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Ferranna, Maddalena; Sevilla, J. P.; Zucker, Leo; … - National Bureau of Economic Research - 2022

We analyze time use studies to describe how people allocate their time as they age, especially among paid work, unpaid work, leisure, and personal care. We emphasize differences in time allocation between older (i.e., those aged 65+) and younger people; between developed and developing countries;...

Persistent link: https://www.econbiz.de/10013210058

On the Global Impact of Risk-off Shocks and Policy-put Frameworks

Caballero, Ricardo J. - 2019

Global risk-off shocks can be highly destabilizing for financial markets and, absent an adequate policy response, may trigger severe recessions. Policy responses were more complex for developed economies with very low interest rates after the Global Financial Crisis (GFC). We document, however,...

Persistent link: https://www.econbiz.de/10012479979

The "Other" Imbalance and the Financial Crisis

Caballero, Ricardo J. - 2010

the U.S. would experience a sudden stop of capital flows, which would unavoidably drag the world economy into a deep … instead that the root imbalance was of a different kind: The entire world had an insatiable demand for safe debt instruments … of exposing the economy to a systemic panic. This structural problem can be alleviated if governments around the world …

Persistent link: https://www.econbiz.de/10012463014

Changing Research Perspectives on the Global Health Workforce

Bärnighausen, Till - 2009

Past research on the health workforce can be structured into three perspectives - "health workforce planning" (1960 through 1970s); "the health worker as economic actor" (1980s through 1990s); and "the health worker as necessary resource" (1990s through 2000s). During the first phase, shortages...

Persistent link: https://www.econbiz.de/10012463481

Disease and Development Revisited

Bloom, David E. - 2009

In a recent paper, Acemoglu and Johnson (2007) argue that the large increases in population health witnessed in the 20th century may have lowered income levels. We argue that this result depends crucially on their assumption that initial health and income do not affect subsequent economic...

Persistent link: https://www.econbiz.de/10012463513

Global Imbalances and Financial Fragility

Caballero, Ricardo J. - 2009

behind this crisis is the large demand for riskless assets from the rest of the world. In this paper we present a model to …

Persistent link: https://www.econbiz.de/10012463959

Financial Crash, Commodity Prices and Global Imbalances

Caballero, Ricardo J. - 2008

In this paper we argue that the persistent global imbalances, the subprime crisis, and the volatile oil and asset prices that followed it, are tightly interconnected. They all stem from a global environment where sound and liquid financial assets are in scarce supply

Persistent link: https://www.econbiz.de/10012464126

Fertility, Female Labor Force Participation, and the Demographic Dividend

Bloom, David E. - 2007

We estimate the effect of fertility on female labor force participation in a cross-country panel data set using abortion legislation as an instrument for fertility. We find a large negative effect of the fertility rate on female labor force participation. The direct effect is concentrated among...

Persistent link: https://www.econbiz.de/10012465064

On the Macroeconomics of Asset Shortages

Caballero, Ricardo J. - 2006

The world has a shortage of financial assets. Asset supply is having a hard time keeping up with the global demand for … and deflationary episodes in parts of the world, all fall into place once one adopts this asset shortage perspective …

Persistent link: https://www.econbiz.de/10012465908

Demographic Change, Social Security Systems, and Savings

Bloom, David E. - 2006

In theory, improvements in healthy life expectancy should generate increases in the average age of retirement, with little effect on savings rates. In many countries, however, retirement incentives in social security programs prevent retirement ages from keeping pace with changes in life...

Persistent link: https://www.econbiz.de/10012466040