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Can investments in emerging markets help to solve the aging problem?
Holzmann, Robert - 2000
Prefunding of pension commitments in OECD economies is increasingly seen as a central strategy to cope with the aging of their populations. This paper argues that investments in emerging markets can help at the margin but are unable to solve the demographic problem. While these investments bring...
Persistent link: https://www.econbiz.de/10009781581
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Sixty years of global inflation : a post-GFC update
Auer, Raphael A.; Pedemonte, Mathieu; Schoenle, Raphael - 2024
Is inflation (still) a global phenomenon? We study the international co-movement of inflation based on a dynamic factor model and in a sample spanning up to 56 countries during the 1960-2023 period. Over the entire period, a first global factor explains approximately 58% of the variation in...
Persistent link: https://www.econbiz.de/10014551069
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The impact of globalization on the composition of government expenditures : evidence from panel data
Dreher, Axel (contributor); Sturm, Jan-Egbert (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003364513
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Comparative venture capital governance : private versus labour sponsored venture capital funds
Cumming, Douglas J.; MacIntosh, Jeffrey G. - 2003
Private independent limited partnership venture capital funds receive capital from institutional investors, without tax incentives. Limited partnership investment activities are governed by restrictive covenants that are determined by negotiated contract between the fund managers (general...
Persistent link: https://www.econbiz.de/10011514156
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Mavericks, universal, and common owners : the largest shareholders of U.S. public firms
Amel-Zadeh, Amir; Kasperk, Fiona; Schmalz, Martin C. - 2022
We construct a novel data set to show that, between 2003-2020, up to one-fifth of America's largest firms had a non-financial blockholder or insider as their largest shareholder. Blockholders and insiders tend to be less diversified than institutional investors. Measures of "universal" and...
Persistent link: https://www.econbiz.de/10013365123
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Globalisation and social spending
De Grauwe, Paul; Polan, Magdalena - 2003
We provide evidence indicating that countries with well-developed social security systems do not necessarily face a trade-off between social spending and competitiveness. On average, countries that spend a lot on social needs score well in the competitiveness league. We investigate the...
Persistent link: https://www.econbiz.de/10011506440
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Globalization and social justice in OECD countries
Kauder, Björn; Potrafke, Niklas - 2015
relationship between globalization and social justice as measured by a new indicator for 31 OECD countries. The results show that … countries that experienced rapid globalization enjoy social justice. When the KOF index of globalization increases by one …
Persistent link: https://www.econbiz.de/10010479925
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Low skill but high volatility?
Buch, Claudia M.; Pierdzioch, Christian - 2009
Globalization may impose a double-burden on low-skilled workers. On the one hand, the relative supply of low … test the predictions of the model. Our results show that greater financial globalization and development increases the … dampening impact. -- labor-market volatility ; skill levels ; financial globalization …
Persistent link: https://www.econbiz.de/10003850520
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Globalisation and the mix of wage and profit taxes
Haufler, Andreas (contributor); Klemm, Alexander (contributor) - 2006
This paper analyses the development of the ratio of corporate taxes to wage taxes using a simple political economy model with internationally mobile and immobile firms. Among other results, our model predicts that countries reduce their corporate tax rate, relative to the wage tax, either when...
Persistent link: https://www.econbiz.de/10003301170
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On the determinants of labour market institutions : rent-sharing vs. social insurance
Agell, Jonas - 2000
What determines the structure of labour market institutions? This paper argues that common explanations based on rent sharing are incomplete; unions, job protection, and egalitarian pay structures may have as much to do with social insurance of otherwise uninsurable risks as with rent sharing and...
Persistent link: https://www.econbiz.de/10009786721