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The good governance indicators of the millennium challenge account: How many dimensions are really being measured?

Knoll, Martin; Zloczysti, Petra - 2011

This paper assesses the validity of the perception-based governance indicators used by the US Millennium Challenge Account (MCA) for aid allocation decisions. By conducting Explanatory and Confirmatory Factor Analysis of data from 1996 to 2009, we find that although the MCA purports to measure...

Persistent link: https://www.econbiz.de/10010286626

Liquidity and asset prices: how strong are the linkages?

Dreger, Christian; Wolters, Jürgen - 2009

The appropriate design of monetary policy in integrated financial markets is one of the most challenging areas for central banks. One hot topic is whether the rise in liquidity in recent years has contributed to the formation of price bubbles in asset markets. If strong linkages exist, the...

Persistent link: https://www.econbiz.de/10010291772

Aggregate worker reallocation and occupational mobility in the United States: 1971 - 2000

Moscarini, Giuseppe; Vella, Francis - 2002

We investigate the evolution and the sources of aggregate employment reallocation in the United States in the 1971 … different technology. We find that the total reallocation of employment across occupations has been strongly procyclical and … these patterns, while correcting for possible worker selection into employment, we construct a synthetic panel based on …

Persistent link: https://www.econbiz.de/10010292926

The lifecycle model of consumption and saving

Browning, Martin; Crossley, Thomas F, - 2001

The life-cycle framework is the standard way that economists think about the intertemporal allocation of time, effort and money. The framework has a venerable history in the economics profession with roots in the in…nite horizon models of Ramsey (1926) and Friedman (1957) and the …nite...

Persistent link: https://www.econbiz.de/10010292931

The SES health gradient on both sides of the Atlantic

Banks, James; Marmot, Michael; Oldfield, Zoë; Smith, … - 2006

In this paper we investigate the size of health differences that exist among men in England and the United States and how those differences vary by Socio-Economic Status (SES) in both countries. Three SES measures are emphasized - education, household income, and household wealth - and the...

Persistent link: https://www.econbiz.de/10010292933

Why is consumption more log normal than income? Gibrat's law revisited

Battistin, Erich; Blundell, Richard; Lewbel, Arthur - 2007

Significant departures from log normality are observed in income data, in violation of Gibrat’s law. We identify a new empirical regularity, which is that the distribution of consumption expenditures across households is, within cohorts, closer to log normal than the distribution of income. We...

Persistent link: https://www.econbiz.de/10010292940

Competition and innovation: An inverted u relationship

Aghion, Philippe; Bloom, Nicholas; Blundell, Richard; … - 2002

This paper investigates the relationship between product market competition (PMC) and innovation. A Schumpeterian growth model is developed in which firms innovate Ñ³tep-by-stepÒ¬ and where both technological leaders and their followers engage in R&D activities. In this model, competition...

Persistent link: https://www.econbiz.de/10010292944

Survival of the best fit: Exposure to low-wage countries and the (uneven) growth of US manufacturing plants

Bernard, Andrew Barnes; Jensen, J. Bradford; Schott, … - 2003

that plant survival as well as output and employment growth are negatively associated with the share of industry imports …

Persistent link: https://www.econbiz.de/10010292945

Consumption inequality and partial insurance

Blundell, Richard W.; Pistaferri, Luigi; Preston, Ian - 2004

This paper describes the transmission of income inequality into consumption inequality and in so doing investigates the degree of insurance to income shocks. It combines panel data on income from the PSID with consumption data from repeated CEX cross-sections and distinguishes between permanent...

Persistent link: https://www.econbiz.de/10010292960

Judicial accountability and economic policy outcomes: Evidence from employment discrimination charges

Besley, Timothy; Payne, Abigail - 2003

.S. to investigate whether judicial selection methods affect the number of employment discrimination charges filed for the …

Persistent link: https://www.econbiz.de/10010292961

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