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Wage Equalization and Regional Misallocation : Evidence from Italian and German Provinces

Boeri, Tito - 2019

Italy and Germany have similar geographical differences in productivity - North more productive than South in Italy …; West more productive than East in Germany - but have adopted different models of wage bargaining. Italy sets wages based on … nationwide contracts that allow for limited local wage adjustments, while Germany has moved toward a more flexible system that …

Persistent link: https://www.econbiz.de/10012479565

The World's Rust Belts : The Heterogeneous Effects of Deindustrialization on 1,993 Cities in Six Countries

Gagliardi, Luisa; Moretti, Enrico; Serafinelli, Michel - National Bureau of Economic Research - 2023

We investigate the employment consequences of deindustrialization for 1,993 cities in France, Germany, Great Britain …, Italy, Japan, and the United States. In all six countries we find a strong negative relationship between a city's share of …

Persistent link: https://www.econbiz.de/10014447269

Who Benefits From Productivity Growth? Direct and Indirect Effects of Local TFP Growth on Wages, Rents, and Inequality

Hornbeck, Richard - 2018

However, local productivity growth also has important general equilibrium effects through worker mobility. We estimate that 38% of the overall increase in workers' purchasing power occurs outside cities directly affected by local TFP growth. The indirect effects on worker earnings are...

Persistent link: https://www.econbiz.de/10012453059

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/10012458258

Does Education Improve Citizenship? Evidence from the U.S. and the U.K

Milligan, Kevin - 2003

Many economists and educators of diverse political beliefs favor public support for education on the premise that a more educated electorate enhances the quality of democracy. While some earlier studies document an association between schooling and citizenship, little attempt has been made to...

Persistent link: https://www.econbiz.de/10012469116

Inequality at Work : The Effect of Peer Salaries on Job Satisfaction

Card, David - 2010

We use a simple theoretical framework and a randomized manipulation of access to information on peers' wages to provide new evidence on the effects of relative pay on individual job satisfaction and job search intentions. A randomly chosen subset of employees of the University of California (UC)...

Persistent link: https://www.econbiz.de/10012462260

Real Wage Inequality

Moretti, Enrico - 2008

A large literature has documented a significant increase in the difference between the wage of college graduates and high school graduates over the past 30 years. I show that from 1980 to 2000, college graduates have experienced relatively larger increases in cost of living, because they have...

Persistent link: https://www.econbiz.de/10012464279

The Agglomeration of Urban Amenities : Evidence from Milan Restaurants

Leonardi, Marco; Moretti, Enrico - National Bureau of Economic Research - 2022

In many cities, restaurants and retail establishments are spatially concentrated. Economists have long recognized the presence of demand externalities that arise from spatial agglomeration as a possible explanation, but empirically identifying this type of spillovers has proven difficult. We...

Persistent link: https://www.econbiz.de/10012814438

Biological Gender Differences, Absenteeism and the Earning Gap

Ichino, Andrea - 2006

In most Western countries illness-related absenteeism is higher among female workers than among male workers. Using the personnel dataset of a large Italian bank, we show that the probability of an absence due to illness increases for females, relative to males, approximately 28 days after a...

Persistent link: https://www.econbiz.de/10012466296

Understanding Inflation-Indexed Bond Markets

Campbell, John Y. - 2009

This paper explores the history of inflation-indexed bond markets in the US and the UK. It documents a massive decline in long-term real interest rates from the 1990's until 2008, followed by a sudden spike in these rates during the financial crisis of 2008. Breakeven inflation rates, calculated...

Persistent link: https://www.econbiz.de/10012463635