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Education and Income Gradients in Longevity : The Role of Policy

Lleras-Muney, Adriana - National Bureau of Economic Research - 2022

Education and income are strong predictors of health and longevity. In the last 20 years many efforts have been made to … various studies is ambiguous: the effects of education and income policies on health are heterogeneous and vary over time, and …

Persistent link: https://www.econbiz.de/10012814469

Volatility, employment and the patterns of FDI in emerging markets

Aizenman, Joshua - 2002

even for risk neutral multinationals, as their profit function is non-linear due to price and productivity effects. For … of productivity shocks in an emerging market producing the intermediate inputs reduces the multinationals' expected … in each country to productivity shocks, channeling the average employment from the more to the less volatile location …

Persistent link: https://www.econbiz.de/10012469306

Country Risk and Incentives Schemes

Aizenman, Joshua - 1986

The purpose of this paper is to address the role of endogenous default penalties that are contingent upon the intensity of default on the part of the borrowing nation, and to evaluate the effects of contingency plans that make the interest rate dependent upon variables that are correlated with...

Persistent link: https://www.econbiz.de/10012477039

Labor Markets and the Choice of Technology in an Open Developing Economy

Aizenman, Joshua - 1986

degree to which real wages and productivity depend on external factors while at the …expected productivity gains, the investment cost associated with the modern …

Persistent link: https://www.econbiz.de/10012477073

Aid Volatility and Poverty Traps

Agénor, Pierre-Richard - 2007

This paper studies the impact of aid volatility in a two-period model where production may occur with either a traditional or a modern technology. Public spending is productive and "time to build" requires expenditure in both periods for the modern technology to be used. The possibility of a...

Persistent link: https://www.econbiz.de/10012465250

Endogenous Financial Openness : Efficiency and Political Economy Considerations

Aizenman, Joshua - 2003

This paper studies the endogenous determination of financial openness. We outline a framework where financial openness is endogenously determined by the authority's choice of financial repression as a taxation device, and where the private sector determines endogenously the magnitude of capital...

Persistent link: https://www.econbiz.de/10012468550

Optimal Tax and Debt Policy with Endogenously Imperfect Creditworthiness

Aizenman, Joshua - 1996

This paper shows that the patterns of optimal tax rates and borrowing in the presence of endogenous borrowing constraints differ considerably from the patterns observed with fully integrated capital markets. We study a developing country characterized by a costly tax collection. Its access to...

Persistent link: https://www.econbiz.de/10012473290

Volatility, Investment and Disappointment Aversion

Aizenman, Joshua - 1995

This study uncovers a statistically significant negative correlation between volatility and private investment over the 1970-93 period in a set of almost fifty developing countries and provides a possible interpretation of this result by using the disappointment- aversion expected utility...

Persistent link: https://www.econbiz.de/10012473481

Investment in New Activities and the Welfare Cost of Uncertainty

Aizenman, Joshua - 1995

Recent literature has highlighted the importance of new activities in development and growth. It was shown that trade distortions such as tariffs are associated with first-order costs stemming from the induced drop in the formation of new activities. This paper demonstrates that uncertainty may...

Persistent link: https://www.econbiz.de/10012473852

Macroeconomic Adjustment with Segmented Labor Markets

Agenor, Pierre-Richard - 1994

This paper analyzes the macroeconomic effects of fiscal and labor market policies in a small open developing country. The basic framework considers an economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency...

Persistent link: https://www.econbiz.de/10012474150