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Direr, Alexis - 2021

Annuity contracts typically deliver a stream of income at a predetermined level in order to insure against the risk of longevity. This paper explores whether flexible annuities, which give subscribers the possibility to choose between different levels for their annuities, may be welfare...

Persistent link: https://www.econbiz.de/10013316810

The Importance of School Systems : Evidence from International Differences in Student Achievement

Woessmann, Ludger - 2016

Students in some countries do far better on international achievement tests than students in other countries. Is this all due to differences in what students bring with them to school – socio-economic background, cultural factors, and the like? Or do school systems make a difference? This...

Persistent link: https://www.econbiz.de/10012986652

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Speaking in Numbers : The Effect of Reading Performance on Math Performance Among Immigrants

Isphording, Ingo Eduard; Piopiunik, Marc; … - 2021

This paper is the first to estimate a causal effect of immigrant students’ reading performance on their math performance. To overcome endogeneity issues due to unobserved ability, we apply an IV approach exploiting variation in age-at-arrival and the linguistic distance between origin and...

Persistent link: https://www.econbiz.de/10013315517

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Heterogeneity in High Math Achievement Across Schools : Evidence from the American Mathematics Competition

Ellison, Glenn; Swanson, Ashley - 2021

achievement. Data from the American Mathematics Competitions is used to produce counts of high-scoring students from more than two …

Persistent link: https://www.econbiz.de/10013315878

Partially Adaptive Econometric Methods and the Modern Obesity Epidemic

Carson, Scott Alan - 2018

Assumptions about explanatory variables and errors are central in regression analysis. For example, the well-known method of ordinary least squares yields consistent and efficient estimators if the underlying error terms are independently, identically, and normally distributed. Additionally, the...

Persistent link: https://www.econbiz.de/10012915193

Factor Income Distribution and Endogenous Economic Growth - When Piketty Meets Romer

Irmen, Andreas - 2017

We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …, both the economy's savings rate and its growth rate are endogenous variables whereas in Piketty's theory they are both …

Persistent link: https://www.econbiz.de/10012965706

Migration, Congestion and Growth

Azarnert, Leonid V. - 2017

This article analyzes the effect of migration from a less advanced economy to a more advanced economy on economic growth. The analysis is performed in a two-country growth model with endogenous fertility, in which congestion diseconomies are incorporated. The model shows that out-migration...

Persistent link: https://www.econbiz.de/10012953488

Industrialisation and the Big Push in a Global Economy

Kreickemeier, Udo - 2017

In their famous paper on the “Big Push”, Murphy, Shleifer, and Vishny (1989) show how the combination of increasing returns to scale at the firm level and pecuniary externalities can give rise to a poverty trap, thereby formalising an old idea due to Rosenstein-Rodan (1943). We develop in...

Persistent link: https://www.econbiz.de/10012954362

Market Integration As a Mechanism of Growth

Keller, Wolfgang - 2016

In what sense are institutions a deep determinant of growth? In this paper, we address this question by examining the relationship between city growth and institutional reform in 19th century Germany, when some cities experienced deep institutional reform as a result of French rule. Employing an...

Persistent link: https://www.econbiz.de/10012980591

Trade, Luxury Goods and a Growth Enhancing Tariff

Azarnert, Leonid V. - 2016

This article presents a Ricardian model of trade with learning-by-doing to study the effect of barriers to trade in products with low growth potential on the long-run economic growth. The model shows that, when elasticity of demand for the product with a lower learning potential is greater than...

Persistent link: https://www.econbiz.de/10012987335