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This paper evaluates the global welfare consequences of increases in mortality and poverty generated by the Covid-19 … distributional characteristics. Using years of life as a welfare metric yields a single parameter that captures the underlying trade …-off between lives and livelihoods: how many PYs have the same welfare cost as one LY. Taking an agnostic view of this parameter …
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What major insights have emerged from development economics in the past decade, and how do they matter for the World Bank? This challenging question was recently posed by World Bank Group President David Malpass to the staff of the Development Research Group. This paper assembles a set of 13...
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"This paper examines the relationship between international migration and source country fertility. The impact of international migration on source country fertility may have a number of causes, including a transfer of destination countries' fertility norms and an incentive to acquire more...
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A large literature documents the positive influence of a city's skill structure on its rate of economic growth. By contrast, the effect of a city's age structure on its economic growth has been a hitherto largely neglected area of research. This paper hypothesizes that cities with more...
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