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A New Macroeconomic Measure of Human Capital Exploiting PISA and PIAAC : Linking Education Policies to Productivity
Égert, Balázs; de la Maisonneuve, Christine; Turner, David - 2022
quantity of education. The new measure has a strong link to productivity with the potential for productivity gains being much … education policy (pre-primary education) on human capital and productivity to demonstrate the usefulness of the new measure for …
Persistent link: https://www.econbiz.de/10013290779
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The Devil is in the Shadow : Do Institutions Affect Income and Productivity or Only Official Income and Official Productivity?
Dreher, Axel; Meon, Pierre-Guillaume; Schneider, Friedrich - 2021
This paper assesses the relationship between institutions, output, and productivity, when official output is corrected … output and total factor productivity, and its negative impact on the size of the underground economy. However, once output is … total ("corrected") factor productivity even becomes insignificant. Differences in corrected output must then be attributed …
Persistent link: https://www.econbiz.de/10013316690
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Heat and Learning
Goodman, Joshua - 2019
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
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Financial Policymaking after Crises : Public vs. Private Interests
Saka, Orkun; Ji, Yuemei; De Grauwe, Paul - 2021
We first present a simple model of post-crisis policymaking driven by both public and private interests. Using a novel dataset covering 94 countries between 1973 and 2015, we then establish that financial crises can lead to government interventions in financial markets. Consistent with a public...
Persistent link: https://www.econbiz.de/10013224071
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Public Expenditure Spillovers : An Explanation for Heterogeneous Tax Reaction Functions
Levaggi, Rosella - 2019
This article provides a possible explanation for the heterogeneity of tax reaction functions under tax competition. In particular, we assume the existence of three jurisdictions, i, j and z, as well as of spillovers. Given this simple framework, we show that if jurisdictions compete to attract...
Persistent link: https://www.econbiz.de/10012892282
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Climate Changes Affect Human Capital
Caruso, German Daniel; Marcos, Inés de; Noy, Ilan - 2023
Climate change severely impacts critical facets of human capital across the life cycle. This is particularly alarming as both the frequency and intensity of extreme weather shocks continue to increase, and extremes appear to be the main channel of causality. At the same time, human capital has a...
Persistent link: https://www.econbiz.de/10014357808
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Government Spending and Tax Revenue Decentralization and Public Sector Efficiency : Do Natural Disasters Matter?
Afonso, António; Jalles, João Tovar; Venâncio, Ana - 2023
We assess notably how do extreme events affect the public sector efficiency of decentralized governance. Hence, we empirically link the public sector efficiency scores, to tax revenue and spending decentralization. First, we compute government spending efficiency scores via data envelopment...
Persistent link: https://www.econbiz.de/10014356487
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The economic effects of constitutions: replicating - and extending - Persson and Tabellini
Blume, Lorenz; Müller, Jens; Voigt, Stefan; Wolf, Carsten - 2007
fiscal policy, government effectiveness and productivity. Here, their dataset is extended in a number of ways: the number of … countries included is increased from 85 to up to 116, and more recent data for both government effectiveness and productivity …
Persistent link: https://www.econbiz.de/10010264145
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Sales and Markup Dispersion : Theory and Empirics
Mrazova, Monika - 2019
We derive exact conditions relating the distributions of firm productivity, sales, output, and markups to the form of … Marginal Revenue): it is necessary and sufficient for the distributions of productivity and sales to have the same form …
Persistent link: https://www.econbiz.de/10012892151
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Corporate Taxes and Multi-Product Exporters : Theory and Evidence from Trade Dynamics
Flach, Lisandra - 2019
This paper analyzes how exporters are affected by corporate tax reforms in destination markets. We introduce tax policy in a trade model of multi-product firms and show that producers face tougher competition in export markets with lower corporate tax rates. This competitive effect induces firms...
Persistent link: https://www.econbiz.de/10012861462