Showing 1 - 10 of 49
We review research on the impact of immigration on income distribution. We discuss routes through which immigration can …. Immigration may affect the composition of skills among the residents of a country. Moreover, immigrants can, by changing relative … recent increases in immigration to OECD countries and on the distribution of native and immigrant educational attainment. We …
Persistent link: https://www.econbiz.de/10013098471
We exploit migration patterns from the UK to Australia, South Africa, and the US to investigate whether a person's decision to smoke is determined by culture. For each country, we use retrospective data to describe individual smoking trajectories over the life-course. For the UK, we use these...
Persistent link: https://www.econbiz.de/10013082153
At a time of historic challenges to the viability of the Eurozone, we assess the contribution of the EU and the Euro to … segmentation is significantly lower for EU versus non- EU members. Bilateral valuation differentials remain lower for EU members …, financial regulation, and interest rate differences. Importantly, we find that EU membership reduces equity market segmentation …
Persistent link: https://www.econbiz.de/10013135396
This paper explores price differences in the European Union (EU) pharmaceutical market, the EU's fifth largest industry …. With the aim of enhancing quality of life along with industry competitiveness and R&D capability, many EU directives have … been adopted to achieve a single EU-wide pharmaceutical market. Using annual 1994-2003 data on prices of molecules that …
Persistent link: https://www.econbiz.de/10013139285
The creation of the euro should now be recognized as an experiment that has led to the sovereign debt crisis in several countries, the fragile condition of major European banks, the high levels of unemployment, and the large trade deficits that now exist in most Eurozone countries. Although the...
Persistent link: https://www.econbiz.de/10013118129
and recovery patterns for key EU members like Germany and France, within the Eurozone, were similar. However, after the … system than the Eurozone politically weakly integrated system. The disparity is traced to the EU's and Eurozone's special …
Persistent link: https://www.econbiz.de/10013100996
This paper investigates the welfare gains from European trade integration, and the role of comparative advantage in determining the magnitude of those gains. We use a multisector Ricardian model implemented on 79 countries, and compare welfare in the 2000s to a counterfactual scenario in which...
Persistent link: https://www.econbiz.de/10013106647
This paper examines the sources of current conflict within the EU and the EMU. The topics discussed include the recent …
Persistent link: https://www.econbiz.de/10013089018
deviations in the global financial crisis (GFC), while EU banks' credit risk and market risk were useful in explaining the … deviations in the Euro crisis. In particular, EU banks' credit risk and market risk had asymmetric effect on the deviations. The …
Persistent link: https://www.econbiz.de/10012999986
Although recent research shows that the euro has spurred cross-border financial integration, the exact mechanisms remain unknown. We investigate the underlying channels of the euro's effect on financial integration using data on bilateral banking linkages among twenty industrial countries in the...
Persistent link: https://www.econbiz.de/10013152591