We analyse the general equilibrium implications of introducing a universal basic income (UBI) for employment and income in an economy characterized by involuntary unemployment. Our framework allows t...

Does financial intermediation affect structural change? We address this question both theoretically and empirically, focusing on whether financial development reinforces structural change during the ...

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The Scandinavian Journal of Economics is a general-interest journal that publishes high-quality and innovative research in all disciplines.

In a simple lending model with informational asymmetry, we investigate the effect of bank market structure on the amount of collateral provided by firms. We analyze the strategic decision of a potent...

Higher fertility slowly increases the ratios of workers to retirees, easing the challenge of financing pensions due to population aging. However, simulation studies differ on output impacts. Whether ....

This paper makes a small twist to a seemingly simple assumption in the Solow model: instead of agents saving a fraction of their entire income, as in the classic Solow model, they here save a fractio...

We develop a theory and an empirical strategy to estimate the welfare gains from trade in economies with frictional local labor markets. Our welfare formula nests standard market structures and adds ...

This paper analyses the impact of robots on workers' wages in the manufacturing sector, with a particular focus on relative wages for workers with different levels of education and in different occup...

This paper develops an endogenous growth model that incorporates information carrier technology, highlighting that knowledge loss during storage and low communication efficiency hinder innovation. Th....

We exploit gaps between observed and recently forecasted GDP growth in export destinations to estimate the effects of unexpected demand shocks on worker compensation. Using employer–employee panel da...

Socio-economic differences in longevity have fuelled a debate on whether pension systems have a regressive bias favouring groups with a high life expectancy. We show that the distributional implicati...

Turning to the courts to vindicate rights has often led to resistance and subsequent acceptance. This paper investigates the effects of randomly assigned judges on abortion cases on subsequent legisl...

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The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024 was awarded jointly to Daron Acemoglu, Simon Henry Roberts Johnson and James A. Robinson "for studies of how institution...