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Distributional consequences typically receive limited attention in economic models that analyze the effects of monetary and financial sector policies. These consequences deserve more attention since financial markets are incomplete, imperfect, and economic agents' access to them is often...
Persistent link: https://www.econbiz.de/10013072155
Europe than in the West, except for Ireland, the UK and Austria. Between 2004 and 2009, no cases found when unemployment and … dependent informality rates in a country went up together, suggesting that work without contract is pro-cyclical in Europe … equal. In Southern and Western Europe, immigrants from CEE and FSU feature the highest dependent informality rate, whilst in …
Persistent link: https://www.econbiz.de/10013121760
Using a new survey, we show that the dispersion of marginal products across firms in the European Union is about twice as large as that in the United States. Reducing it to the US level would increase EU GDP by more than 30 percent. Alternatively, removing barriers between industries and...
Persistent link: https://www.econbiz.de/10012923225
to its euro and refugee crises, Europe is suffering from an entrepreneurship crisis. Entrepreneurs are increasingly older …, given that Europe faces rising unemployment, growing numbers of unassimilated migrants, and more pensioners - and all in the … crisis. Demographic changes and institutional shortcomings are thus at the core of the entrepreneurship crisis in Europe …
Persistent link: https://www.econbiz.de/10012996525
We study the health determinants of immigrant men and women over the age of fifty, in Europe, and compare them to …
Persistent link: https://www.econbiz.de/10013030713
Is the Chinese growth miracle - a remarkably high growth rate sustained for over two decades - likely to persist or are the seeds of its eventual demise contained in the policies that have boosted growth? For all its presumed flaws, the particular approach to macroeconomic and structural...
Persistent link: https://www.econbiz.de/10013316851
Labor markets in the transition economies of Central and Eastern Europe underwent adramatic transformation. Notably …
Persistent link: https://www.econbiz.de/10005861190
This article sheds light on the important differences in self-declared happiness across countries of equivalent affluence. It hinges on the different happiness statements of natives and immigrants in a set of European countries to disentangle the influence of objective circumstances versus...
Persistent link: https://www.econbiz.de/10013117611
data we are able to compare Israel and Europe that have fundamentally different migration policies. Israel has virtually … natives; b) immigrants to Europe have better health than natives upon arrival and up to eleven years since arrival in the host …
Persistent link: https://www.econbiz.de/10013015017
In this paper, we investigate the effect of real estate prices on productive investment. We build a simple theoretical framework of firms' investment with credit rationing and real estate collateral. We show that real estate prices affect firms' borrowing capacities through two channels.An...
Persistent link: https://www.econbiz.de/10012906468