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How does financial globalization affect risk sharing? : Patterns and channels
Kose, M. Ayhan (contributor); Prasad, Eswar S. (contributor) - 2007
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … better risk sharing outcomes during the recent period of globalization. Developing countries have, by and large, been shut … flows may help explain why emerging markets have not been able to realize this presumed benefit of financial globalization …
Persistent link: https://www.econbiz.de/10003586563
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Measuring globalization
Andersen, Torben M. (contributor);  … - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001775727
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Principles and practicalities for measuring child poverty in the rich countries
Corak, Miles (contributor) - 2005
This paper has three objectives. The first is to discuss the major issues involved in defining and measuring child poverty. The choices that must be made are clarified, and a set of six principles to serve as a guide for public policy are stated. The second objective is to take stock of child...
Persistent link: https://www.econbiz.de/10002764242
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Technology, skills, and globalization : explaining international differences in routine and nonroutine work using survey data
Lewandowski, Piotr; Park, Albert; Hardy, Wojciech; Du, Yang - 2019
-skill occupations. We estimate the determinants of workers' RTI as a function of technology (computer use), globalization …. Globalization (as measured by sector foreign value-added share) increases RTI in poorer countries but reduces RTI in richer … globalization also important. Technology contributes the most to the differences in RTI among workers in high-skilled occupations …
Persistent link: https://www.econbiz.de/10012006117
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Political economy of labour market institutions in a globalised era
Bhaumik, Sumon Kumar; Frensch, Richard; Huber, Stephan - 2021
The paper extends the literature on the political economy of labour market institutions by developing a framework in which owners of capital can benefit from both greater labour market flexibility and better rule of law. Their choice of location of manufacturing centres can, therefore, by...
Persistent link: https://www.econbiz.de/10012431893
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Riches to rags every month? : The fall in consumption expenditures between paydays
Huffman, David (contributor); Barenstein, Matias (contributor) - 2004
This paper finds declining consumption expenditure between paydays, for a typical household in the working population of the UK. The magnitude is inconsistent with exponential time preference, but compatible with quasi-hyperbolic discounting. However, the hyperbolic model predicts that credit...
Persistent link: https://www.econbiz.de/10002526381
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Design choices for central bank digital currency: policy and technical considerations
Allen, Sarah; Capkun, Srdjan; Eyal, Ittay; Fanti, Giulia; … - 2020
Central banks around the world are exploring and in some cases even piloting Central Bank Digital Currencies (CBDCs). CBDCs promise to realize a broad range of new capabilities, including direct government disbursements to citizens, frictionless consumer payment and money-transfer systems, and a...
Persistent link: https://www.econbiz.de/10012256941
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Incidence of strict quality standards : protection of consumers or windfall for professionals?
Kawaguchi, Daiji; Murao, Tetsushi; Kanbayashi, Ryō - 2013
This paper examines the effects of upgrading product quality standards on product and professional labor-market equilibriums when both markets are regulated. The Japanese government revised the Building Standards Act in June 2007, requiring a stricter review process for admitting the plans of...
Persistent link: https://www.econbiz.de/10009755328
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The effect of occupational licensing on consumer welfare : early midwifery laws and maternal mortality
Anderson, D. Mark; Brown, Ryan; Charles, Kerwin Kofi; … - 2016
Occupational licensing is intended to protect consumers. Whether it does so is an important, but unanswered, question. Exploiting variation across states and municipalities in the timing and details of midwifery laws introduced during the period 1900-1940, and using a rich data set that we...
Persistent link: https://www.econbiz.de/10011517692
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Add-on pricing, naive consumers, and the hidden welfare costs of education
Kosfeld, Michael; Schüwer, Ulrich - 2011
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10009516903