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Measuring the Immeasurable : The Evolution of the Size of Informal Economy in the Agricultural Sector in the EU-15 Up to 2019

Schneider, Friedrich; Morkunas, Mangirdas; Quendler, Erika - 2021

This study is the first scientific attempt to calculate the size of the informal economy in agriculture. The Multiple … higher levels of informal economy in agriculture compared to the overall economy. The impact of subsidies and farm … organizations on the development of the informal economy are two important factors for these higher values in agriculture. The …

Persistent link: https://www.econbiz.de/10013239559

Firm Heterogeneity and the Labour Market Effects of Trade Liberalisation

Egger, Hartmut; Kreickemeier, Udo - 2021

This paper develops a model that incorporates workers' fair wage preferences into a general equilibrium framework with monopolistic competition between heterogeneous firms à la Melitz (2003). By assuming that the wage considered to be fair by workers depends on the productivity and thus the...

Persistent link: https://www.econbiz.de/10013317452

Microentrepreneurship in Developing Countries

Jayachandran, Seema - 2020

This article reviews the recent literature in economics on small-scale entrepreneurship ("microentrepreneurship") in low-income countries. Major themes in the literature include the determinants and consequences of joining the formal sector; the impacts of access to credit and other financial...

Persistent link: https://www.econbiz.de/10012841738

Why are Average Hours Worked Lower in Richer Countries?

Bick, Alexander - 2020

Why are average hours worked per adult lower in rich countries than in poor countries? We consider two natural explanations: income effects in preferences, in which leisure becomes more valuable when income rises, and distortionary tax systems, which are more prevalent in richer countries. To...

Persistent link: https://www.econbiz.de/10012834992

Does Household Borrowing Reduce the Trade Balance? Evidence from Developing and Developed Countries

Xu, Can; Jacobs, Jan; de Haan, Jakob - 2021

We examine the dynamic impact of household borrowing on the trade balance using data from 33 developing countries and 36 developed countries over the 1980-2017 period. Our findings suggest that the impact of household borrowing on the trade balance is by and large negative, both in the short and...

Persistent link: https://www.econbiz.de/10013224078

The Asymmetric Impact of Economic Policy and Oil Price Uncertainty on Inflation : Evidence from Developed and Emerging Economies

Anderl, Christina; Caporale, Guglielmo Maria - 2023

This paper examines the asymmetric impact of economic policy uncertainty (EPU) and oil price uncertainty (OPU) on inflation by using a Nonlinear ARDL (NARDL) model, which is compared to a benchmark linear ARDL one. Using monthly data from the 1990s until August 2022 for a number of developed and...

Persistent link: https://www.econbiz.de/10014260984

How to deal with covert child labour, and give children an effective education, in a poor developing country: An optimal taxation problem with moral hazard

Cigno, Alessandro - 2010

Given that credit and insurance markets are imperfect, and given also that intra-household transfers, and much of the work a child does, are private information, the second-best policy uses a combination of need and merit based education awards, together with a mix of taxes on parental income,...

Persistent link: https://www.econbiz.de/10010270527

Product quality, informality, and child labour

Fotoniata, Eugenia; Moutos, Thomas - 2011

This paper studies the interactions between the structure of product demand, relative wages, and the allocation of economic activity across two sectors. The agrarian sector produces a homogeneous good and consists of informal firms employing adults and children. The modern sector produces a...

Persistent link: https://www.econbiz.de/10010277363

Pension Information and Women's Awareness

Angelici, Marta - 2020

We explore the role of financial and pension information in increasing women's knowledge and awareness of their future pension status, and consequently, in reducing the gender pension gap. A representative sample of 1249 Italian working women were interviewed to assess their knowledge about...

Persistent link: https://www.econbiz.de/10012822496

Shedding Light on the Shadow Economy : A Global Database and the Interaction with the Official One

Medina, Leandro - 2019

Using the multiple indicator-multiple cause (MIMIC) approach, this paper generates a novel global database by estimating the size of the shadow economy for 157 countries over 1991 to 2017. The results suggest that the OECD countries are by far the lowest with values below 20% of off official GDP...

Persistent link: https://www.econbiz.de/10012857902

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