This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...

We analyze the effect of fertility on income per capita with a particular focus on the experience of Europe. For European countries with below-replacement fertility, the cost of continued low fertility will only be observed in the long run. We show that in the short run, a fall in the fertility...

This paper examines the determinants of overseas mass migration from eleven European countries in the late 19th century. They typically passed through something like a half-century life-cycle: a steep rise in emigration rates from low levels in preindustrial decades, followed by a plateau of...

The Age of Mass Migration (1850-1913) was among the largest migration episodes in history. During this period, the United States maintained open borders. Using a novel dataset of Norway-to-US migrants, we estimate the return to migration while accounting for migrant selection across households...

As part of a process that has been at work since 1850, real wages among the current OECD countries converged during the late 19th century. The convergence was pronounced as that which we have seen in the post World War Il period. This paper uses computable general equilibrium models to isolate...

In the first global century before 1914, trade and especially migration had profound effects on both low-wage, labor abundant Europe and the high-wage, labor scarce New World. Those global forces contributed to a reduction in unskilled labor scarcity in the New World and to a rise in unskilled...

The Messina-Reggio Calabria Earthquake (1908) was the most devastating natural disaster in modern European history. It occurred when overseas mass emigration from southern Italy was at its peak and international borders were open, making emigration a readily available option for relief. We use...

In this paper we document the impact of immigration at the regional level on Europeans' political preferences as expressed by voting behavior in parliamentary or presidential elections between 2007 and 2016. We combine individual data on party voting with a classification of each party's...

We examine the relationship between immigration and attitudes toward redistribution using a newly assembled data set of immigrant stocks for 140 regions of 16 Western European countries. Exploiting within-country variations in the share of immigrants at the regional level, we find that native...

Is culture an important determinant of preferences for redistribution? To separate the effect of culture from the effect of the economic and institutional environment (quot;contextquot;), we relate immigrants' preferences for redistribution to the average preference in their birth countries,...