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Produce or Speculate? Asset Bubbles, Occupational Choice and Efficiency
Cahuc, Pierre - 2009
, thereby causing rational bubbles to lose their efficiency properties. Moreover, if speculation can be carried out by skilled …We study the macroeconomic effects of rational asset bubbles in an overlapping-generations economy where asset trading … are large, the private gains associated with trading asset bubbles may lead too many workers to become speculators …
Persistent link: https://www.econbiz.de/10013153172
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Who Cares About Stock Market Booms and Busts? Evidence from Data on Mental Health
Ratcliffe, Anita - 2012
This paper investigates the relationship between share prices and mental health, exploiting the availability of interview dates in the British Household Panel Survey to match the level and changes in the FTSE All Share price index to respondents over the period 1991-2008. We present evidence...
Persistent link: https://www.econbiz.de/10013098468
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Immigrant Heterogeneity and the Earnings Distribution in the United Kingdom and United States : New Evidence from a Panel Data Quantile Regression Analysis
Billger, Sherrilyn M. - 2010
In this paper we use a relatively new panel data quantile regression technique to examine native-immigrant earnings differentials 1) throughout the conditional wage distribution, and 2) controlling for individual heterogeneity. No previous papers have simultaneously considered these factors. We...
Persistent link: https://www.econbiz.de/10013136720
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Housing Mobility and Downsizing at Older Ages in Britain and the United States
Banks, James W. - 2010
This paper investigates the effects of housing price risk on housing choices over the life-cycle. Housing price risk can be substantial but, unlike other risky assets which people can avoid, the fact that most people will eventually own their home creates an insurance demand for housing assets...
Persistent link: https://www.econbiz.de/10013138268
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Inequality During the Early Years : Child Outcomes and Readiness to Learn in Australia, Canada, United Kingdom, and United States
Bradbury, Bruce - 2011
This study of the emergence of inequality during the early years is based upon a comparative analysis of children at the age of about five years in Australia, Canada, the United Kingdom and the United States. We study a series of child outcomes related to readiness to learn, focusing on...
Persistent link: https://www.econbiz.de/10013118038
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Extensive and Intensive Margins of Labour Supply : Working Hours in the US, UK and France
Blundell, Richard W. - 2011
This paper documents the key stylised facts underlying the evolution of labour supply at the extensive and intensive margins in the last forty years in three countries: United-States, United-Kingdom and France. We develop a statistical decomposition that provides bounds on changes at the...
Persistent link: https://www.econbiz.de/10013119012
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Mind the Gap : Net Incomes of Minimum Wage Workers in the EU and the US
Marx, Ive - 2012
This paper focuses on the role of minimum wages, tax and benefit policies in protecting workers against financial poverty, covering 21 European countries with a national minimum wage and three US States (New Jersey, Nebraska and Texas). It is shown that only for single persons and only in a...
Persistent link: https://www.econbiz.de/10013106961
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The Effect of Family Structure on Parents' Child Care Time in the United States and the United Kingdom
Kalenkoski, Charlene M. - 2006
We use time-diary data from the 2003 and 2004 American Time Use Surveys and the 2000 United Kingdom Time Use Study to estimate the effect of family structure on the time mothers and fathers spend on primary and passive child care and on market work, using a system of correlated Tobit equations...
Persistent link: https://www.econbiz.de/10012779029
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Anti-Elite Politics and Emotional Reactions to Socio-Economic Problems. Experimental Evidence on 'Pocketbook Anger' from France, Germany, and the United States
Marx, Paul - 2019
Many observers have noticed the importance of anger in contemporary politics, particularly with reference to populism. This article addresses the question under which conditions people become angry about a specific aspect of their lives: their personal financial situation. Specifically, it asks...
Persistent link: https://www.econbiz.de/10012870139
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The Productivity Impact of R&D Investment : A Comparison between the EU and the US
Castellani, Davide - 2016
Using data on the US and EU top R&D spenders from 2004 until 2012, this paper investigates the sources of the US/EU productivity gap. We find robust evidence that US firms have a higher capacity to translate R&D into productivity gains (especially in the high-tech industries), and this...
Persistent link: https://www.econbiz.de/10012990873