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The Timing of Purchases and Aggregate Fluctuations

Leahy, John V.; Zeira, Joseph - 2021

This paper analyzes how the decision of when to buy a durable good affects both non-durable consumption and business cycle dynamics. At the individual level, we show that the timing of durable goods purchases plays an important role in smoothing consumption over time. In the benchmark case, the...

Persistent link: https://www.econbiz.de/10013222960

A Global View of Cross-Border Migration

di Giovanni, Julian - 2014

flows - such as Jamaica or El Salvador - are also better off due to migration, but for a different reason: remittances. The …This paper evaluates the global welfare impact of observed levels of migration using a quantitative multi-sector model … differences, international trade, remittances, and a heterogeneous workforce. We compare welfare under the observed levels of …

Persistent link: https://www.econbiz.de/10013056595

The gain from the drain : skill-biased migration and global welfare

Biavaschi, Costanza; Burzynski, Michal; Elsner, Benjamin; … - 2016

Persistent link: https://www.econbiz.de/10011629347

Local shocks and internal migration : the disparate effects of robots and Chinese imports in the US

Faber, Marius; Sarto, Andrés; Tabellini, Marco - 2021

Persistent link: https://www.econbiz.de/10012662543

Illegal migration and consumption behavior of immigrant households

Dustmann, Christian; Fasani, Francesco; Speciale, Biagio - 2015

Persistent link: https://www.econbiz.de/10011343608

The Adverse Effect of the Covid-19 Labor Market Shock on Immigrant Employment

Borjas, George J. - 2020

Employment rates in the United States fell dramatically between February 2020 and April 2020 as the repercussions of the COVID-19 pandemic reverberated through the labor market. This paper uses data from the CPS Basic Monthly Files to document that the employment decline was particularly severe...

Persistent link: https://www.econbiz.de/10012833081

Monetary Policy and Sectoral Shocks : Did the Fed React Properly to the High-Tech Crisis?

Raddatz, Claudio E.; Rigobon, Roberto - 2021

This paper presents an identification strategy that allows us to study both the sectoral effects of monetary policy and the role that monetary policy plays in the transmission of sectoral shocks. We apply our methodology to the case of the U.S. and find some significant differences in the...

Persistent link: https://www.econbiz.de/10013227732

Mismatch and Assimilation

Wang, Ping - 2018

Income disparity across countries has been large and widening over time. We develop a tractable model where factor requirements in production technology do not necessarily match a country's factor input profile. Appropriate assimilation of frontier technologies balances such multi-dimensional...

Persistent link: https://www.econbiz.de/10012911691

Are International R&D Spillovers Trade-Related? Analyzing Spillovers Among Randomly Matched Trade Partners

Keller, Wolfgang - 2021

In this paper, I analyze recent findings by Coe and Helpman (1995) on trade-related international R&D spillovers. A Monte Carlo based robustness test is proposed which compares the elasticity of domestic productivity with respect to foreign R&D estimated by Coe and Helpman with an elasticity...

Persistent link: https://www.econbiz.de/10013249690

The "Out of Africa" Hypothesis, Human Genetic Diversity, and Comparative Economic Development

Ashraf, Quamrul H. - 2011

This research argues that deep-rooted factors, determined tens of thousands of years ago, had a significant effect on the course of economic development from the dawn of human civilization to the contemporary era. It advances and empirically establishes the hypothesis that, in the course of the...

Persistent link: https://www.econbiz.de/10013122467

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