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The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy
Caliendo, Lorenzo; Parro, Fernando; Rossi-Hansberg, Esteban - Federal Reserve Board (Board of Governors of the … - 2014
We study the impact of regional and sectoral productivity changes on the U.S. economy. To that end, we consider an … environment that captures the effects of interregional and intersectoral trade in propagating disaggregated productivity changes … sectoral productivity changes. We fi nd that such elasticities can vary signi cantly depending on the sectors and regions …
Persistent link: https://www.econbiz.de/10011027366
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Non-linearity in the Inflation-Growth Relationship in Developing Economies: Evidence from a Semiparametric Panel Model
Baglan, Deniz; Yoldas, Emre - Federal Reserve Board (Board of Governors of the … - 2014
Using data on developing economies, we estimate a flexible semiparametric panel data model that incorporates potentially nonlinear effects of inflation on economic growth. We find that inflation is associated with significantly lower growth only after it reaches about 12 percent, which is...
Persistent link: https://www.econbiz.de/10010886222
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The Decline of Drudgery and the Paradox of Hard Work
Epstein, Brendan; Kimball, Miles S. - Federal Reserve Board (Board of Governors of the … - 2014
We develop a theory that focuses on the general equilibrium and long-run macroeconomic consequences of trends in job utility. Given secular increases in job utility, work hours per capita can remain approximately constant over time even if the income effect of higher wages on labor supply...
Persistent link: https://www.econbiz.de/10010787058
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The adequacy of funding of private defined benefit pension plans
Warshawsky, Mark J. - Federal Reserve Board (Board of Governors of the … - 1989
Persistent link: https://www.econbiz.de/10005513069
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Do pension plans with participant investment choice teach households to hold more equity?
Weisbenner, Scott - Federal Reserve Board (Board of Governors of the … - 1999
the participant with financial education. This paper finds that households covered by pension plans in which the employee …
Persistent link: https://www.econbiz.de/10005513080
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Financial accounting for pensions: measures of funding status
Warshawsky, Mark J. - Federal Reserve Board (Board of Governors of the … - 1990
Persistent link: https://www.econbiz.de/10005513113
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Workers' knowledge of their pension coverage: a reevaluation
Starr-McCluer, Martha; Sunden, Annika - Federal Reserve Board (Board of Governors of the … - 1999
Because employer-provided pensions represent an important source of income during retirement, accurate information on …
Persistent link: https://www.econbiz.de/10005514168
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Public policy toward pensions: why defined-contribution pensions dominate government-insured defined-benefit pensions
Mariger, Randall P. - Federal Reserve Board (Board of Governors of the … - 1995
Persistent link: https://www.econbiz.de/10005514197
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The funding of private pension plans
Warshawsky, Mark J. - Federal Reserve Board (Board of Governors of the … - 1987
Persistent link: https://www.econbiz.de/10005394500
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Did pension plan accounting contribute to a stock market bubble?
Coronado, Julia Lynn; Sharpe, Steven A. - Federal Reserve Board (Board of Governors of the … - 2003
During the 1990s, the asset portfolios of defined-benefit (DB) pension plans ballooned with the booming stock market. Due to current accounting guidelines, the robust growth in pension assets resulted in a stealthy but substantial boost to the profits of sponsoring corporations. This study...
Persistent link: https://www.econbiz.de/10005393814