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We study whether and how fiscal restrictions alter the business cycle features of macrovariables for a sample of 48 US states. We also examine the "typical" transmission properties of fiscal disturbances and the implied fiscal rules of states with different fiscal restrictions. Fiscal...
Persistent link: https://www.econbiz.de/10012467622
employment and retirement outcomes for older women. The spread of unilateral divorce, we find, was associated with cross … divorce significantly increases the probability of full-time employment later in life, and significantly decreases retirement … does not impact full-time employment after age 50 but is positively associated with investment in education post marriage …
Persistent link: https://www.econbiz.de/10012455942
Concerns about the quality of China's official GDP statistics have been a perennial question in understanding its economic dynamics. We use data on satellite-recorded nighttime lights as an independent benchmark for comparing various published indicators of the state of the Chinese economy....
Persistent link: https://www.econbiz.de/10012455358
Nighttime lights data are a measure of economic activity whose error is plausibly independent of the measurement errors of most conventional indicators. Therefore, we can use nighttime lights as an independent benchmark to assess existing measures of economic activity (Pinkovskiy and...
Persistent link: https://www.econbiz.de/10012456459
Nutrition is a key input in the health production function, and a better understanding of how we eat can aid in guiding effective policy change towards better population health. This study documents prevalence rates, trends in, and potential correlates of nutrient intake for panels of countries,...
Persistent link: https://www.econbiz.de/10012456496
In the last two decades, U.S. policies have moved from the use of incentives to the use of sanctions to promote work effort in social programs. Surprisingly, except for anecdotes, there is very little systematic evidence of the extent to which sanctions applied to the abusive use of social...
Persistent link: https://www.econbiz.de/10012471826
While official measures of business dynamism have seen a long-term decline, early-stage venture financing of new companies has reached levels not observed since the late 1990s, resulting in a sharp debate about the state of American entrepreneurship. Building on Guzman and Stern (2015a; 2015b), this...
Persistent link: https://www.econbiz.de/10012456579
responsible for the slow recovery of employment, though not for the initial drop. Monetary policy shocks predict an inflation rate … 0.5% below average. Government expenditure innovations do not contribute much either to inflation or to employment …
Persistent link: https://www.econbiz.de/10012457959
explanation for several seemingly unrelated facts about employment growth in macro and micro data. In particular, they generate … of employment growth to TFP shocks estimated from Census data induce significant skewness, movements in volatility and …
Persistent link: https://www.econbiz.de/10012458195
employment fluctuations over the business cycle but there is little direct empirical evidence on this conjecture. This paper …, and construction workers. I study the wage and employment responses of these occupations to the housing cycle, a proxy for … labor demand shocks to the industry. The employment of real estate agents, whose pay is far more flexible than the other …
Persistent link: https://www.econbiz.de/10012456181