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Trust in Public Institutions over the Business Cycle
Stevenson, Betsey; Wolfers, Justin - C.E.P.R. Discussion Papers - 2011
the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial … sector. Finally, analysis of several repeated cross-sections of confidence within U.S. states yields similar qualitative …
Persistent link: https://www.econbiz.de/10008925712
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Austerity in 2009-2013
Alesina, Alberto F; Barbiero, Omar; Favero, Carlo A.; … - C.E.P.R. Discussion Papers - 2015
The conventional wisdom is (i) that fiscal austerity was the main culprit for the recessions experienced by many countries, especially in Europe, since 2010 and (ii) that this round of fiscal consolidation was much more costly than past ones. The contribution of this paper is a clarification of...
Persistent link: https://www.econbiz.de/10011145403
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Quantifying Confidence
Angeletos, George-Marios; Collard, Fabrice; Dellas, Harris - C.E.P.R. Discussion Papers - 2015
"confidence" and show that it helps account for many salient features of the data; it drives a significant fraction of the …
Persistent link: https://www.econbiz.de/10011186619
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A model of the confidence channel of fiscal policy
Guimarães, Bernardo; Machado, Caio; Ribeiro, Marcel - C.E.P.R. Discussion Papers - 2014
This paper presents a simple macroeconomic model where government spending affects aggregate demand directly and indirectly, through an expectational channel. Prices are fully flexible and the model is static, so intertemporal issues play no role. There are three important elements in the model:...
Persistent link: https://www.econbiz.de/10011083612
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The output effect of fiscal consolidations
Alesina, Alberto F; Favero, Carlo A.; Giavazzi, Francesco - C.E.P.R. Discussion Papers - 2012
different response of business confidence and private investment. We obtain these results by studying the effects of the …
Persistent link: https://www.econbiz.de/10011084635
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Daycare Subsidies and Labor Supply in Sweden
Gustafsson, Siv; Stafford, Frank - C.E.P.R. Discussion Papers - 1988
The provision of subsidized child care may encourage women to participate in the paid labor force. This paper analyzes the effects of the price and availability of subsidized child care on labor force participation, using data from a Swedish household survey for 1984 in combination with data on...
Persistent link: https://www.econbiz.de/10005656121
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The Value of Children and Immigrants in a Pay-As-You-Go Pension System: A Proposal For a Partial Transition to a Funded System
Sinn, Hans-Werner - C.E.P.R. Discussion Papers - 1997
It is shown that the net fiscal externality created by an additional member of a pay-as-you-go-pension system that is endowed with individual accounts equals the gross contributions of this member. In Germany, this equals about 175,000 Deutsche marks. The paper uses this information to design a...
Persistent link: https://www.econbiz.de/10005792013
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Purchased Child Care, Optimal Family Size and Mother's Employment
Ermisch, John F - C.E.P.R. Discussion Papers - 1988
and purchased child care (e.g. childminders, nannies) for the care and rearing of children. The theoretical model implies …
Persistent link: https://www.econbiz.de/10005792321
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The Long Run Health and Economic Consequences of Famine on Survivors: Evidence from China's Great Famine
Meng, Xin; Qian, Nancy - C.E.P.R. Discussion Papers - 2006
addresses this question by estimating the effect of childhood exposure to China's Great Famine on adult health and labor market …
Persistent link: https://www.econbiz.de/10005661820
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From Shame to Game in One Hundred Years: The Rise in Premarital Sex and its Destigmitization
Fernández-Villaverde, Jesús; Greenwood, Jeremy; … - C.E.P.R. Discussion Papers - 2011
Societies socialize children about sex. This is done in the presence of peer-group effects, which may encourage … undesirable behavior. Parents want the best for their children. Still, they weigh the marginal gains from socializing their … children against its costs. Churches and states may stigmatize sex, both because of a concern about the welfare of their flocks …
Persistent link: https://www.econbiz.de/10009371463