Showing 1 - 10 of 257
Family remittances are important for El Salvador's economy. This paper analyzes the impact of remittances on El Salvador's economy and the spillover effects on the other Central American countries. A vector autoregression (VAR) model is formulated, consisting of real and monetary variables. The...
Persistent link: https://www.econbiz.de/10012779101
This paper provides the first systematic study of how minimum wage policies in China affect firm employment over the … negative impact on employment, with an estimated elasticity of -0.1. Furthermore, we find a heterogeneous effect of the minimum … wage on employment which depends on the firm's wage level. Specifically, the minimum wage has a greater negative impact on …
Persistent link: https://www.econbiz.de/10013021785
This paper analyzes the effects of selected structural reforms on output and employment in the short and medium term … and employment in the medium term. Furthermore, the paper also assesses whether the impact of structural reforms varies …
Persistent link: https://www.econbiz.de/10012918569
Employment is key to combating poverty. Thus, detractors of social assistance programs argue that they create … jury is still out with respect to their impact on formal employment. This paper exploits an unannounced change in the … identify the causal impact of the program on formal employment, combining three large administrative datasets. This paper finds …
Persistent link: https://www.econbiz.de/10012828218
Early evidence on the pandemic’s effects pointed to women’s employment falling disproportionately, leading observers to … to two-thirds exhibiting larger declines in women’s than men’s employment rates. These gender differences in COVID-19’s … related to COVID-19’s impacts on gender shares in employment within sectors …
Persistent link: https://www.econbiz.de/10013302778
liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances … over 19 years to address a central question of fact: Did privatization help to promote local governments' fiscal discipline …? The answer is clearly ‘no' for privatization considered in isolation. However, privatization and subnational fiscal …
Persistent link: https://www.econbiz.de/10013102260
This paper analyzes the capital structure of private asset managers in which theacquisition of nonperforming loans (NPLs) is funded with Contingent Convertibles(CoCos) placed with investors. The paper develops a model based on NPL transferprices and residual recovery rates to assess capital...
Persistent link: https://www.econbiz.de/10012868458
One consequence of interest rates remaining 'too low for too long' since the Global Financial Crisis is the buildup in private leverage in emerging economies. These vulnerabilities have been laid bare by the COVID-19 shock. This paper employs the growth at risk framework (Adrian, Boyarchenko,...
Persistent link: https://www.econbiz.de/10013315119
This paper provides an overview of the possible linkages between state-owned banks, privatization, and banking sector … provide guidance to policymakers regarding bank privatization …
Persistent link: https://www.econbiz.de/10013318096
This paper investigates the emerging global landscape for public-private co-investments in infrastructure. The creation of the Asian Infrastructure Investment Bank and other so-called 'infrastructure investment platforms' are an attempt to tap into the pool of both public and private long-term...
Persistent link: https://www.econbiz.de/10012996096