Showing 1 - 10 of 155
Do wealth shocks affect the health of the elderly in developed countries? The economic literature is skeptical about such effects which have so far only been found for poor retirees in poor countries. In this paper I show that wealth shocks also matter for the health of wealthy retirees in the...
Persistent link: https://www.econbiz.de/10010884277
Using quarterly data for the U.K. from 1993 through 2012, we document that in economic downturns a smaller fraction of unemployed workers change their career when starting a new job. Moreover, the proportion of total hires that involves a career change for the worker also drops in recessions....
Persistent link: https://www.econbiz.de/10010959525
In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...
Persistent link: https://www.econbiz.de/10009416932
This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on the savings rate is not homogeneous. On average, the...
Persistent link: https://www.econbiz.de/10010550528
The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...
Persistent link: https://www.econbiz.de/10010552946
Dimensions of cognitive skills are potentially important but often neglected determinants of the central economic outcomes that shape overall well-being over the life course. There exists enormous variation among households in their rates of wealth accumulation, their holdings of financial...
Persistent link: https://www.econbiz.de/10004969335
While politically attractive in order to generate tax revenues, the effects of a financial transaction tax (FTT) are scientifically disputed, not the least because seemingly small details of its implementation may matter a lot. In this paper, we provide experimental evidence on the different...
Persistent link: https://www.econbiz.de/10011086480
College students now use various forms of unsecured credit such as private student loans and credit cards to finance college. Access to these credit lines and the interest rates charged on these loans can vary significantly across credit scores. In this paper, we analyze if credit status, as...
Persistent link: https://www.econbiz.de/10010559021
Pakistan's education system faces long-standing problems in access, quality, and equal opportunity at every level … elusive. The inability of successive governments to reform the system has created severe constraints for Pakistan's economic … education. We discuss in this paper the imperative for education system reform in Pakistan, and articulate why a window of …
Persistent link: https://www.econbiz.de/10010884381
The Punjab Female School Stipend Program, a female-targeted conditional cash transfer program in Pakistan, was …
Persistent link: https://www.econbiz.de/10009021898