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We analyze the effectiveness of an increase in government consumption for stimulating growth for diverse levels of public debt in the European Union. We conclude, that growth rate can be stimulated in the short run by an increase in government consumption but only at low levels of public debt....
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Governments often pursue procyclical fiscal policies, even though they reduce voter welfare. Is this because voters actually prefer procyclical policies? The analysis in this paper exploits the first individual-level evidence from an original survey of 12,000 respondents in 8 countries across...
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of beneficiaries. Leveraging age and health cutoffs in the reassessment, the paper estimates employment responses to loss … benefits in the post-reform period. The consequences of leaving disability insurance differed sharply by pre-reform employment … without pre-reform employment did. The gains of the reform in activating beneficiaries were small and strongly driven by pre …
Persistent link: https://www.econbiz.de/10014382023
investment and employment, as tourism activities are labor intensive. Little evidence is available, however, to assess the effect … income tax credits had a significant positive effect on job creation. We find that local employment in the tourism industry …
Persistent link: https://www.econbiz.de/10011485096
employment point to a relatively small negative shock, not unlike that of the early 1990s, that was centered on low-skilled labor … findings from the literature on how productivity, innovation, and employment were impacted by the Great Liberalizationa period … of Chinese competition, we focus on the most intense period of the shock -2000 to 2013- and on its procompetitive and …
Persistent link: https://www.econbiz.de/10012267592
. The reduction in employment levels was accompanied by an increase in the population that exited the labor force. The … negative employment impact was three times more severe on production workers than on nonproduction workers, indicating that …
Persistent link: https://www.econbiz.de/10012152988
reduces the employment level, the share of employment in the population, the hourly wage, the interindustry wage premium, and … the share of informal employment. The industry-level results indicate that a rise in import penetration from either China … or the rest of the world (ROW) reduced the employment level, hourly wage, and share of informal employment while …
Persistent link: https://www.econbiz.de/10012154672