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Oil price shocks, monetary policy and current account imbalances within a currency union
Baas, Timo; Belke, Ansgar - 2017
trade result in an asymmetric reaction to an otherwise symmetric shock. In this context, we show that oil price shocks can …
Persistent link: https://www.econbiz.de/10011785688
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Global aging and fiscal policy with international labor mobility : a political economy perspective
Tosun, Mehmet Serkan - 2009
This paper uses an overlapping generations model with international labor mobility and a politically responsive fiscal policy to examine aging in developed and developing regions. Migrant workers change the political structure composed of young and elderly voters in both labor-receiving and...
Persistent link: https://www.econbiz.de/10003845509
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Dynamic efficiency and pareto optimality in a stochastic OLG model with production and social security
Barbie, Martin; Hagedorn, Marcus; Kaul, Ashok - 2000
risk, namely aggregate productivity risk in the second period of life (old age) through dynamic risk sharing. The mechanism …
Persistent link: https://www.econbiz.de/10011339089
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Government debt as insurance against macroeconomic risk
Barbie, Martin; Hagedorn, Marcus; Kaul, Ashok - 2001
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
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Education and growth with learning by doing
Marconi, Gabriele; Grip, Andries de - 2015
increase productivity. One important implication of the model is that the enrolment rate to education has a negative effect on …
Persistent link: https://www.econbiz.de/10010529431
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Signaling and employer learning with instruments
Aryal, Gaurab; Bhuller, Manudeep; Lange, Fabian - 2020
The social and the private returns to education differ when education can increase productivity, and also be used to … signal productivity. We show how instrumental variables can be used to separately identify and estimate the social and … the life-cycle, is 7.2%. Thus, 70% of the private returns to education can be attributed to education raising productivity …
Persistent link: https://www.econbiz.de/10012169372
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Confidence in knowledge or confidence in the ability to learn : an experiment on the causal effects of beliefs on motivation
Fischer, Mira; Sliwka, Dirk - 2018
Previous research has shown that feedback about past performance has ambiguous effects on subsequent performance. We argue that feedback affects beliefs in different dimensions - namely beliefs about the level of human capital and beliefs about the ability to learn - and this may explain some of...
Persistent link: https://www.econbiz.de/10011798132
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Conformism, social norms and the dynamics of assimilation
Olcina Vauteren, Gonzalo; Panebianco, Fabrizio; Zenou, Yves - 2018
We consider a model where each individual (or ethnic minority) is embedded in a network of relation-ships and decides whether or not she wants to be assimilated to the majority norm. Each individual wants her behavior to agree with her personal ideal action or norm but also wants her behavior to...
Persistent link: https://www.econbiz.de/10011821187
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Information frictions and learning dynamics : evidence from tax avoidance in Ecuador
Bohne, Albrecht; Nimczik, Jan Sebastian - 2018
We show how experience and dynamic learning processes reduce the obstacles to optimization imposed by information frictions when individuals newly enter the formal sector economy. Most importantly, we provide causal evidence on the exact mechanisms through which individuals learn about the...
Persistent link: https://www.econbiz.de/10011865317
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Asymmetric information between employers
Kahn, Lisa B. - 2013
Employer learning about workers' abilities plays a key role in determining how workers sort into jobs and are compensated. This study explores whether learning is symmetric or asymmetric, i.e., whether potential employers have the same information about worker ability as the incumbent firm. I...
Persistent link: https://www.econbiz.de/10009695981