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The COVID-19 pandemic led to stark reductions in economic activity in India. We employ CMIE's Consumer Pyramids …, that reservation wages fell, implying that the risk of COVID did not reduce the value of employment. Third, we find that …
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China and India have been particularly strong. Then workers in occupations that are exposed to inshoring and offshore …We examine the impact on U.S. labor markets of offshore outsourcing in services to China and India. We also consider … China and India. Using March-to-March matched CPS data for 1996-2006 we examine the impacts on (1) occupation and industry …
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Reducing global poverty and addressing climate change and other environmental crises are among the most important challenges facing humanity today. This review article discusses one way in which these problems are intertwined: economic development affects the environment. I synthesize recent...
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What model features and calibration strategies yield a large average marginal propensity to consume (MPC) in heterogeneous agent models? Through a systematic investigation of models with different preferences, dimensions of ex-ante heterogeneity, income processes and asset structure, we show...
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