Showing 1 - 10 of 172
The paper evaluates the performance of three popular monetary policy rules when the central bank is learning aboutthe parameter values of a simple New Keynesian model. The three policies are: (1) the optimal non-inertial rule; (2)the optimal history-dependent rule; (3) the optimal price-level...
Persistent link: https://www.econbiz.de/10005870371
New data on individual worker’s outputs show that New England ring spinners exhibited substantial on the job learning c. 1905. Despite this, variable capital-labour ratios meant high labour turnover reduced aggregate labour productivity only fractionally. The combination of variable...
Persistent link: https://www.econbiz.de/10005870600
Virtual assignments are characterized by the spatial separation of private and business life.The virtual delegate lives and interacts in one culture, yet he or she works together mainlywith people from another culture. While the virtual assignee is physically located in theheadquarters, from an...
Persistent link: https://www.econbiz.de/10005869234
Richer and healthier agents tend to hold riskier portfolios and spend proportionallyless on health expenditures. Potential explanations include health and wealth eects onpreferences, expected longevity or disposable total wealth. Using HRS data, we perform astructural estimation of a dynamic...
Persistent link: https://www.econbiz.de/10009305104
, improvements in the education structure will add about two million persons to the US labor force and about half a million persons … educational scenarios that we evaluate, increasing the number of persons who achieve more than lower education has the strongest … scenarios. Shifting people from intermediate to higher education levels also increases labor force participation in higher age …
Persistent link: https://www.econbiz.de/10012800472
This paper examines the causal link between education and democracy. Motivated by a model whereby educated individuals …, the empirical analysis uses World Values Surveys to study the link between education and democratic attitudes. Controlling … for a variety of characteristics, the paper finds that higher education levels tend to result in prodemocracy views. These …
Persistent link: https://www.econbiz.de/10010278288
We study the contribution of health-related behaviors to the health-education gradient by distinguishing between short … we consider the entire history of behaviors. We use an empirical approach that addresses the endogeneity of education and … behaviors in the health production function. Focusing on self-reported poor health as our health outcome, we find that education …
Persistent link: https://www.econbiz.de/10010294907
This paper utilizes a Swedish alcohol policy experiment conducted in the late 1960s to identify the impact of prenatal alcohol exposure on educational attainments and labor market outcomes. The experiment started in November 1967 and was prematurely discontinued in July 1968 due to a sharp...
Persistent link: https://www.econbiz.de/10010317912
The purpose of this paper is to estimate constant quality price trends and analysing factors determining market prices for MDCBs (multi-dwelling and commercial buildings) in Sweden. We use high quality data for housing and municipality attributes and our database consists of almost 8500...
Persistent link: https://www.econbiz.de/10010321787
This article introduces original annual average years of schooling measures for each state from 1840 to 2000. The paper also combines original data on real state per-worker output with existing data to provide a more comprehensive series of real state output per worker from 1840 to 2000. These...
Persistent link: https://www.econbiz.de/10010397616