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Productivity, Place, and Plants : Revisiting the Measurement
Schoefer, Benjamin; Ziv, Oren - 2021
Why do cities differ so much in productivity? We document that most of the measured dispersion in productivity across … US cities is spurious and reflects granularity bias: idiosyncratic heterogeneity in plant-level productivity and size …
Persistent link: https://www.econbiz.de/10013250039
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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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Measuring Euro Area Monetary Policy
Altavilla, Carlo - 2019
We study the information flow from the ECB on policy dates since its inception, using tick data. We show that three factors capture about all of the variation in the yield curve but that these are different factors with different variance shares in the window that contains the policy decision...
Persistent link: https://www.econbiz.de/10012867012
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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 indicators multiple causes model (MIMIC) was developed for the estimation of levels of informal economy in 15 “Old” European Union Member States’ agricultural sectors for...
Persistent link: https://www.econbiz.de/10013239559
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Measuring and Summarizing the Multiple Dimensions of Teacher Effectiveness
Mulhern, Christine; Opper, Isaac - 2021
There is an emerging consensus that teachers impact multiple student outcomes, but it remains unclear how to summarize these multiple dimensions of teacher effectiveness into simple metrics that can be used for research or personnel decisions. Here, we discuss the implications of estimating...
Persistent link: https://www.econbiz.de/10013214341
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Inequality Measurement and Tax/Transfer Policy
Apps, Patricia F. - 2020
We provide a critique of the standard methodology which bases welfare comparisons between households on deflating household income and consumption by an equivalence scale. We argue that this leads to support for tax/transfer policies that significantly disadvantage low to middle in-come...
Persistent link: https://www.econbiz.de/10012830349
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Measuring Inflation Expectations in Interwar Britain
Lennard, Jason; Meinecke, Finn; Solomou, Solomos - 2021
What caused the recovery from the British Great Depression? A leading explanation - the “expectations channel” - suggests that a shift in expected inflation lowered real interest rates and stimulated consumption and investment. However, few studies have measured, or tested the economic...
Persistent link: https://www.econbiz.de/10013313445
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On the Stability of Risk Preferences : Measurement Matters
Harm Adema, Joop Age; Nikolka, Till; Poutvaara, Panu; … - 2021
We exploit the unique design of a repeated survey experiment among students in four countries to explore the stability of risk preferences in the context of the COVID-19 pandemic. Relative to a baseline before the pandemic, we find that self-assessed willingness to take risks decreased while the...
Persistent link: https://www.econbiz.de/10013324220
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Happy Times : Measuring Happiness Using Response Times
Liu, Shuo; Netzer, Nick - 2023
Surveys that measure subjective states like happiness or preferences often generate discrete ordinal data. Ordered response models, which are commonly used to analyze such data, suffer from a fundamental identification problem. Their conclusions depend on unjustified assumptions about the...
Persistent link: https://www.econbiz.de/10014358107