Narrow search
Showing 1 - 10 of 2,144
Cover Image
The Interplay of Economic, Social and Political Fragmentation
Bosworth, Steven - 2019
values-driven identities: individualism (focused on status concerns), communitarianism (focused on the benefits of social …
Persistent link: https://www.econbiz.de/10012859600
Cover Image
Technological Advance, Social Fragmentation and Welfare
Snower, Dennis; Bosworth, Steven - 2021
This paper models the welfare consequences of social fragmentation arising from technological advance. We start from the premise that technological progress falls primarily on market-traded commodities rather than prosocial relationships, since the latter intrinsically require the expenditure of...
Persistent link: https://www.econbiz.de/10013250040
Cover Image
Shocks, Frictions, and Inequality in US Business Cycles
Bayer, Christian - 2020
How much does inequality matter for the business cycle and vice versa? Using a Bayesian likelihood approach, we estimate a heterogeneous-agent New-Keynesian (HANK) model with incomplete markets and portfolio choice between liquid and illiquid assets. The model enlarges the set of shocks and...
Persistent link: https://www.econbiz.de/10012841741
Cover Image
Will Destination-Based Taxes Be Fully Exploited When Available? An Application to the U.S. Commodity Tax System
Agrawal, David R. - 2019
-level policies that increase tax avoidance opportunities, the results of the empirical model broadly confirm our theory …
Persistent link: https://www.econbiz.de/10012892221
Cover Image
Non-Linearities and Persistence in US Long-Run Interest Rates
Caporale, Guglielmo Maria; Gil-Alana, Luis A.; … - 2021
This note examines the stochastic behaviour of US monthly 10-year government bond yields. Specifically, it estimates a fractional integration model suitable to capture both persistence and non-linearities, these being two important properties of interest rates. Two series are analysed, one from...
Persistent link: https://www.econbiz.de/10013314848
Cover Image
The Short and the Long of it : Stock-Flow Matching in the US Housing Market
Smith, Eric; Xie, Zoe; Fang, Lei - 2022
This paper investigates the US housing market from just before the Great Recession onward (2006-2019) and assesses the viability of stock-flow matching in generating the observed outcomes. The paper documents that the probability a house sells declines sharply after listing for two weeks....
Persistent link: https://www.econbiz.de/10014243085
Cover Image
Individualism, Human Capital Formation, and Labor Market Success
Hartinger, Katharina; Resnjanskij, Sven; Ruhose, Jens; … - 2021
There is an ongoing debate about the economic effects of individualism. We establish that individualism leads to better … of individualism by exploiting variation between migrants at the origin country, origin language, and person level … adult education activities. In fact, individualism is more important in explaining adult skill formation than any other …
Persistent link: https://www.econbiz.de/10012799691
Cover Image
Standing on the Shoulders of Giants or Science? – Lessons from Ordoliberalism
Feld, Lars P.; Köhler, Ekkehard A. - 2023
, and is rooted in normative individualism. It provides a benchmark by which rules and institutions can be judged as …
Persistent link: https://www.econbiz.de/10014290292
Cover Image
Redistribution with Performance Pay
Doligalski, Pawel - 2020
Half of the jobs in the U.S. feature pay-for-performance. We study nonlinear income taxation in a model where such contracts arise in private labor markets that are constrained by moral hazard frictions. We derive novel formulas for the incidence of arbitrarily nonlinear reforms of a given tax...
Persistent link: https://www.econbiz.de/10012834365
Cover Image
Non-Pharmaceutical Interventions and Mortality in U.S. Cities During the Great Influenza Pandemic, 1918-1919
Barro, Robert J. - 2020
Non-pharmaceutical interventions (NPIs) were measured by Markel, et al. (2007) for U.S. cities during the second wave of the Great Influenza Pandemic, September 1918-February 1919. Â The NPIs were in three categories: school closings, prohibitions on public gatherings, and quarantine/isolation....
Persistent link: https://www.econbiz.de/10012834997