Showing 1 - 10 of 43
Soon, euro area membership could more than double, with the vast majority of accession countries being quite different in economic terms compared with current members. Under the current decision-making system, this can lead to high decisionmaking costs and there is a risk that monetary policy...
Persistent link: https://www.econbiz.de/10011511101
Persistent link: https://www.econbiz.de/10012251077
Factor price equality across countries is an important implication of the Heckscher-Ohlin-Samuelson model of international trade. Although an influential theoretical result, the model has received surprisingly little empirical support. Burgman and Geppert (1993) argue that this might be due to...
Persistent link: https://www.econbiz.de/10011398670
Persistent link: https://www.econbiz.de/10012703316
The vast literature on the effects of immigration on wages and employment is plagued by likely endogeneity and aggregation biases. Ours is among the first papers to address both of these issues by means of causality analysis and by accounting for human capital endowments. Our analysis confirms...
Persistent link: https://www.econbiz.de/10011646817
In 1999, eleven European countries formed the Economic and Monetary Union (EMU); they abandoned their national currencies and adopted a new common currency, the euro. Several recent papers argue that the introduction of the euro has led (by itself) to a sizable and statistically significant...
Persistent link: https://www.econbiz.de/10002756253
draw from a panel of more than a decade worth of expenditure data from a sample of OECD countries. We use a panel Vector … Auto-regressive (panel-VAR) system that consider the dynamics between the dependent variables. We find that LTC expenditure …
Persistent link: https://www.econbiz.de/10012813827
Economic downturns give rise to unexpected employment shocks that can reshape the distribution of population income, and hence produce a "middle-class squeeze". However, there is limited empirical evidence testing the latter. This paper aims at testing the "middle-class squeeze" hypothesis...
Persistent link: https://www.econbiz.de/10011734383
We study the effect of exposure to communism (EC), a political-economic regime based on collectivist planning, on preferences for family supports, which we refer to as "informal family insurance". We exploit both cross-country and cohort variation in EC in a large sample of Central and Eastern...
Persistent link: https://www.econbiz.de/10012312212
This study considers the effects of globalization, in its economic and social dimensions, on obesity and caloric intake … globalization and both obesity and caloric intake. A one standard deviation increase in globalization is associated with a 20 … with an instrument variable strategy, a lagged structure, and corrections for panel standard errors. The primary driver is …
Persistent link: https://www.econbiz.de/10010412876