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Optimal Price Indices for Targeting Inflation under Incomplete Markets

Anand, Rahul; Prasad, Eswar - Institute for the Study of Labor (IZA) - 2010

In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. In this paper, we develop a two-sector two-good closed economy new Keynesian model to study the optimal choice of price index in markets with...

Persistent link: https://www.econbiz.de/10008531751

Hyperbolic Discounting and Positive Optimal Inflation

Graham, Liam; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2011

The Friedman rule states that steady-state welfare is maximized when there is deflation at the real rate of interest. Recent work by Khan et al (2003) uses a richer model but still finds deflation optimal. In an otherwise standard new Keynesian model we show that, if households have hyperbolic...

Persistent link: https://www.econbiz.de/10009021640

Cut-Point Shift and Index Shift in Self-Reported Health

Lindeboom, Maarten; van Doorslaer, Eddy - Institute for the Study of Labor (IZA) - 2004

There is a concern that ordered responses on health questions may differ across populations or even across subgroups of a population. This reporting heterogeneity may invalidate group comparisons and measures of health inequality. This paper proposes a test for differential reporting in ordered...

Persistent link: https://www.econbiz.de/10005703356

First and Second Generation Immigrant Educational Attainment and Labor Market Outcomes: A Comparison of the United States and Canada

Aydemir, Abdurrahman; Sweetman, Arthur - Institute for the Study of Labor (IZA) - 2006

the United States and Canada are compared. These countries’ immigration flows have large differences in source countries …, scale and timing, and Canada has a much larger policy emphasis on skilled workers. Following from these, the educational … attainment of US immigrants is currently lower than that in Canada and the intergenerational transmission of education is …

Persistent link: https://www.econbiz.de/10005703360

A Theory of Social Forces and Immigrant Second Language Acquisition

DeVoretz, Don; Werner, Christiane - Institute for the Study of Labor (IZA) - 2000

by immigrants in such diverse immigrant-receiving countries as Canada, Germany, Israel and the United States. It is …

Persistent link: https://www.econbiz.de/10005703390

The Economic Causes and Consequences of Canadian Citizenship

DeVoretz, Don J.; Pivnenko, Sergiy - Institute for the Study of Labor (IZA) - 2004

Immigrants ascend to citizenship at differential rates in Canada. Why is this so? This paper investigates the economic …

Persistent link: https://www.econbiz.de/10005703599

Choice of Fields of Study of Canadian University Graduates: The Role of Gender and their Parents’ Education

Boudarbat, Brahim; Montmarquette, Claude - Institute for the Study of Labor (IZA) - 2007

This paper examines the determinants of the choice of field of study by university students using data from the Canadian National Graduate Survey. The sample of 18,708 graduates holding a Bachelor degree is interesting in itself knowing that these students completed their study and thus...

Persistent link: https://www.econbiz.de/10005763507

An Econometric Analysis of the Impact of the Self-Sufficiency Project on the Employment Behaviour of Former Welfare Recipients

Zabel, Jeffrey; Schwartz, Saul; Donald, Stephen - Institute for the Study of Labor (IZA) - 2006

The Self-Sufficiency Project (SSP) was a Canadian research and demonstration project that attempted to "make work pay" for long-term income assistance (IA) recipients by supplementing their earnings. The long-term goal of SSP was to get lone parents permanently off IA and into the paid labour...

Persistent link: https://www.econbiz.de/10005763658

State Dependence in Canadian Welfare Participation

Hansen, Jörgen; Lofstrom, Magnus; Zhang, Xuelin - Institute for the Study of Labor (IZA) - 2006

This paper analyzes transitions into and out-of Social Assistance in Canada. We estimate a dynamic Probit model … differences in social assistance participation. The empirical results indicate that a “welfare trap” does exist in Canada, but the …

Persistent link: https://www.econbiz.de/10005763924

The Complementarity of Language and Other Human Capital: Immigrant Earnings in Canada

Chiswick, Barry R.; Miller, Paul W. - Institute for the Study of Labor (IZA) - 2002

This paper analyzes the effects of language practice on earnings among adult male immigrants in Canada using the 1991 … Census. Earnings are shown to increase with schooling, pre-immigration experience and duration in Canada, as well as with … of time in Canada on earnings. …

Persistent link: https://www.econbiz.de/10005822761