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With the recent release of the 2011 purchasing power parity (PPP) data from the International Comparison Program (ICP … previous round of PPP data from 2005 led to a large increase in the estimated number of poor in the world. The 2011 price data … world.This paper presents evidence that if the global poverty line is updated with the 2011 PPP data based on the same set …
Persistent link: https://www.econbiz.de/10013021955
Sustainable Development Goals and the World Bank's twin goals, the new poverty line was chosen so as to preserve the definition … the global count, we find 12.7 percent of the world's population, or 897 million people, are living in extreme poverty …
Persistent link: https://www.econbiz.de/10013012824
Contrary to most existing studies of the literature that assumed that the effects of real exchange rate (RE) misalignment on trade flows are symmetric, this paper considers a more general and realistic framework allowing for possible asymmetric effects. We use monthly time-series data over the...
Persistent link: https://www.econbiz.de/10014083735
most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is …
Persistent link: https://www.econbiz.de/10013132818
I review theories and evidence on wage-setting institutions and labor market policies in an international comparative context. These include collective bargaining, minimum wages, employment protection laws, unemployment insurance (UI), mandated parental leave, and active labor market policies...
Persistent link: https://www.econbiz.de/10013139696
A real wage rate is a nominal wage rate divided by the price of a good and is a transparent measure of how much of the good an hour of work buys. It provides an important indicator of the living standards of workers, and also of the productivity of workers. In this paper I set out the conceptual...
Persistent link: https://www.econbiz.de/10013107200
This paper investigates the role of policies and institutions for aggregate labour market dynamics during the recent financial crisis using firm-level data. First, it provides comparable estimates on firm-level labor adjustment by country, industry and firm size. Second, using variance...
Persistent link: https://www.econbiz.de/10013081802
We analyze to which extent social inequality aversion differs across nations when controlling for actual country differences in labor supply responses. Towards this aim, we estimate labor supply elasticities at both extensive and intensive margins for 17 EU countries and the US. Using the same...
Persistent link: https://www.econbiz.de/10013086204
We propose a unified growth theory to investigate the mechanics generating the economic and demographic transition, and the role of mortality differences for comparative development. The framework can replicate the quantitative patterns in historical time series data and in contemporaneous...
Persistent link: https://www.econbiz.de/10013086663
This paper combines different strands of the productivity literature to investigate the effect of idiosyncratic (firm-level) policy distortions on aggregate outcomes. On the one hand, a growing body of empirical research has been relating cross-country differences in key economic outcomes, such...
Persistent link: https://www.econbiz.de/10013153504