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While instructional time is viewed as crucial to learning, little is known about the effectiveness of reducing absences relative to increasing the number of school days. In this regard, this paper jointly estimates the effect of absences and length of the school calendar on test score...
Persistent link: https://www.econbiz.de/10011126031
Are individuals more sensitive to losses than gains in macroeconomic growth? Using subjective well-being measures across three large data sets, we observe an asymmetry in the way positive and negative economic growth are experienced, with losses having more than twice as much impact on...
Persistent link: https://www.econbiz.de/10011206863
As the tenth anniversary of EMU is approaching, a debate is underway as to whether the single currency has promoted or hindered convergence among the countries of the Eurozone. On the one hand, there is wide agreement on the fact that asymmetric shocks have subsided after the creation of the...
Persistent link: https://www.econbiz.de/10005453830
This paper considers how environmental policies should respond to macroeconomic downturns. It first explores the implications of the global economic downturn of 2008-09 for environmental policies, focusing in particular on the example of action against climate change. The arguments for and...
Persistent link: https://www.econbiz.de/10010744909
. These indicate that there is considerable cyclicality and volatility of both accessions to employment and separations from … between employment and the pool of workers out of the labor force, disagreements about the relative volatility of job finding … and separation rates across data sets, and the fact that the fit of the gross flows data with net employment growth data …
Persistent link: https://www.econbiz.de/10010745208
This paper considers a real business cycle model with search frictions in the labor market and labor supply which is elastic along the extensive (participation) margin. Previous authors have found that such models generate counterfactually procyclical unemployment and a positively-sloped...
Persistent link: https://www.econbiz.de/10010745347
This paper presents a model with monopolistic competition, productively heterogeneous firms, and business cycle aggregate shocks. With firm-specific productive heterogeneity, weaker firms quit when faced with a negative aggregate shock. Consequently, trade does not always increase firm-level...
Persistent link: https://www.econbiz.de/10010745558
debts are independent of whether tight or loose fiscal constraints are in place. Creative budget accounting may account for …
Persistent link: https://www.econbiz.de/10010745871
Persistent link: https://www.econbiz.de/10010720934
of macroeconomic analysis, recent literature pointed to some failures in accounting for the data. This paper aims to …
Persistent link: https://www.econbiz.de/10011071277