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This paper reviews, for a number of OECD economies, macroeconomic developments in household balance sheets over the … past two decades. The main findings show that the rise in household debt to historical levels has been driven by a … for first-time homebuyers. Total household net wealth has risen and provided households with a financial cushion against a …
Persistent link: https://www.econbiz.de/10012445286
The Government Household Transfer data base (GHT) consists of annual statistics on social security and welfare …
Persistent link: https://www.econbiz.de/10012447123
Differences in average wages across firms – which account for around one-half of overall wage inequality – are mainly explained by differences in firm wage premia (the part of wages that depends exclusively on characteristics of firms) rather than workforce composition. Using a new...
Persistent link: https://www.econbiz.de/10012630368
Despite changes in social norms and policies, on average across 25 European countries, there remains a gap of around 15% in hourly earnings between similarly-qualified men and women. This raises inequality and limits growth by preventing women from reaching their full labour market potential....
Persistent link: https://www.econbiz.de/10012630533
The landscapes of housing loan markets vary considerably across OECD countries, reflecting differences in preferences and policy settings. This paper first draws a topography of disparities in mortgage structure, documenting considerable variation across OECD countries in key features such as in...
Persistent link: https://www.econbiz.de/10012801153
Inter-regional migration – the movements of the population from one region to another within the same country – can be an important mechanism of spatial economic adjustment, affecting regional demographic and growth patterns. This paper examines the economic and housing-related factors that...
Persistent link: https://www.econbiz.de/10012801178
This paper provides a descriptive analysis of patterns and trends of worker transitions across European countries and the United States, with an emphasis on differences across socio-economic groups. Understanding labour market transitions is important to gauge the scope of labour market...
Persistent link: https://www.econbiz.de/10012801196
New variants of the virus are spreading which, together with seasonal effects, are estimated to be able to raise effective reproduction numbers by up to 90%. Meanwhile, many countries are rolling out vaccination programmes, but at varying speeds. Hence the race is on to beat the variants with...
Persistent link: https://www.econbiz.de/10012630293
The longer run consequences of the pandemic will partly hinge on its impact on high productivity firms, and the ongoing process of labour reallocation from low to high productivity firms. While Schumpeter (1939) proposed that recessions can accelerate this process, the nature of the COVID-19...
Persistent link: https://www.econbiz.de/10012630503
This paper provides a new measure of human capital using PISA and PIAAC surveys, and mean years of schooling. The new measure is a cohort-weighted average of past PISA scores (representing the quality of education) of the working age population and the corresponding mean years of schooling...
Persistent link: https://www.econbiz.de/10013202470