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-time employment rates by 9 percentage points (+160%), household income by 10%, and mothers’ earnings by 22%. The effect on full …-time employment is largely driven by increased care hours provided by child care centers and fathers. Overall, the treatment …
Persistent link: https://www.econbiz.de/10014264150
panel GMM system estimation we find positive effects of innovation on employment. This result is robust to the use of …This paper estimates the effect of innovation on employment at the firm level. Our uniquely long innovation panel data …
Persistent link: https://www.econbiz.de/10013317021
We demonstrate that heat inhibits learning and that school air-conditioning mitigates this effect. Student fixed effects models using 10 million PSAT-retakers show hotter school days in years before the test reduce scores, with extreme heat being particularly damaging. Weekend and summer heat...
Persistent link: https://www.econbiz.de/10012892281
We estimate the causal impact of countercyclical interest rates on macroeconomic outcomes in open economies. To identify countercyclical interest rates, we construct a new database of short-term interest rates, principal exports, and international commodity prices for 40 economies from 1870 to...
Persistent link: https://www.econbiz.de/10013291318
This paper applies fractional integration and cointegration methods to examine respectively the univariate properties of the four main cryptocurrencies in terms of market capitalization (BTC, ETH, USDT, BNB) and of four US stock market indices (S&P500, NASDAQ, Dow Jones and MSCI for emerging...
Persistent link: https://www.econbiz.de/10014239604
that the payroll tax cut generates long-lasting growth in female employment, reduces the time spent on welfare, and spurs … business growth, without crowding out male employment. By contrast, the tax cut does not raise net wages, suggesting that tax … labor and tackle the gender employment gap, but they are not sufficient for reducing the gender pay gap …
Persistent link: https://www.econbiz.de/10013293026
Manufacturing accounts for more than three-quarters of U.S. corporate patents. The competitive shock to this sector emanating from China's economic ascent could in theory either augment or stifle U.S. innovation. Using three decades of U.S. patents matched to corporate owners, we quantify how...
Persistent link: https://www.econbiz.de/10012861408
We adopt a spatial econometric approach to estimate intra- and inter-industry productivity spillovers in total factor productivity transmitted through input-output relations in a sample of 13 OECD countries and 15 manufacturing industries. Both R&D spillovers as well as remainder,...
Persistent link: https://www.econbiz.de/10013316626
study the effect of naturalization on labor market outcomes of immigrants in Germany. We apply recent survey data and … exploit a reform of naturalization rules in an instrumental variable estimation. In our sample of recent immigrants, linear …
Persistent link: https://www.econbiz.de/10012908608
This analysis investigates the predictive power of the most important leading indicators for the German economy, which are provided by the ifo Institute and IHS Markit. We conduct an out-of-sample, real-time forecast experiment for growth of gross domestic product and growth of gross value added...
Persistent link: https://www.econbiz.de/10012839771