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Abraham, Katharine G.; Haltiwanger, John C.; Hou, Claire Y. - National Bureau of Economic Research - 2024

Using rich administrative tax data, we explore the effects of the introduction of online ridesharing platforms on entry, employment and earnings in the Taxi and Limousine Services industry. Ridesharing dramatically increased the pace of entry of workers into the industry. New entrants were more...

Persistent link: https://www.econbiz.de/10015056092

Earnings returns to the British education expansion

Devereux, Paul J.; Fan, Wen - 2011

about a year on average and gain about 8% higher wages; women obtained a slightly greater increase in education and a … similar increase in wages. Clearly, there was a sizeable gain from being born late enough to take advantage of the greater …

Persistent link: https://www.econbiz.de/10009731763

Cross-Country Inequality Trends

Acemoglu, Daron - 2002

much less, in (continental) Europe over the same time period. I review the two most popular explanations for these … differential trends: that relative supply of skills increased faster in Europe, and that European labor market institutions … where labor market institutions creating wage compression in Europe also encourage more investment in technologies …

Persistent link: https://www.econbiz.de/10012469883

International Evidence on Sticky Consumption Growth

Carroll, Christopher D. - 2008

We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness...

Persistent link: https://www.econbiz.de/10012464771

The Effect of Macroeconomic Uncertainty on Household Spending

Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - National Bureau of Economic Research - 2021

Using a new survey of European households, we study how exogenous variation in the macroeconomic uncertainty perceived by households affects their spending decisions. We use randomized information treatments that provide different types of information about the first and/or second moments of...

Persistent link: https://www.econbiz.de/10012496179

Implied Exchange Rate Distributions : Evidence from OTC Option Markets

Campa, Jose M. - 1997

This paper uses a rich new data set of option prices on the dollar-mark, dollar-yen, and key EMS cross-rates to extract the entire risk-neutral probability density function (pdf) over horizons of one and three months. We compare three alternative smoothing methods---cubic splines, an implied...

Persistent link: https://www.econbiz.de/10012472635

"Peso Problem" Explanations for Term Structure Anomalies

Bekaert, Geert - 1997

We examine the empirical evidence on the expectations hypothesis of the term structure of interest rates in the United States, the United Kingdom, and Germany using the Campbell-Shiller (1991) regressions and a vector-autoregressive" methodology. We argue that anomalies in the U.S. term...

Persistent link: https://www.econbiz.de/10012472666

Can Myopic Loss Aversion Explain the Equity Premium Puzzle? Evidence from a Natural Field Experiment with Professional Traders

Larson, Francis - 2016

Behavioral economists have recently put forth a theoretical explanation for the equity premium puzzle based on combining myopia and loss aversion. Complementing the behavioral theory is evidence from laboratory experiments, which provide strong empirical support consistent with myopic loss...

Persistent link: https://www.econbiz.de/10012456074

Inflation-Indexed Bonds and the Expectations Hypothesis

Pflueger, Carolin E. - 2011

This paper empirically analyzes the Expectations Hypothesis (EH) in inflation-indexed (or real) bonds and in nominal bonds in the US and in the UK. We strongly reject the EH in inflation-indexed bonds, and also confirm and update the existing evidence rejecting the EH in nominal bonds. This...

Persistent link: https://www.econbiz.de/10012461754

Forced to be rich? : returns to compulsory schooling in Britain

Devereux, Paul J.; Hart, Robert A. - 2009

Do students benefit from compulsory schooling? In an important article, Oreopoulos (2006) studied the 1947 British …

Persistent link: https://www.econbiz.de/10009724988