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Policies to Create and Destroy Human Capital in Europe

Heckman, James J. - 2010

Trends in skill bias and greater turbulence in modern labor markets put wages and employment prospects of unskilled workers under pressure. Weak incentives to utilize and maintain skills over the life-cycle become manifest with the ageing of the population. Policies to promote human capital...

Persistent link: https://www.econbiz.de/10012462883

A Long Term Perspective on the Euro

Bordo, Michael D. - 2008

This study grounds the establishment of EMU and the euro in the context of the history of international monetary cooperation and of monetary unions, above all in the U.S., Germany and Italy. The purpose of national monetary unions was to reduce transactions costs of multiple currencies and...

Persistent link: https://www.econbiz.de/10012464832

Is Well-being U-Shaped over the Life Cycle?

Blanchflower, David G. - 2007

Europe, newer birth-cohorts are happier …

Persistent link: https://www.econbiz.de/10012465721

The Effects of the Ageing European Population on Economic Growth and Budgets : Implications for Immigration and Other Policies

Feldstein, Martin S. - 2006

The ageing of the population presents a major fiscal challenge for the countries of Europe. The combination of …

Persistent link: https://www.econbiz.de/10012465924

European Pharmaceutical Price Regulation, Firm Profitability, and R&D Spending

Golec, Joseph H. - 2006

EU countries closely regulate pharmaceutical prices whereas the U.S. does not. This paper shows how price constraints affect the profitability, stock returns, and R&D spending of EU and U.S. firms. Compared to EU firms, U.S. firms are more profitable, earn higher stock returns, and spend more on...

Persistent link: https://www.econbiz.de/10012465985

The Rise of Europe : Atlantic Trade, Institutional Change and Economic Growth

Acemoglu, Daron - 2002

This paper documents that the Rise of (Western) Europe between 1500 and 1850 is largely accounted for by the growth of …. Atlantic trade and colonialism affected Europe both directly, and indirectly by inducing institutional changes. In particular …, thus enabling new merchants in these countries to benefit from Atlantic trade. Therefore, the Rise of Europe was largely …

Persistent link: https://www.econbiz.de/10012469325

What is a Sustainable Public Debt?

D'Erasmo, Pablo - 2015

three approaches to analyze debt sustainability in the United States and Europe after the recent surge in public debt …

Persistent link: https://www.econbiz.de/10012457095

The European Crisis in the Context of the History of Previous Financial Crises

Bordo, Michael D. - 2013

There are some striking similarities between the pre 1914 gold standard and EMU today. Both arrangements are based on fixed exchange rates, monetary and fiscal orthodoxy. Each regime gave easy access by financially underdeveloped peripheral countries to capital from the core countries. But the...

Persistent link: https://www.econbiz.de/10012459549

Measuring Sovereign Contagion in Europe

Caporin, Massimiliano - 2013

quantile regression with heteroskedasticity) we show that propagation of shocks in Europe's CDS has been remarkably constant … across Europe. This is the first paper, to our knowledge, where a Bayesian quantile regression approach is used to measure …

Persistent link: https://www.econbiz.de/10012459921

No Revenge for Nerds? Evaluating the Careers of Ivy League Athletes

Amornsiripanitch, Natee; Gompers, Paul A.; Hu, George; … - National Bureau of Economic Research - 2023

positions in the organizations they join. We also find that athletes from more socioeconomically diverse sports teams and from …This paper compares the careers of Ivy League athletes to those of their non-athlete classmates. Combining team …-level information on all Ivy League athletes from 1970 to 2021 with resume data for all Ivy League graduates, we examine both post …

Persistent link: https://www.econbiz.de/10014421178