Showing 1 - 10 of 49
This Paper presents a dynamic theory of housing market fluctuations. It develops a life-cycle model where households are heterogeneous with respect to income and preferences, and mortgage lending is restricted by a down-payment requirement. The market interaction of young credit-constrained...
Persistent link: https://www.econbiz.de/10005498172
This paper presents a simple model of the effects of exchange rate flexibility on the transmission of income shocks. The starting point is the traditional channel through exports and imports known as the "locomotive". The intertemporal exchange rate model presented here also allows for the...
Persistent link: https://www.econbiz.de/10005498185
This paper uses detailed information on the latitude and longitude of conflict events in Sub-Saharan African countries to study the impact of external income shocks on the likelihood of violence. We consider a number of external demand shocks faced by the countries or the regions within...
Persistent link: https://www.econbiz.de/10011083429
This paper examines the relationship between household income shocks and child labour. In particular, we investigate the extent to which transitory income shocks lead to increases in child labour and whether household access to credit mitigates the effects of these shocks. Using data from a...
Persistent link: https://www.econbiz.de/10005661902
Disposable income inequality, as measured by the Gini coefficient and using Family Budget Survey data, increased very little, and by a similar amount, from 1989–93 in the Czech Republic and Slovakia. This surprising result is examined with an analysis of changes in the channels of...
Persistent link: https://www.econbiz.de/10005123731
A common view in the literature is that the effect of energy price shocks on macroeconomic aggregates is asymmetric in energy price increases and decreases. We show that widely used asymmetric vector autoregressive models of the transmission of energy price shocks are misspecified, resulting in...
Persistent link: https://www.econbiz.de/10005000442
Exchange rate regimes differ primarily by the activity of the exchange rate, not observable macroeconomic ‘fundamentals’. Fixed exchange rates are typically stable and floating exchange rates are volatile, but macro phenomena are regime-independent. Fundamentals only seem to be relevant for...
Persistent link: https://www.econbiz.de/10005788957
1980 Women in Employment Survey) finds significant sample selection bias for women in full-time jobs. Part of the observed … differential between the hourly pay of full-timers and part-timers arises because of self-selection of women who can command higher … remunerated at a lower rate in part-time than in full-time employment. Thus, the larger proportion of women than men in part …
Persistent link: https://www.econbiz.de/10005498008
The provision of subsidized child care may encourage women to participate in the paid labor force. This paper analyzes … the provision of high quality public day care in Sweden encourages the labor market activity of women with preschoolers …
Persistent link: https://www.econbiz.de/10005656121
This paper presents a wage series for unskilled English women workers from 1260 to 1850 and compares it with existing … evidence for men. Our series cast light on long run trends in women’s agency and wellbeing, revealing an intractable, indeed … widening gap between women and men’s remuneration in the centuries following the Black Death. This informs several recent …
Persistent link: https://www.econbiz.de/10011083583