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influence can lead to degenerative research programs. -- ideology ; macroeconomic modelling ; self-confirming equilibria …
Persistent link: https://www.econbiz.de/10009683154
This paper empirically analyzes the effects of immigration on the schooling decisions of natives. We employ household-level data for Spain for years 2000-2012, a period characterized by a large immigration wave and a severe recession. Our estimates reveal that Spanish households responded to...
Persistent link: https://www.econbiz.de/10011308505
The COVID-19 pandemic and the associated government mandated shutdowns caused a historic shock to the U.S. economy and a disproportionate job loss concentrated among the working class. While an unprecedented social safety net policy response successfully offset earnings loses among lower-wage...
Persistent link: https://www.econbiz.de/10012485440
Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in generations. Millions lost jobs and homes. At its peak, one in ten workers who wanted a job could not find one. On an annual basis, the economy contracted by more than it had since the...
Persistent link: https://www.econbiz.de/10012405441
There exists a long-standing debate about the influence of ideology in economics. Surprisingly, however, there is no …
Persistent link: https://www.econbiz.de/10012133338
may generate an ideological backlash that puts a higher premium on traditional values. We apply the theory to numerous …
Persistent link: https://www.econbiz.de/10011641551
The evolution of the ratio of direct taxation (characterized by progressive rates) over indirect and payroll taxation (characterized by flat rates) is examined together with its distributional consequences for the Bottom 50%, Middle 40% and Top 10% shares of income. Oscillations of this ratio...
Persistent link: https://www.econbiz.de/10011913675
remain obstinately blind to them, embracing a statist ideology and voting for an excessively large government. Conversely, an …-faire ideology and blind faith in the invisible hand. With public-sector capital, this interplay of beliefs and institutions leads to … dissenting views, even when ex-post everyone would prefer to ignore unwelcome news. -- Ideology ; statism ; laissez …
Persistent link: https://www.econbiz.de/10003684460
expose different areas of the polity to controlled informational treatments about the valence and ideology of the incumbent … ideology. We find that both valence and ideological messages affect the first and second moments of the belief distribution …, but only campaigning on valence brings more votes to the incumbent. With respect to ideology, cross-learning occurs, as …
Persistent link: https://www.econbiz.de/10009730833
weighted by power. Our second result clarifies how the success of an interest group hinges on the dominance of its ideology in …
Persistent link: https://www.econbiz.de/10009675135