Showing 1 - 10 of 108
This paper draws on household survey data from countries of all income levels to measure how average unemployment rates … vary with income per capita. We document that unemployment is increasing with GDP per capita. Furthermore, we show that … this fact is accounted for almost entirely by low-educated workers, whose unemployment rates are strongly increasing in GDP …
Persistent link: https://www.econbiz.de/10012480823
We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer...
Persistent link: https://www.econbiz.de/10012462215
The rise in world trade since 1970 has raised international mobility of labor services. We study the effect of such a globalization of the world's labor markets. We find that when people can choose between wage work and managerial work, the output gains are U-shaped: A worldwide labor market...
Persistent link: https://www.econbiz.de/10012464960
This paper studies the barriers to the diffusion of development across countries over the very long-run. We find that genetic distance, a measure associated with the amount of time elapsed since two populations' last common ancestors, bears a statistically and economically significant...
Persistent link: https://www.econbiz.de/10012466502
In the presence of uncertainty about what a country can be good at producing, there can be great social value to discovering costs of domestic activities because such discoveries can be easily imitated. We develop a general-equilibrium framework for a small open economy to clarify the analytical...
Persistent link: https://www.econbiz.de/10012469762
This paper examines determinants of Olympic success at the country level. Does the U.S. win its fair share of Olympic medals? Why does China win 6% of the medals even though it has 1/5 of the world's population? We consider the role of population and economic development in determining medal...
Persistent link: https://www.econbiz.de/10012470733
The September 2008 issue examines key issues facing low-income countries, including how they should respond to high oil and food prices. Some African economies are now successfully attracting international investors and are seen as a new tier of ""frontier"" emerging markets. Separate articles...
Persistent link: https://www.econbiz.de/10014411023
Commodity Boom: How Long Will It Last?"" asks how economies will fare after the record-high prices of key raw materials posted in recent months, which build on dramatic increases from their lows of 2000. The lead article warns that the impact on headline inflation levels might persist throughout...
Persistent link: https://www.econbiz.de/10014411025
Prize or Penalty: When Sports Help Economies Score"" looks at why countries vie to host the world's most costly sporting events. And, in a series of articles on ""After the Crisis,"" we discuss why some countries were hit harder than others; how were shocks transmitted round the world, and...
Persistent link: https://www.econbiz.de/10014406381
Latin America: An End to Boom and Bust? covers prospects in that region, which has managed to sustain a decade of prosperity after a history of boom and bust cycles. In our cover story, Nicolás Eyzaguirre, Director of the IMF's Western Hemisphere Department, says Latin America has the potential...
Persistent link: https://www.econbiz.de/10014402622