages of R&amp;D workers.</description>
  </item>
  <item rdf:about="http://hdl.handle.net/10419/70917">
    <title>Migration, capital formation, and house prices</title>
    <link>http://hdl.handle.net/10419/70917</link>
    <description>Title: Migration, capital formation, and house prices
&lt;br/&gt;
&lt;br/&gt;Authors: Grossmann, Volker; Schäfer, Andreas; Steger, Thomas M.
&lt;br/&gt;
&lt;br/&gt;Abstract: We investigate the effects of interregional labor market integration in a twosector,overlapping-generations model with land-intensive production in the nontradable goods sector (housing). To capture the response to migration on housing supply, capital formation is endogenous, assuming that firms face capital adjustment costs. Our analysis highlights heterogeneous welfare effects of labor mark etintegration. Whereas individuals without residential property lose from immigration due to increased housing costs, landowners may win. Moreover, we show how the relationship between migration and capital formation depends on initial conditions at the time of labor market integration. Our model is also capable to explain the reversal of migration during the transition to the steady state, like observed in East Germany after unification in 1990. It is also consistent with a gradually rising migration stock and house prices in high-productivity countries like Switzerland.</description>
  </item>
  <item rdf:about="http://hdl.handle.net/10419/70916">
    <title>A different look at Lenin's legacy: Social capital and risk taking in the two Germanies</title>
    <link>http://hdl.handle.net/10419/70916</link>
    <description>Title: A different look at Lenin's legacy: Social capital and risk taking in the two Germanies
&lt;br/&gt;
&lt;br/&gt;Authors: Heineck, Guido; Süssmuth, Bernd
&lt;br/&gt;
&lt;br/&gt;Abstract: What are the long-term effects of Communism on economically relevant notions such as social trust, fairness, and scope of cooperation? To answer this question, we study the post-unification trajectory of convergence between East and West German individuals with regard to trust, cooperation, and risk. Our hypotheses are derived from a model of German unification that incorporates individual responses both to incentives and to values inherited from earlier generations as recently suggested in the literature. Using two waves of balanced panel data, we find that despite twenty years of unification East Germans are still characterized by a persistent level of social distrust. In comparison to West Germans, they are less inclined to see others as cooperative. East Germans are also found to have been more risk loving than West Germans. However, risk attitudes fully converged recently.</description>
  </item>
  <item rdf:about="http://hdl.handle.net/10419/70918">
    <title>Optimal growth policy: The role of skill heterogeneity</title>
    <link>http://hdl.handle.net/10419/70918</link>
    <description>Title: Optimal growth policy: The role of skill heterogeneity
&lt;br/&gt;
&lt;br/&gt;Authors: Grossmann, Volker; Steger, Thomas M.
&lt;br/&gt;
&lt;br/&gt;Abstract: A simple semi-endogenous growth model is employed to show that optimal subsidization of both R&amp;D and capital costs is independent of the distribution of R&amp;D skills in the workforce. This holds despite the empirically supported fact that a higher R&amp;D subsidy rate raises wages of R&amp;D workers.</description>
  </item>
</rdf:RDF>

