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Die weltweite Finanzkrise hat zu einem starken Einbruch der wirtschaftlichen Aktivität geführt. Davon waren in Deutschland vor allem der Export, aber auch die Unternehmensinvestitionen betroffen. Übertreibungen im Immobiliensektor oder eine übermäßige Verschuldung, die anderenorts eine...
Persistent link: https://www.econbiz.de/10011489827
New Zealand's fiscal outlook deteriorated following the Global Financial Crisis, and in late 2008 fiscal projections showed net government debt in New Zealand increasing from 5% of GDP to around 40% within 10 years, mostly reflecting permanently lower expectations for future tax revenue. These...
Persistent link: https://www.econbiz.de/10012115711
We analyze how adding the shadow economy to official output figures affects technical efficiency. We find that this only slightly affects the ranking of efficiency scores, but increases average efficiency. Our results are robust to the functional form of the production technology and the...
Persistent link: https://www.econbiz.de/10010294534
persistent effect on subsequent employment and income. After initial periods with a higher incidence of sick leave, treated … treated workers, who manage to stay in employment, incur persistent income losses. The effects are stronger for sub-groups of …
Persistent link: https://www.econbiz.de/10010294889
I investigate the effect of income on mortality of the pensioners, com- paring three subsequent policy periods in … reduction in income was removed in the third policy period. These two reforms allow a causal identification of the effect of in …
Persistent link: https://www.econbiz.de/10010294890
understanding of both the processes and causal paths that underlie the intricate relationship between health and wealth (income … the traditional and emerging perspectives on the health-income relationship, this literature review presents a non …
Persistent link: https://www.econbiz.de/10010298996
We reexamine the claim that the effect of income on subjective well-being suffers from a systematic downward bias if … one ignores that higher income is typically associated with more work effort. We analyze this claim using German panel … do not find evidence that leaving working hours out of the analysis leads to an underestimation of the income effect. …
Persistent link: https://www.econbiz.de/10010299165
understanding of both the processes and causal paths that underlie the intricate relationship between health and wealth (income … the traditional and emerging perspectives on the health-income relationship, this literature review presents a non …
Persistent link: https://www.econbiz.de/10010300295
This paper assesses the relationship between institutions, output, and productivity, when official output is corrected for the size of the shadow economy. Our results confirm the usual positive impact of institutional quality on official output and total factor productivity, and its negative...
Persistent link: https://www.econbiz.de/10010301417
This paper makes two contributions to the literature on the impact of trade on income. First, we use heterogeneous … trade on income for 81 developed and developing countries, both for the sample as a whole and for each individual country … income. Our main finding s are: (i) A one percent increase in the trade share of GDP yields, on average, a statistically …
Persistent link: https://www.econbiz.de/10010301490