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economics and reality. More precisely, it asks how reality in the form empirical evidence does or does not influence economic … from general to specific. For the general perspective, I examine the following four points of view. First, economics is a … science. Second, economics is an art. Third, economics is a competition. Forth, economics politics. I then examine four …
Persistent link: https://www.econbiz.de/10012462240
This chapter provides a selective review of some contemporary approaches to program evaluation. One motivation for our review is the recent emergence and increasing use of a particular kind of "program" in applied microeconomic research, the so-called Regression Discontinuity (RD) Design of...
Persistent link: https://www.econbiz.de/10012462637
A number of studies - including our own - find a mid-life dip in well-being. We review a psychology literature that claims that the evidence of a U-shape is "overblown" and if there is such a decline it is "trivial". We find remarkably strong and consistent evidence across countries and US...
Persistent link: https://www.econbiz.de/10012482068
This paper examines the influence of Irving Fisher's writings on Milton Friedman's work in monetary economics. We focus … building blocks for later students of monetary economics. Thus, the Chicago School of the 1930s absorbed Fisher's approach, and …
Persistent link: https://www.econbiz.de/10012461390
This essay offers a brief history of macroeconomics, together with an evaluation of what has been learned over the past several decades. It is based on the premise that the field has evolved through the efforts of two types of macroeconomist-- those who understand the field as a type of...
Persistent link: https://www.econbiz.de/10012466316
This paper estimates the nature and magnitude of the local externalities from own industry scale, as envisioned by Marshall. Census panel data on individual plants in high-tech and machinery industries across up to 487 countries are utilized, to quantify the direct effects of local external...
Persistent link: https://www.econbiz.de/10012471426
recent economics research on prominent ideas in moral psychology. First, the theory that morality is ultimately economically … politico-economic outcomes influence each other if they engage with research in economics …
Persistent link: https://www.econbiz.de/10014512133
We develop and estimate a new model of endogenous growth in bank efficiency and firm productivity in which banks adopt technology embedded in capital goods produced by entrepreneurs, and agents choose whether to become workers or capital-good-producing entrepreneurs. In this framework, bank...
Persistent link: https://www.econbiz.de/10015361426
In this article, we show that working from home is much more prevalent in the Nordic countries than in the rest of Europe and we discuss potential causes and labor market consequences of this stylized fact. Likely contributing causes include a good technological infrastructure and comparatively...
Persistent link: https://www.econbiz.de/10015361457
We introduce a new rule-based linking method for historical Census records. We augment earlier algorithms based on name, age and place of birth (Abramitzky, Boustan, Eriksson, 2012, or "basic ABE"), with five matching characteristics - middle initial, county of residence, and spouse and parents'...
Persistent link: https://www.econbiz.de/10015438224