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Measuring Immigration's Effects on Labor Demand : A Reexamination of the Mariel Boatlift

Bodvarsson, Orn B.; Lewer, Joshua J.; van den Berg, Hendrik - 2021

the effects of an immigration shock on labor demand by testing a general equilibrium model in which imperfectly … substitutable native and immigrant workers spend their wages on a locally produced good. The shock induces three responses: (i) a … can fall, stay the same or rise, depending upon the strength of the shock and various product and factor market …

Persistent link: https://www.econbiz.de/10013316921

The Role of Early-Life Conditions in the Cognitive Decline Due to Adverse Events Later in Life

van den Berg, Gerard J. - 2010

Cognitive functioning of elderly individuals may be affected by events such as the loss of a (grand)child or partner or the onset of a serious chronic condition, and by negative economic shocks such as job loss or the reduction of pension benefits. It is conceivable that the impact of such...

Persistent link: https://www.econbiz.de/10013147372

Time-Poor, Working, Super-Rich

Corneo, Giacomo - 2017

This paper revisits the standard model of labor supply under two additional assumptions: consumption requires time and some limited amount of work is enjoyable. Whereas introducing each assumption without the other one does not produce novel insights, combining them together does if the wage...

Persistent link: https://www.econbiz.de/10012963868

Optimal Price Indices for Targeting Inflation Under Incomplete Markets

Anand, Rahul - 2010

In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. In this paper, we develop a two-sector two-good closed economy new Keynesian model to study the optimal choice of price index in markets with...

Persistent link: https://www.econbiz.de/10013139035

Education and Growth with Learning by Doing

Marconi, Gabriele - 2015

We develop a general equilibrium overlapping generations model which is based on the view that education makes workers more productive by increasing their ability to learn from work experience, rather than providing skills that directly increase productivity. One important implication of the...

Persistent link: https://www.econbiz.de/10013021942

Do Output Contractions Trigger Democratic Change?

Burke, Paul J. - 2010

Does faster economic growth increase pressure for democratic change, or reduce it? Using data for 154 countries for the period 1963-2007, we examine the short-run relationship between economic growth and moves toward and away from greater democracy. To address the potential endogeneity of...

Persistent link: https://www.econbiz.de/10013146834

Relative Income, Happiness and Utility : An Explanation for the Easterlin Paradox and Other Puzzles

Clark, Andrew; Frijters, Paul; Shields, Michael A. - 2021

The well-known Easterlin paradox points out that average happiness has remained constant over time despite sharp rises in GNP per head. At the same time, a micro literature has typically found positive correlations between individual income and individual measures of subjective well being. This...

Persistent link: https://www.econbiz.de/10013316988

Government Deficit Shocks and Okun's Coefficient Volatility : New Insights on the Austerity Versus Growth Debate

Pham, Binh Thai - 2019

This paper connects two salient economic features: (i) Fiscal shocks have asymmetric effects across business cycle phases (Gechert et al., 2019); (ii) Okun's coefficient is time varying and may be unstable. The intertwined dynamic behavior of fiscal shocks and unemployment-output trade-offs are...

Persistent link: https://www.econbiz.de/10012864881

Children of Crisis : The Effects of Economic Shocks on Newborns

Akbulut-Yuksel, Mevlude - 2020

In this paper, we explore the deep economic crisis experienced by the Turkish economy in 2001 and 2008 as quasi-experiments to causally identify the association between economically challenging conditions in-utero and child's birth weight. First, we utilize the temporal and spatial variations of...

Persistent link: https://www.econbiz.de/10012843173

Uncertainty Shocks and Unemployment Dynamics

2020

Recent events suggest that uncertainty changes play a major role in U.S. labor market fluctuations. This study analyzes the impact of uncertainty shocks on unemployment dynamics. Using a vector autoregression approach, we show that uncertainty shocks measured by stock market volatility have a...

Persistent link: https://www.econbiz.de/10012829214

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