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growth to the 1990s, discussing recent criticisms of their measurement and estimation framework. Our results suggest that the …
Persistent link: https://www.econbiz.de/10012468542
We study the distribution of economic activity, as proxied by lights at night, across 250,000 grid cells of average area 560 square kilometers. We first document that nearly half of the variation can be explained by a parsimonious set of physical geography attributes. A full set of country...
Persistent link: https://www.econbiz.de/10012456530
Persistent differences in interest rates across countries account for much of the profitability of currency carry trade strategies. "Commodity currencies'' tend to have high interest rates while low interest rate currencies belong to exporters of finished goods. This pattern arises in a...
Persistent link: https://www.econbiz.de/10012459290
International trade has been cited as a source of widening wage inequality in industrial nations. Consistent with this claim, we find a significant export wage premium for high-skilled workers in German manufacturing and an export wage discount for lower skilled workers, using matched...
Persistent link: https://www.econbiz.de/10012462668
Countries' geographic characteristics have important effects on their trade, and are plausibly uncorrelated with other determinants of their incomes. This paper therefore constructs measures of the geographic component of countries' trade and uses those measures to obtain instrumental variables...
Persistent link: https://www.econbiz.de/10012473383
Medical and public health innovations in the 1940s quickly resulted in significant health improvements around the world …
Persistent link: https://www.econbiz.de/10012455359
One goal of government health insurance programs is to improve health, yet little is known empirically about how … major health insurance expansion in Costa Rica. In contrast to previous work in this area that has used aggregated … indicate that aggregation can introduce substantial upward biases in the insurance effects. Overall we find a statistically …
Persistent link: https://www.econbiz.de/10012468871
This paper investigates the incentive effects of automobile insurance, compulsory insurance laws, and no … 1970-1998, a period in which many states adopted compulsory insurance regulations and/or no-fault laws. Using an … instrumental variables approach, we find evidence that automobile insurance has moral hazard costs, leading to an increase in …
Persistent link: https://www.econbiz.de/10012469096
Since the passage of the Terrorism Risk Insurance Act of 2002, corporate terrorism insurance is sold as a separate … and terrorism insurance. Using a unique dataset of insurance policies purchased by large U.S. firms, combined with … financial information of the corporate clients and of the insurance provider, we apply a two-stage least squares (2SLS) approach …
Persistent link: https://www.econbiz.de/10012459129
religious organization are able to insure their consumption stream against income shocks and find strong insurance effects for … services are able to insure their stream of happiness against income shocks and find strong happiness insurance effects for … alternative form of insurance for both whites and blacks though the mechanism by which religious organizations provide insurance …
Persistent link: https://www.econbiz.de/10012467102