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types of debt and financial assets held conditional on holding the different types of debt and assets. The analysis suggests … amounts of both debt (unsecured and secured) and assets (property and non-housing), even after conditioning on the probability …
Persistent link: https://www.econbiz.de/10010959752
boost TFP growth while external debt is actually negatively correlated with TFP growth. The negative relationship between … external debt liabilities and TFP growth is attenuated in economies with higher levels of financial development and better …
Persistent link: https://www.econbiz.de/10005822435
We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the …
Persistent link: https://www.econbiz.de/10008562538
This paper analyses the determinants and impact of labour market reforms in the European Union over the period of 2000-2011. The source of information on reforms is the LABREF database developed in DG ECFIN of the European Commission in cooperation with the Economic Policy Committee of the...
Persistent link: https://www.econbiz.de/10010884385
The 2004 and 2007 enlargements of the EU extended the freedom of movement to workers from the twelve new member states mainly from Central Eastern Europe. This study summarizes and comparatively evaluates what we know about mobility in an enlarged Europe to date. The pre-enlargement fears of...
Persistent link: https://www.econbiz.de/10011279252
This paper investigates the interplay between social capital, innovation and per capita income growth in the European Union. We model and identify innovation as an important mechanism that transforms social capital into higher income levels. In an empirical investigation of 102 European regions...
Persistent link: https://www.econbiz.de/10005703394
In recent years in the public discourse of many European countries there has been a shift in emphasis from "poverty" to "social exclusion". Broadly interpreted, "social exclusion" implies the "inability of an individual to participate in the basic political, economic and social functionings of...
Persistent link: https://www.econbiz.de/10005703549
Social transfers vary enormously across the EU, as has been demonstrated in earlier research. This paper analyses the comparative effects of cash transfers on inequality and poverty, using consistent household data. The analysis shows that the distributional impact of these transfers is greater...
Persistent link: https://www.econbiz.de/10005822439
This paper empirically investigates the differences in the motives of raising privatisation proceeds for a panel of EU countries from 1990 to 2000. More specifically, we test whether privatisations can be mainly interpreted (a) as ingredients of a larger reform package of economic liberalisation...
Persistent link: https://www.econbiz.de/10005822790
This paper substantially extends the limited available evidence on existence and extent of downward nominal wage rigidity in the European Union and the Euro Area. For this purpose we develop an econometric multi-country model based on Kahn’s (1997) histogram-location approach and apply it to...
Persistent link: https://www.econbiz.de/10005822909