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The importance of investment in early childhood education (ECE) has been widely documented in the literature. Among the benefits, particularly for children from disadvantaged backgrounds, is its potential to mitigate educational inequality. However, some evidence also suggests that the positive...
Persistent link: https://www.econbiz.de/10014079643
The objective of this paper is to explain populist attitudes that are prevailing in a number of European democracies. Populist attitudes expectedly lead to social protests and populist votes. We capture the populist wave by relying not on voting behavior but rather on values that are...
Persistent link: https://www.econbiz.de/10012826060
We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications … for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both … Eastern Europe the employment share of agriculture is typically quite large, and agriculture is particularly unproductive …
Persistent link: https://www.econbiz.de/10012467642
This paper studies empirically the effect of education policies on human capital and per capita income. The results suggest for European and OECD countries that higher attendance at pre-primary education, greater autonomy of schools and universities, a lower student-to-teacher ratio, higher age...
Persistent link: https://www.econbiz.de/10013314766
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
This paper aims to identify the sources of human capital growth for the observation period 1990-2020 by region, gender and various determinants. It is a preliminary version of a forthcoming Inclusive Wealth Report 2023 (UNESCO and Urban Institute of Kyushu University) report. It focuses on five...
Persistent link: https://www.econbiz.de/10014468276
and levels of macroeconomic aggregates in both the U.S. and Europe. We find that European welfare is enhanced, and, more … surprisingly U.S. shares in Europe's good fortune. Alternative assumptions about how pricing behavior will change lead to different …
Persistent link: https://www.econbiz.de/10012471402
This paper challenges the common assumption of market segmentation in international trade. To analyze export entry and pricing decisions of firms in integrated vs. segmented markets, we develop a novel tractable approach based on stochastic export costs that allows us to compare firm-level and...
Persistent link: https://www.econbiz.de/10013315233
This paper examines the welfare effects of intellectual property protection, accounting for firms' optimal responses to legal environments and technological innovation. I examine firms' use of indirect price discrimination in response to U.S. copyright law, which effectively prevents direct...
Persistent link: https://www.econbiz.de/10012467000
Formation of the Euro area raises new questions about the coordination of monetary and fiscal policy. Using a New Neoclassical Synthesis (NNS) model, we show that a common monetary policy, responding to area-wide aggregates, has asymmetric effects on countries within the union, depending on...
Persistent link: https://www.econbiz.de/10012467632