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Investment Crowding-Out and Labor Market Effects of Financialization in the U.S.
González, Ignacio; Sala, Hector - Institute for the Study of Labor (IZA) - 2013
This paper studies the impact of financialization on unemployment in the U.S. We estimate a dynamic multi …-equation macro labor model including labor demand, labor supply, wage-setting and capital accumulation equations. Financialization … swings experienced by the financialization process. We find that it has had relevant unemployment effects in all periods …
Persistent link: https://www.econbiz.de/10010959689
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Investment crowding-out and labor market effects of financialization in the US
González, Ignacio; Sala, Hector - 2013
This paper studies the impact of financialization on unemployment in the U.S. We estimate a dynamic multi …-equation macro labor model including labor demand, labor supply, wage-setting and capital accumulation equations. Financialization … swings experienced by the financialization process. We find that it has had relevant unemployment effects in all periods …
Persistent link: https://www.econbiz.de/10010293162
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Capitalism Recoupled
Kelly, Colm; Snower, Dennis J. - 2021
– globalization, technological advance and financialization (GTF) – that have weakened the connections between economies and societies …
Persistent link: https://www.econbiz.de/10012658088
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How Corruption Hits People When They Are Down
Hunt, Jennifer - Institute for the Study of Labor (IZA) - 2006
Using cross-country and Peruvian data, I show that victims of misfortune, particularly crime victims, are much more likely than non-victims to bribe public officials. Misfortune increases victims’ demand for public services, raising bribery indirectly, and also increases victims’ propensity...
Persistent link: https://www.econbiz.de/10005822385
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School Drop-Out and Push-Out Factors in Brazil: The Role of Early Parenthood, Child Labor, and Poverty
Cardoso, Ana Rute; Verner, Dorte - Institute for the Study of Labor (IZA) - 2006
This paper aims at identifying the major drop-out and push-out factors that lead to school abandonment in an urban surrounding, the shantytowns of Fortaleza, Northeast Brazil. We use an extensive survey addressing risk factors faced by the population in these neighborhoods, which covered both...
Persistent link: https://www.econbiz.de/10005822494
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Wirtschaftliche Entwicklung und Demokratie: Ist Demokratie ein Wohlstandsmotor oder ein Wohlstandsprodukt?
Sunde, Uwe - Institute for the Study of Labor (IZA) - 2006
Praktisch alle wirtschaftlich entwickelten Länder der Welt sind demokratisch. Sind demokratische Strukturen also kausal für wirtschaftlichen Wohlstand und Wachstum? Oder ist es vielmehr der wirtschaftliche Entwicklungsstand eines Landes, der eine Demokratie erst ermöglicht? Dieser Artikel...
Persistent link: https://www.econbiz.de/10005822946
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Innovative Firms or Innovative Owners? Determinants of Innovation in Micro, Small, and Medium Enterprises
de Mel, Suresh; McKenzie, David; Woodruff, Christopher - Institute for the Study of Labor (IZA) - 2009
Innovation is key to technology adoption and creation, and to explaining the vast differences in productivity across and within countries. Despite the central role of the entrepreneur in the innovation process, data limitations have restricted standard analysis of the determinants of innovation...
Persistent link: https://www.econbiz.de/10005822994
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Development and Sources of Labor Productivity in Chinese Provinces
Su, Biwei; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2011
As China exhibited unprecedented rapid economic growth ever since its reform and openness, the development and sources … of labor productivity has gradually come to the forefront. This paper studies the development and the source of labor …
Persistent link: https://www.econbiz.de/10009416957
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The Great Happiness Moderation
Clark, Andrew E.; Flèche, Sarah; Senik, Claudia - Institute for the Study of Labor (IZA) - 2012
This paper shows that within-country happiness inequality has fallen in the majority of countries that have experienced positive income growth over the last forty years, in particular in developed countries. This new stylized fact comes as an addition to the Easterlin paradox, which states that...
Persistent link: https://www.econbiz.de/10011252278
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Risk-Taking Behavior in the Wake of Natural Disasters
Cameron, Lisa A.; Shah, Manisha - Institute for the Study of Labor (IZA) - 2012
show that an increase in risk-aversion has important implications for economic development. …
Persistent link: https://www.econbiz.de/10011252290