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household consumption in China. The paper first undertakes an empirical study of the relationship between the savings rate and … social expenditures for a panel of OECD countries and provides illustrative estimates of their implications for China. It …
Persistent link: https://www.econbiz.de/10014402916
While China's growth gathered momentum in 2017, rebalancing was uneven and decelerated along many dimensions reflecting …
Persistent link: https://www.econbiz.de/10012112238
, using local projections, the paper zooms in on shocks originating in the United States, Europe, and China. Our results …, Europe, and China reduces economic activity in the rest of the world, with the effects being mostly felt in Europe and the …
Persistent link: https://www.econbiz.de/10011763593
This paper uses a DSGE model to simulate the impact of technological change on labor markets and income distribution. It finds that technological advances offers prospects for stronger productivity and growth, but brings risks of increased income polarization. This calls for inclusive policies...
Persistent link: https://www.econbiz.de/10011932374
We exploit a survey data set that contains information on how 11,000 workers across advanced and emerging market economies perceive the main forces shaping the future of work. In general, workers feel more positive than negative about automation, especially in emerging markets. We find that...
Persistent link: https://www.econbiz.de/10012155109
Persistent link: https://www.econbiz.de/10012392498
This study confirms a strong and robust relationship between economic growth and poverty reduction in sub-Saharan Africa. Employing a panel of 46 countries covering the period 1972-97, the analysis finds that a 10 percent increase in per capita GDP leads to a 1 percent increase in life...
Persistent link: https://www.econbiz.de/10014400682
Persistent link: https://www.econbiz.de/10012796670
Employment is key to combating poverty. Thus, detractors of social assistance programs argue that they create disincentives to work. While there is substantial evidence showing limited effects of these programs on overall labor supply, the jury is still out with respect to their impact on formal...
Persistent link: https://www.econbiz.de/10012252007
We analyze microdata from Mexico's survey on household income and expenditures (ENIGH) to study the evolution of income inequality in Mexico over 2004-16, identify its sources, and investigate how it was affected by government social policy. We find evidence of only a small decline in inequality...
Persistent link: https://www.econbiz.de/10012102100