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There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...
Persistent link: https://www.econbiz.de/10013155560
This paper proposes a test for the existence and the degree of contagious presenteeism and negative externalities in sickness insurance schemes. First, we theoretically decompose moral hazard into shirking and contagious presenteeism behavior. Then we derive testable conditions for reduced...
Persistent link: https://www.econbiz.de/10013027749
The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that financial shocks do translate into the labor markets. In this paper we first document that financial recessions amplify labor market volatility and Okun's elasticity over the...
Persistent link: https://www.econbiz.de/10013099747
Economic theory and empirical evidence clearly show that social exclusion dimensions are inter-related. Notwithstanding …) are more likely to experience contagion than women who do not search (inactive) …
Persistent link: https://www.econbiz.de/10012777463
contagion needs to be heterogeneous across India, depending on the ex-ante economic structure of a region …
Persistent link: https://www.econbiz.de/10013225544
the employer's knowledge (information) regarding the employees' productivity levels on the total time spent by the workers …
Persistent link: https://www.econbiz.de/10013096774
We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked differences in banks' health at the onset of the Great Recession. Several weak banks were rescued by the State and they reduced credit more than other banks. We compare...
Persistent link: https://www.econbiz.de/10013071423
While results are starting to emerge, not much is known yet about the dynamics of the labormarkets of the former Eastern economies, especially in the context of the current FinancialCrisis. Arguably, this is mainly due to paucity of (panel) data. By examining labor markettransitions, earnings...
Persistent link: https://www.econbiz.de/10009522192
By allowing for imperfectly informed markets and the role of private information, we offer newinsights about observed … models predict. Our model ascribesthe “bias” to endogenous information acquisition bolstered by investors’ human capital … differences across countries in the degree towhich home asset prices are “information-revealing”, which may be relevant for …
Persistent link: https://www.econbiz.de/10009522205
Using micro-data on six surveys the Gallup World Poll 2005-2023, the U.S. Behavioral Risk Factor Surveillance System, 1993-2022, Eurobarometer 1991-2022, the UK Covid Social Survey Panel, 2020-2022, the European Social Survey 2002-2020 and the IPSOS Happiness Survey 2018-2023 we show...
Persistent link: https://www.econbiz.de/10014345570