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We examine the dynamics of a country's growth, consumption, and sovereign debt, assuming that the government is myopic and wants to maximize short-term, self-interested spending. Surprisingly, government myopia can increase a country's access to external borrowing. In turn, access to borrowing...
Persistent link: https://www.econbiz.de/10013334513
Most empirical work in economics has considered only a narrow set of measures as meaningful and useful to characterize individual behavior, a restriction justified by the difficulties in collecting a wider set. However, this approach often forces the use of strong assumptions to estimate the...
Persistent link: https://www.econbiz.de/10013537733
This article presents a comprehensive analysis of trends in the publication and citation of economics scholarly research, with a focus on specialization within fields of economics research (i.e., applied, applied theory, econometrics methods, and theory). We collected detailed data on 24,273...
Persistent link: https://www.econbiz.de/10014322683
We document the rise in unemployment in South Africa since the transition in 1994. We describe the likely causes of … this increase and analyze whether the increase in unemployment is due to structural changes in the economy (resulting in a … new equilibrium unemployment rate) or to negative shocks (that temporarily have increased unemployment). We conclude the …
Persistent link: https://www.econbiz.de/10012465486
employment generation have been disappointing. Most worryingly, unemployment is currently among the highest in the world. While … the proximate cause of high unemployment is that prevailing wages levels are too high, the deeper cause lies elsewhere …. High unemployment and low growth are both ultimately the result of the shrinkage of the non-mineral tradable sector since …
Persistent link: https://www.econbiz.de/10012466097
generates high unemployment in equilibrium, we estimate a structural search model that incorporates both observed heterogeneity … share of youth experiencing long-term unemployment …
Persistent link: https://www.econbiz.de/10012461409
exertion and food intake -- and the underlying causes of obesity -- childhood and adult poverty, depression, and attitudes …
Persistent link: https://www.econbiz.de/10012465105
Recent research suggests that rates of extreme poverty, commonly defined as living on less than $2/person/day, are high … and rising in the United States. We re-examine the rate of extreme poverty by linking 2011 data from the Survey of Income … and Program Participation and Current Population Survey, the sources of recent extreme poverty estimates, to …
Persistent link: https://www.econbiz.de/10012479856
conditions. A one percentage point increase in unemployment is associated with an increase in the after-tax income poverty rate …We examine the relationship between the business cycle and poverty for the period from 1960 to 2008 using income data … relationship between macroeconomic conditions and poverty is of particular interest given recent changes in anti-poverty policies …
Persistent link: https://www.econbiz.de/10012461907
offset the cost of health care live in families with incomes twice the poverty line or more and, depending on how coverage is …
Persistent link: https://www.econbiz.de/10012465069