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The "Austerity Myth" : Gain Without Pain?
Perotti, Roberto - 2011
Eurozone countries today) and two - Finland and Sweden - after floating the currency.All four episodes were associated with an … occurred because the sterling coincidentally appreciated. In Finland and Sweden the currency experienced an extremely large … detailed case studies, two - Denmark and Ireland - undertaken under fixed exchange rates (the most relevant case for many …
Persistent link: https://www.econbiz.de/10013118837
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How Workers Fare When Employers Innovate
Black, Sandra E.; Lynch, Lisa M.; Krivelyova, Anya - 2021
Complementing existing work on firm organizational structure and productivity, this paper examines the impact of organizational change on workers. We find evidence that employers do appear to compensate at least some of their workers for engaging in high performance workplace practices. We also...
Persistent link: https://www.econbiz.de/10013245696
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Child Penalties Across Countries : Evidence and Explanations
Kleven, Henrik - 2019
This paper provides evidence on child penalties in female and male earnings in different countries. The estimates are based on event studies around the birth of the first child, using the specification proposed by Kleven et al. (2018). The analysis reveals some striking similarities in the...
Persistent link: https://www.econbiz.de/10012893143
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What Calls to Arms? International Evidence on Interest Rates and the Choice of Adjustable-Rate Mortgages
Badarinza, Cristian - 2014
The relative popularity of adjustable-rate mortgages (ARMs) and fixed-rate mort- gages (FRMs) varies considerably both across countries and over time. We ask how movements in current and expected future interest rates affect the share of ARMs in total mortgage issuance. Using a nine-country...
Persistent link: https://www.econbiz.de/10013048590
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Were Trade and Factor Mobility Substitutes in History?
Collins, William J.; O'Rourke, Kevin H.; Williamson, … - 2021
Trade theorists have come to understand that their theory is ambiguous on the question: Are trade and factor flows substitutes? While this sounds like an open invitation for empirical research, hardly any serious econometric work has appeared in the literature. This paper uses history to fill...
Persistent link: https://www.econbiz.de/10013218517
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Sources of Convergence in the Late Nineteenth Century
Taylor, Alan M. - 2021
Although the empirical growth literature has yielded many findings on postwar convergence patterns, it has had little to say about the determinants of convergence in earlier epochs. This paper investigates convergence for group of seven countries during the period 1870-1914, the last great phase...
Persistent link: https://www.econbiz.de/10013228017
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On the Connections between Intertemporal and Intra-Temporal Trades
Ju, Jiandong - 2011
This paper develops a new theory of international economics by introducing Heckscher-Ohlin features of intra-temporal trade into an intertemporal trade approach of current account. To do so, we consider a dynamic general equilibrium model with tradable sectors of different factor intensities,...
Persistent link: https://www.econbiz.de/10013119039
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Market Design in Cap and Trade Programs : Permit Validity and Compliance Timing
Holland, Stephen P. - 2012
Cap and trade programs have considerable heterogeneity in permit validity and compliance timing. For example, permits have different validity across time (e.g., banking, borrowing, and seasons) and space (e.g., zonal restrictions), and compliance timing can be annual, in overlapping cycles, or...
Persistent link: https://www.econbiz.de/10013106300
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Effective and Equitable Adoption of Opt-In Residential Dynamic Electricity Pricing
Borenstein, Severin - 2012
While time-varying retail electricity pricing is very popular with economists, that support is not matched among regulators and consumers. Many papers have been written estimating and extolling the societal benefits of time-varying rates -- especially dynamic rates that change on a day's notice...
Persistent link: https://www.econbiz.de/10013107017
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Cognitive Mobility : Labor Market Responses to Supply Shocks in the Space of Ideas
Borjas, George J. - 2013
Knowledge producers conducting research on a particular set of questions may respond to supply and demand shocks by shifting resources to a different set of questions. Cognitive mobility measures the transition from one location to another in idea space. We examine the cognitive mobility flows...
Persistent link: https://www.econbiz.de/10013089397