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Is there a role for debt beyond curing overaccumulation of capital? Does dynamic efficiency and the infeasibility of debt Ponzi schemes eliminate any Pareto-improving role for a government in a competitive economy with complete markets? Is there an optimal maturity structure of public debt?...
Persistent link: https://www.econbiz.de/10011405711
Neoclassical trade theory suggests that factor price convergence should follow increased commercial integration. Rising … States and Mexico. This paper evaluates the degree of wage convergence between Mexico and the United States between 1988 and … Mexico and the US. First, we find no evidence of long-run wage convergence among cohorts characterized by low migration …
Persistent link: https://www.econbiz.de/10010369823
income process. The empirical application of our framework using data on individual incomes from Mexico provides striking …
Persistent link: https://www.econbiz.de/10009680990
of reducing concentration in two markets in Mexico that are known for their high level of concentration: mobile …
Persistent link: https://www.econbiz.de/10012418634
with and without wage rigidities. The paper then explores time series data from Argentina, Brazil, Colombia and Mexico to … test for cointegrating relationships corresponding to the patterns predicted by theory. We confirm episodes of expansion of …
Persistent link: https://www.econbiz.de/10003722146
This paper investigates the effectiveness of an intervention that was targeted at a specific group of Dutch Social Assistance (SA) recipients with debt problems. With a large share of the income gains of work resumption were transferred to the creditors, these individuals experienced a strong a...
Persistent link: https://www.econbiz.de/10010229931
When facing financial distress, French households can file a case to a "households' over-indebtedness commission" (HDC). The HDC can order an immediate repayment or grant a debt suspension. Exploiting the random assignment of bankruptcy filings to managers, we show that a debt suspension has a...
Persistent link: https://www.econbiz.de/10011732088
We study the labor market and mental health impacts of debt relief among financially vulnerable individuals. We exploit a cutoff rule used by a Dutch welfare office to determine eligibility to debt relief of welfare debts. We use this cutoff as an instrument in both a fuzzy regression...
Persistent link: https://www.econbiz.de/10014318279
Individuals with extensive debt may be granted debt relief in court. We provide a comprehensive evaluation of the Danish debt relief program with data from court records linked to nationwide register data. Using event-study methods and quasi-random assignment of applicants to court trustees with...
Persistent link: https://www.econbiz.de/10014545212
This study examines the effect of NAFTA, an instance of North-South trade liberalization, on returns to skill in Mexico …. Mexico is abundant in low-skill workers relative to the US and Canada, and so, by the Hecksher-Ohlin-Samuelson trade model …, NAFTA ought to have raised the relative earnings of low-skill workers, that is, lowered returns to skill in Mexico. Analysis …
Persistent link: https://www.econbiz.de/10003771056