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Risk and Saving in Two-Person Households : More Scope for Precautionary Saving

Apps, Patricia F. - 2012

The existing literature suggests that when the saving decision of two-earner households under risk is analysed, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very stringent conditions hold. This paper shows that when...

Persistent link: https://www.econbiz.de/10013099761

Economic Science and Political Influence

Saint-Paul, Gilles - 2013

When policymakers and private agents use models, the economists who design the model have an incentive to alter it in order to influence outcomes in a fashion consistent with their own preferences. I discuss some consequences of the existence of such ideological bias. In particular, I analyze...

Persistent link: https://www.econbiz.de/10013088344

Past, Present and Future Compensation Research : Economist Perspectives

Gibbs, Michael - 2017

At the 2016 Academy of Management Conference, a group of distinguished compensation researchers held a panel discussion on the future of compensation research. Their remarks were compiled into an article published in this issue. Soon after the panel, Charles Fay commissioned a similar discussion...

Persistent link: https://www.econbiz.de/10012959048

Fewer Jobs or Smaller Paychecks? Aggregate Crisis Impacts in Selected Middle-Income Countries

Khanna, Gaurav - 2011

This paper reviews evidence from 44 middle income countries on how the recent financial crisis affected jobs and workers' income. In addition to providing a rare assessment of the magnitude of the impact across several middle-income countries, the paper describes how labor markets adjusted and...

Persistent link: https://www.econbiz.de/10013120422

China's Emergence in the World Economy and Business Cycles in Latin America

Pesaran, M. Hashem - 2011

world have altered the transmission mechanism of international business cycles to Latin America. Evidence based on a Global … world shows that the long-term impact of a China GDP shock on the typical Latin American economy has increased by three … associated with a deceleration in China's economic growth in the future for both Latin America and the rest of the world economy …

Persistent link: https://www.econbiz.de/10013121741

The Role of Demographics in Precipitating Crises in Financial Institutions

Macunovich, Diane - 2009

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

Global Macro-Financial Cycles and Spillovers

Ha, Jongrim - 2020

We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...

Persistent link: https://www.econbiz.de/10012840446

Policies in Hard Times : Assessing the Impact of Financial Crises on Structural Reforms

Gokmen, Gunes - 2020

It is commonly argued that crises open up a window of opportunity to implement policies that otherwise would not have the necessary political backing. The argument goes that the political cost of deep reforms declines as crises unravel structural problems that need to be urgently rectified and...

Persistent link: https://www.econbiz.de/10012842057

Financial Crises and Liberalization : Progress or Reversals?

Saka, Orkun - 2019

Financial crisis can trigger policy reversals, i.e. they can lead to a process of re- regulation of financial markets. Using a recent comprehensive dataset on financial liberalization across 94 countries for the period between 1973 and 2015, we formally test the validity of this prediction for...

Persistent link: https://www.econbiz.de/10012868012

The Economic and Social Determinants of Migrants' Well-Being During the Global Financial Crisis

Danzer, Alexander M. - 2018

This paper investigates the economic and social determinants affecting the well-being of temporary migrants before, during and after the financial crisis. Exploiting unique panel data which cover migration spells from Tajikistan between 2001 and 2011, we find that migrants earn less but stay...

Persistent link: https://www.econbiz.de/10012929090

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