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How does exposure to Covid-19 influence health and income inequality aversion?

Asaria, Miqdad; Costa-Font, Joan; Cowell, Frank A. - 2021

We study the determinants of individual aversion to health and income inequality in three European countries and the … effects of exposure to COVID-19 including the effect employment, income and health shocks using representative samples of the … population in each country. Comparing levels of health- and income-inequality aversion in the UK between the years 2016 and 2020 …

Persistent link: https://www.econbiz.de/10012603145

World price shocks, income, and democratization

Zissimos, Benjamin - 2015

This paper shows how a world price shock can increase the likelihood that democratization must be used to resolve the threat of revolution. Initially, a ruling elite may be able to use trade policy to maintain political stability. But a world price shock can push the country into a situation...

Persistent link: https://www.econbiz.de/10010485531

Past exposure to macroeconomic shocks and populist attitudes in Europe

Gavresi, Despina; Litina, Anastasia - 2021

This paper explores the interplay between past exposure to macroeconomic shocks and populist attitudes. We document that individuals who experienced a macroeconomic shock during their impressionable years (between 18 and 25 years of age), are currently more prone to voting for populist parties,...

Persistent link: https://www.econbiz.de/10012694152

Understanding the origins of populist political parties and the role of external shocks

Levi, Eugenio; Sin, Isabelle; Stillman, Steven - 2021

We use electoral survey data to examine the impact that two large external shocks had on the development of New Zealand First (NZF), one of the oldest populist parties in the OECD. We find that structural reforms, which led to large negative impacts on particular locations, and immigration...

Persistent link: https://www.econbiz.de/10012508778

The political costs of oil price shocks

Arezki, Rabah; Djankov, Simeon; Nguyen, Ha; Yotzov, Ivan - 2022

We explore the effect of oil import price shocks on political outcomes using a worldwide dataset on elections of chief executives. Oil import price shocks cause a reduction in the odds of reelection of incumbents, an increase in media chatter about fuel prices, and an increase in non-violent...

Persistent link: https://www.econbiz.de/10013205030

Distributional effects of macroeconomic shocks in real-time : a novel method applied to the Covid-19 crisis in Germany

Bruckmeier, Kerstin; Peichl, Andreas; Popp, Martin; … - 2020

The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to take appropriate income-stabilizing countermeasures. To properly design such policy measures, it is important to quantify their effects in real-time. However, data on the...

Persistent link: https://www.econbiz.de/10012383744

"Too shocked to search" : the Covid-19 shutdowns' impact on the search for apprenticeships

Goller, Daniel; Wolter, Stefan C. - 2021

This study is, to the best of our knowledge, the first analysis of apprenticeship supply that allows us to analyse the effects of the shutdowns triggered by the COVID-19 pandemic before, during and after these shutdowns by means of daily searches for vacant apprenticeships. Analysing over 10...

Persistent link: https://www.econbiz.de/10012510140

Decoupling global value chains

Eppinger, Peter S.; Felbermayr, Gabriel; Krebs, Oliver; … - 2021

Recent disruptions to global value chains (GVCs) have raised an important question: Can decoupling from GVCs increase a country’s welfare by reducing its exposure to foreign supply shocks? We use a quantitative trade model to simulate GVCs decoupling, defined as increased barriers to global...

Persistent link: https://www.econbiz.de/10012514530

Covid-19 shocking global value chains

Eppinger, Peter S.; Felbermayr, Gabriel; Krebs, Oliver; … - 2020

In early 2020, the disease Covid-19 caused a drastic lockdown of the Chinese economy. We use a quantitative trade model with input-output linkages to gauge the effects of this adverse supply shock in China on the global economy through international trade and global value chains (GVCs). We find...

Persistent link: https://www.econbiz.de/10012291860

A counterfactual economic analysis of Covid-19 using a threshold augmented multi-country model

Chudik, Alexander; Mohaddes, Kamiar; Pesaran, M. Hashem; … - 2020

This paper develops a threshold-augmented dynamic multi-country model (TG-VAR) to quantify the macroeconomic effects of Covid-19. We show that there exist threshold effects in the relationship between output growth and excess global volatility at individual country levels in a significant...

Persistent link: https://www.econbiz.de/10012293790