Showing 1 - 10 of 83
We use a macro-theory framework of analysis to assess Greek macro-policy with emphasis on the period of the Greek debt crisis. The latter is mainly the result of misguided past internal policies deviating from the policy lessons of modern macroeconomics. The current policy, however, provides a...
Persistent link: https://www.econbiz.de/10010948838
This study approaches the Quantity Theory of Money at a conceptual level, asking how it can be most reasonably interpreted and quantitatively assessed. The resulting approach is straightforward. Unlike studies relying on other methods we find evidence of its linchpin prediction that is not...
Persistent link: https://www.econbiz.de/10008534035
This paper investigates Becker, Hornung and Woessmann’s recent claim that education had an important causal effect on … problems, notably the omission of relevant variables which leads to serious bias in the estimated effect of education. When … these problems are corrected, the conclusions of Becker, Hornung and Woessmann no longer hold. Education did not play an …
Persistent link: https://www.econbiz.de/10010877667
This contribution investigates the role of education in domestic terrorism for 133 countries between 1984 and 2007. The … findings point at a nontrivial effect of education on terrorism. Lower education (primary education) tends to promote terrorism … education (university education) reduces terrorism in a cluster of countries where conditions are more favorable. This suggests …
Persistent link: https://www.econbiz.de/10010877794
We present a theory on migration of dual-earner couples, and test it in the context of international migration. Our model predicts that the probability that a couple emigrates increases in the earnings of the primary earner. The effect of the earnings of the secondary earner may go either way....
Persistent link: https://www.econbiz.de/10010877818
effect of entering secondary school as opposed to leaving school after primary education) is positive and amounts to a 4 …We aim to disentangle the relative contributions of (i) cognitive ability, and (ii) education on health and mortality …-2011, such that we observe mortality between ages 55 and 75. The results suggest that the treatment effect of education (i.e. the …
Persistent link: https://www.econbiz.de/10010877909
How do population ageing shocks affect the long-run macroeconomic performance of an economy? To answer this question we build a general equilibrium overlapping generations model of a closed economy featuring endogenous factor prices. Finitely-lived individuals are endowed with perfect foresight...
Persistent link: https://www.econbiz.de/10010877922
Mobility of highly-skilled workers affects and is affected by labor market conditions, taxes, and other policies. This paper documents the demographic and fiscal importance of international migration, especially in aging societies, reviews the efficiency and distributional effects of mobility,...
Persistent link: https://www.econbiz.de/10010877955
This paper studies oligopolistic competition in education markets when schools can be private and public and when the … quality of education depends on “peer group” effects. In the first stage of our game schools set their quality and in the …. When there are no peer group effects, efficiency is achieved when (at least) all but one school are public. In particular …
Persistent link: https://www.econbiz.de/10010877982
Access to information may represent an important barrier to learning about and ultimately transferring to 4-year colleges for low-income community college students. This paper explores the role that access to information technology, in particular, plays in enhancing, or possibly detracting from,...
Persistent link: https://www.econbiz.de/10010888455