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Inequality and volatility moderation in Russia: evidence from micro-level panel data on consumption and income
Gorodnichenko, Yuriy; Peter, Klara Sabirianova; … - 2009
Monitoring Survey (RLMS) for 1994-2005. We analyze cross-sectional income and consumption inequality and find that inequality … shocks. The response of consumption to permanent and transitory income shocks becomes weaker later in the sample, consistent …
Persistent link: https://www.econbiz.de/10010269374
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Inequality and Volatility Moderation in Russia: Evidence from Micro-Level Panel Data on Consumption and Income
Gorodnichenko, Yuriy; Sabirianova Peter, Klara; … - Institute for the Study of Labor (IZA) - 2009
Monitoring Survey (RLMS) for 1994-2005. We analyze cross-sectional income and consumption inequality and find that inequality … shocks. The response of consumption to permanent and transitory income shocks becomes weaker later in the sample, consistent …
Persistent link: https://www.econbiz.de/10005004571
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Long-Term Effects of Shocks on New Opportunity and Necessity Entrepreneurship
Congregado, Emilio; Fossen, Frank M.; Rubino, Nicola; … - 2024
The dynamics of startup activity are crucial for job creation, innovation, and a competitive economy. Does regional firm formation exhibit hysteresis, such that shocks, including those induced by temporary policy interventions, have permanent effects? Due to the pronounced heterogeneity among...
Persistent link: https://www.econbiz.de/10014533859
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International Job Search:Mexicans In and Out of the US
Rendon, Sílvio; Cuecuecha, Alfredo - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
It is argued that migration from Mexico to the US and its corresponding return migration aredetermined by international wage differentials and preferences for origin. We use a model ofjob search, savings and migration to show that job turnover is a crucial determinant of themigration process...
Persistent link: https://www.econbiz.de/10005861161
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Monopsony Makes Firms Not Only Small but Also Unproductive: Why East Germany Has Not Converged
Bachmann, Rüdiger; Bayer, Christian; Stüber, Heiko; … - 2022
When employers face a trade-off between growing large and paying low wages—that is, when they have monopsony power—some productive employers will decide to acquire fewer customers, forgo sales, and remain small. These decisions have adverse consequences for aggregate labor productivity....
Persistent link: https://www.econbiz.de/10013351832
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Optimal Allocations in Growth Models with Private Information
Krebs, Tom; Scheffel, Martin - 2022
-additive expected utility representation with a one-period utility function that is additive over consumption and effort as well as … logarithmic over consumption. Human capital investment is risky due to idiosyncratic shocks that follow a Markov process with … the sense that individual effort levels and individual consumption growth rates are history-independent. Further …
Persistent link: https://www.econbiz.de/10013470413
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Geographic Mobility over the Life-Cycle
Diaz, Antonia; Jáñez, Álvaro; Wellschmied, Felix - 2023
When mobility between locations is frictional, a person's economic well-being is partially determined by her place of birth. Using a life cycle model of mobility, we find that search frictions are the main impairment to the mobility of young people in Spain, and these frictions are particularly...
Persistent link: https://www.econbiz.de/10014296640
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Education, Birth Order, and Family Size
Bagger, Jesper; Birchenall, Javier A.; Mansour, Hani; … - 2013
We introduce a general framework to analyze the trade-off between education and family size. Our framework incorporates parental preferences for birth order and delivers theoretically consistent birth order and family size effects on children's educational attainment. We develop an empirical...
Persistent link: https://www.econbiz.de/10010319554
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SAFE to Update Inflation Expectations? New Survey Evidence on Euro Area Firms
Baumann, Ursel; Ferrando, Annalisa; Georgarakos, Dimitris; … - 2024
This paper provides new survey evidence on firms' inflation expectations in the euro area. Building on the ECB's Survey on the Access to Finance of Enterprises (SAFE), we introduce consistent measurement of inflation expectations across countries and shed new light on the properties and causal...
Persistent link: https://www.econbiz.de/10014567474
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Rising Occupational and Industry Mobility in the United States : 1968-1993
Kambourov, Gueorgui; Manovskii, Iourii - 2004
We analyze the dynamics of worker mobility in the United States over the 1968-1993 period at various levels of occupational and industry aggregation. We find a substantial overall increase in occupational and industry mobility over the period and document the levels and time trends in mobility...
Persistent link: https://www.econbiz.de/10010261866