Narrow search
Showing 1 - 10 of 133
Cover Image
The Heterogeneous State of Modern Macroeconomics : A Reply to Solow
Chari, Varadarajan V. - 2008
Robert Solow has criticized our 2006 Journal of Economic Perspectives essay describing quot;Modern Macroeconomics in Practice.quot; Solow eloquently voices the commonly heard complaint that too much macroeconomic work today starts with a model with a single type of agent. We argue that modern...
Persistent link: https://www.econbiz.de/10012773216
Cover Image
The Use and Misuse of Income Data and Extreme Poverty in the United States
Meyer, Bruce - 2019
Recent research suggests that rates of extreme poverty, commonly defined as living on less than $2/person/day, are high and rising in the United States. We re-examine the rate of extreme poverty by linking 2011 data from the Survey of Income and Program Participation and Current Population...
Persistent link: https://www.econbiz.de/10012869067
Cover Image
Double-Counting of Investment
Barro, Robert J. - 2019
The national-income accounts double-count investment, which enters once when it occurs and again in present value as rental income on added capital. The double-counting implies over-statement of levels of GDP and national income. Across countries, those with higher propensities to invest...
Persistent link: https://www.econbiz.de/10012870726
Cover Image
Taking PISA Seriously : How Accurate are Low Stakes Exams?
Akyol, Pelin - 2018
PISA is seen as the gold standard for evaluating educational outcomes worldwide. Yet, being a low-stakes exam, students may not take it seriously resulting in downward biased scores and inaccurate rankings. This paper provides a method to identify and account for non-serious behavior in...
Persistent link: https://www.econbiz.de/10012912512
Cover Image
International Risk Sharing in the Short Run and in the Long Run
Baxter, Marianne - 2011
International risk-sharing has far-reaching implications both for economic policy and for basic research in economics. When countries do not share risk, individuals in those countries experience fluctuations in their consumption levels that are undesirable and possibly unnecessary. This paper...
Persistent link: https://www.econbiz.de/10013129220
Cover Image
Worker Absence and Productivity : Evidence from Teaching
Herrmann, Mariesa A - 2010
A significant amount of work time is lost each year due to worker absence, but evidence on the productivity losses from …
Persistent link: https://www.econbiz.de/10013136022
Cover Image
On the Timing and Pricing of Dividends
van Binsbergen, Jules H. - 2010
We recover prices of dividend strips on the aggregate stock market using data from derivatives markets. The price of a k-year dividend strip is the present value of the dividend paid in k years. The value of the stock market is the sum of all dividend strip prices across maturities. We study the...
Persistent link: https://www.econbiz.de/10013137025
Cover Image
Investing in Our Young People
Cunha, Flavio - 2010
This paper reviews the recent literature on the production of skills of young persons. The literature features the multiplicity of skills that explain success in a variety of life outcomes. Noncognitive skills play a fundamental role in successful lives. The dynamics of skill formation reveal...
Persistent link: https://www.econbiz.de/10013140990
Cover Image
Competing on Speed
Philippon, Thomas - 2011
Two forces have reshaped global securities markets in the last decade: Exchanges operate at much faster speeds and the trading landscape has become more fragmented. In order to analyze the positive and normative implications of these evolutions, we study a framework that captures (i) exchanges'...
Persistent link: https://www.econbiz.de/10013117526
Cover Image
Weekends and Subjective Well-Being
Helliwell, John F. - 2011
size and likely determinants of the weekend effects for emotions. Weekend effects are twice as large for full-time paid … differences in the amount of time spent with friends or family between weekends and weekdays (7.1 vs. 5.4 hours). The extra daily … social time of 1.7 hours in weekends raises average happiness by about 2% …
Persistent link: https://www.econbiz.de/10013122657