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The Real Effects of Banking the Poor : Evidence from Brazil
Fonseca, Julia; Matray, Adrien - National Bureau of Economic Research - 2022
increase with workers' productivity, implying a substantial increase in wage inequality. The changes to inequality are …
Persistent link: https://www.econbiz.de/10013210085
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The Endowment Effect and Collateralized Loans
Carney, Kevin; Kremer, Michael; Lin, Xinyue; Rao, Gautam - National Bureau of Economic Research - 2022
Collateral requirements play an important role in credit markets. This paper shows that the endowment effect--the phenomenon where owing a good increases one's valuation of it--inhibits demand for loans which use a borrower's existing assets as collateral. Using a field experiment in Kenya, we...
Persistent link: https://www.econbiz.de/10013210101
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Blended Finance
Flammer, Caroline; Giroux, Thomas; Heal, Geoffrey - National Bureau of Economic Research - 2024
Blended finance---the use of public and philanthropic funding to crowd in private capital---is a potential way to finance a more sustainable world. While blended finance holds the promise of being catalytic in mobilizing vast amounts of private capital, little is known about this practice. In...
Persistent link: https://www.econbiz.de/10014512141
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The Effects of Mental Health Interventions on Labor Market Outcomes in Low- and Middle-Income Countries
Lund, Crick; Orkin, Kate; Witte, Marc; Walker, John; … - National Bureau of Economic Research - 2024
Mental health conditions are prevalent but rarely treated in low- and middle-income countries (LMICs). Little is known about how these conditions affect economic participation. This paper shows that treating mental health conditions substantially improves recipients' capacity to work in these...
Persistent link: https://www.econbiz.de/10014544702
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The Future of Global Economic Power
Benzell, Seth G.; Kotlikoff, Laurence J.; Kazakova, Marija - National Bureau of Economic Research - 2022
demographic and IMF fiscal data. Productivity growth and its interaction with demographic change are the main drivers of future … productivity growth using each region's long-term record, predict China and India becoming the world's top two economic hegemons … findings are, however, highly sensitive to productivity growth. If productivity growth continues at each region's very recent …
Persistent link: https://www.econbiz.de/10013435118
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Mechanics of Spatial Growth
Cai, Sheng; Caliendo, Lorenzo; Parro, Fernando; Xiang, Wei - National Bureau of Economic Research - 2022
We develop a dynamic spatial growth model to explore the role of trade and internal migration in the process of spatial development and aggregate growth. Growth is shaped by the best global and local ideas that contribute to the local stock of knowledge. Global ideas diffuse more to locations...
Persistent link: https://www.econbiz.de/10013435141
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Depression and Loneliness Among the Elderly Poor
Banerjee, Abhijit V.; Duflo, Esther; Grela, Erin; … - National Bureau of Economic Research - 2022
The mental health of the elderly in low- and middle-income countries (LMICs) is a largely neglected subject, both by policy and research. We combine data from the health and retirement family of surveys in seven LMICs (plus the US) to document that depressive symptoms among those aged 55 and...
Persistent link: https://www.econbiz.de/10013388786
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The Social Tax : Redistributive Pressure and Labor Supply
Carranza Noguera, Eliana; Donald, Aletheia; Grosset, Florian - National Bureau of Economic Research - 2022
come at a cost, depressing labor supply and productivity …
Persistent link: https://www.econbiz.de/10013388794
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A Framework for Economic Growth with Capital-Embodied Technical Change
Jones, Benjamin F.; Liu, Xiaojie - National Bureau of Economic Research - 2022
perspectives on the apparent productivity slowdown and declining labor share of income. Third, it can produce rich industry …
Persistent link: https://www.econbiz.de/10013388815
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Spatial Structural Change
Eckert, Fabian; Peters, Michael - National Bureau of Economic Research - 2022
Between 1880 and 1920, the US agricultural employment share fell from 50% to 25%. However, despite aggregate demand shifting away from their sector of specialization, rural labor markets saw faster wage growth and industrialization than non-agricultural parts of the US. We propose a spatial...
Persistent link: https://www.econbiz.de/10013388845