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Some commentators have argued that the housing crisis may harm labor markets because homeown- ers who owe more than their homes are worth are less likely to move to places that have productive job opportunities. I show that, in the available data, negative equity does not make homeowners less...
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This paper uses new data on fiscal transparency for a cross-section of countries; these data possess several advantages … fiscal transparency. It is shown that there is in fact a causal relationship between institutions and transparency. The … findings are robust to changes in specification and a host of transparency sub-measures. …
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