Similar Search Results

Globalisation and the Slope of the Phillips Curve

Kohlscheen, Emanuel; Moessner, Richhild - 2021

We study the effects of globalisation on the slope of the New Keynesian Phillips curve for CPI inflation, based on a broad panel of 35 countries and controlling for possibly non-linear exchange rate effects. We find that the output gap generally has a significant positive effect on inflation,...

Persistent link: https://www.econbiz.de/10013322779

Please Bring Me the New York Times - On the European Roots of Richard Abel Musgrave

Sinn, Hans-Werner - 2021

Richard Musgrave was one of the around 200 academic economists who emigrated from Germany when Fascism came to dominate the country. This memorial lecture traces the German and European roots of Richard Musgrave's oeuvre, trying to shed light on his family background as well as on the political...

Persistent link: https://www.econbiz.de/10013316948

Taxing education in Ramsey's tradition

Richter, Wolfram F. - 2009

Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second …-best efficient to deviate from Ramsey's Rule and to distort qualified labour less than nonqualified labour. The result holds for …

Persistent link: https://www.econbiz.de/10010264588

How to Measure the Tax Burden on Labour at the Macro-Level?

Sturm, Jan-Egbert; Volkerink, Bjørn - 2003

The purpose of this paper is threefold. First, we survey the way in which the tax burden on labour has been proxied for … extent the conclusions of some studies change if some alternative indicator for the tax burden on labour is employed. We … indicator for the tax burden on labour is also shown to affect the conclusions of some well-known empirical models. …

Persistent link: https://www.econbiz.de/10010315810

That elusive elasticity : a long-panel approach to estimating the capital-labor substitution elasticity

Chirinko, Robert S.; Fazzari, Steven M.; Meyer, Andrew P. - 2004

The elasticity of substitution between capital and labor features prominently in several areas of economic research. However, a consensus estimate remains elusive. We develop an estimation strategy that filters panel data in an original way and avoids several pitfalls - difficult-to-specify...

Persistent link: https://www.econbiz.de/10010261229

A Probabilistic Solution to High-Dimensional Continuous-Time Macro and Finance Models

Huang, Ji - 2023

This paper introduces the probabilistic formulation of continuous-time economic models: forward stochastic differential equations (SDE) govern the dynamics of backward-looking variables, and backward SDEs capture that of forward-looking variables. Deep learning streamlines the search for the...

Persistent link: https://www.econbiz.de/10014345557

Outside Options and Worker Motivation

Ahammer, Alexander; Fahn, Matthias; Stiftinger, Flora - 2023

We study the relationship between outside options and workers’ motivation to exert effort. We evaluate changes in outside options arising from age and experience cutoffs in the Austrian unemployment insurance (UI) system, and use absenteeism as a proxy for worker effort. Results indicate that...

Persistent link: https://www.econbiz.de/10014345957

Competition and Career Advancement

Johnsen, Julian; Ku, Hyejin; Salvanes, Kjell G. - 2023

In standard promotion tournaments, contestants are ranked based on their output or productivity. We argue that workers’ career progression may also depend on their relative rankings in dimensions a priori unrelated to their job performance, such as visibility or in-person presence. Such...

Persistent link: https://www.econbiz.de/10014345961

Precautionary Savings, Loss Aversion, and Risk : Theory and Evidence

Dhami, Sanjit; Hajimoladarvish, Narges; Georgalos, … - 2023

of savings, precautionary savings, loss aversion, and risk. We provide the relevant theory, followed by empirical tests …

Persistent link: https://www.econbiz.de/10014346247

Can Competition Reduce Conflict?

Garg, Teevrat; Gennaioli, Caterina; Lovo, Stefania; … - 2023

We examine the effect of inter-group fiscal competition on within-group violent conflict. Using a triple difference design, we exploit exogenous variation in the degree to which villages in sub-districts compete for public funds. We find that higher competition between villages reduces conflict...

Persistent link: https://www.econbiz.de/10014346249

1
2
3
4
5
6
7
8
9
10
Next
Last