Showing 1 - 10 of 523
Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels …. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded …, the accession of China to the World Trade Organization has dramatically amplified the effects of these structural …
Persistent link: https://www.econbiz.de/10013098458
Member countries of the European Monetary Union (EMU) initiated wide-ranging labor market reforms in the last decade. This process is ongoing as countries that are faced with serious labor market imbalances perceive reforms as the fastest way to restore competitiveness within a currency union....
Persistent link: https://www.econbiz.de/10013046659
For more than two decades now, current-account imbalances are a crucial issue in the international policy debate as they threaten the stability of the world economy. More recently, the government debt crisis of the European Union shows that internal current account imbalances inside a currency...
Persistent link: https://www.econbiz.de/10012930946
This paper delves into the recent events that led to the formation of the housing bubble in Spain and the resulting structural change that is arguably needed to put the economy back into the right track. For this purpose we calibrate a model with different equilibria descriptive of the labor...
Persistent link: https://www.econbiz.de/10013024917
Income inequality in the context of large structural change has received a lot of attention in the literature, but most studies relied on household post-transfer inequality measures. This study utilizes a novel and fairly comprehensive collection of micro data sets from between 1980's and 2010...
Persistent link: https://www.econbiz.de/10012930948
This paper highlights the employment patterns of China's over-45 population and, for perspective, places them in the … developing countries, China can be characterized as having two retirement systems: a formal system, under which urban employees … of exit from work are shown to be much greater in urban China than in rural areas, and also greater than observed in …
Persistent link: https://www.econbiz.de/10013118526
evaluates the importance of major domains of childhood circumstances to health inequalities in the USA and China. We link two … waves of the China Health and Retirement Longitudinal Study (CHARLS) in 2013 and 2015 with the newly released 2014 Life …-16 percent and 14-30 percent of health inequality in old age in China and the USA, respectively. Specifically, the contribution …
Persistent link: https://www.econbiz.de/10012828599
jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the …
Persistent link: https://www.econbiz.de/10013086223
The mild response of the German labor market to the worst global recession in post-warhistory appears as an economic miracle. In response to the crisis, Germany has shown to bea strong case of internal flexibility. We argue that important factors that have contributed tothis development include...
Persistent link: https://www.econbiz.de/10009486981
This paper provides unheard direct evidence that comparisons exert a significant effect onsubjective well-being. It also evaluates the relative importance of different types ofbenchmarks...
Persistent link: https://www.econbiz.de/10005861346