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1
Inequality and Growth : A Heterogeneous Approach
Grigoli, Francesco
-
2017
The combination of stagnant growth and high levels of income inequality renewed the debate about whether a more even distribution of income can spur economic activity. This paper tests for cross-country convergence in income inequality and estimates its impact on economic growth with a...
Persistent link: https://www.econbiz.de/10012962147
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2
Institutions, Informality, and Wage Flexibility : Evidence from Brazil
Estevão, Marcello M.
-
2012
Even though institutions are created to protect workers, they may interfere with labor market functioning, raise unemployment, and end up being circumvented by informal contracts. This paper uses Brazilian microeconomic data to show that the institutional changes introduced by the 1988...
Persistent link: https://www.econbiz.de/10013106744
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3
Collective Bargaining Through the Magnifying Glass : A Comparison between the Netherlands and Portugal
Hijzen, Alexander
-
2018
Since the global financial crisis, sector-level bargaining has come under renewed scrutiny.While in Southern Europe, the crisis raised concerns about the role of collectivebargaining as an obstacle to labor market adjustment, in Northern Europe it was perceivedmore favourably and, according to...
Persistent link: https://www.econbiz.de/10012929933
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The East African Community : Prospects for Sustained Growth
McAuliffe, Catherine
-
2012
The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade-the ambition of most...
Persistent link: https://www.econbiz.de/10013096275
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Social Spending in Korea : Can it Foster Sustainable and Inclusive Growth?
Elekdag, Selim Ali
-
2012
Going forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly aging population and ameliorating income inequality. This paper argues that a gradual increase in social spending could promote more sustainable and inclusive growth in Korea....
Persistent link: https://www.econbiz.de/10013098277
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6
Small Island States in the Pacific : The Tyranny of Distance
Becker, Chris
-
2012
This paper seeks to document key characteristics of small island states in the Pacific. It restricts itself to a limited number of indicators which are macro-orientated - population, fertility of land, ability to tap into economies of scale, income, and geographic isolation. It leaves aside...
Persistent link: https://www.econbiz.de/10013098583
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7
Too Much Finance?
Arcand, Jean-Louis
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2012
not driven by output volatility, banking crises, low institutional quality, or by differences in bank
regulation
and …
Persistent link: https://www.econbiz.de/10013102199
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8
Walking Hand in Hand : Fiscal Policy and Growth in Advanced Economies
Cottarelli, Carlo
-
2012
Implementation of fiscal consolidation by advanced economies in coming years needs to take into account the short and long-run interactions between economic growth and fiscal policy. Many countries must reduce high public debt to GDP ratios that penalize longterm growth. However, fiscal...
Persistent link: https://www.econbiz.de/10013102268
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9
The Volatility Trap : Precautionary Saving, Investment, and Aggregate Risk
Cherif, Reda
-
2012
We study the effects of permanent and temporary income shocks on precautionary saving and investment in a "store-or-sow" model of growth. High volatility of permanent shocks results in high precautionary saving in the safe asset and low investment, or a "volatility trap." Namely, big savers...
Persistent link: https://www.econbiz.de/10013102269
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10
The Quality of the Recent High-Growth Episode in Sub-Saharan Africa
Martinez, Marcelo
-
2013
The paper explores the quality of the recent high-growth episode in sub-Saharan Africa by examining the following two questions: (i) what has been the nature and pattern of SSA growth over the past 15 years and how does it compare with previous episodes? (ii) has this growth had an impact on...
Persistent link: https://www.econbiz.de/10013085136
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