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Household Debt, Assets, and Income in Canada: A Microdata Study

Meh, Césaire A.; Terajima, Yaz; Chen, David Xiao; … - Bank of Canada - 2009

The authors use microdata from the 1999 and 2005 Surveys of Financial Security to identify changes in household debt, and discuss their potential implications for monetary policy and financial stability. They document an increase in the debt-income ratio, which rose from 0.75 to 0.95, on...

Persistent link: https://www.econbiz.de/10005004435

The Debate on Growing Inequality – Implications for Developing Countries and International Co-operation

Zattler, Jürgen K. - Courant Research Centre PEG - 2015

A body of recent research is pointing to a growing inequality in many countries. The current debate focuses on high income countries. However, developing countries are an important element in understanding the full picture. First, evidence indicates that growing inequality can also be observed...

Persistent link: https://www.econbiz.de/10011199809

Future Productivity Growth in Canada and Implications for the Canada Pension Plan

Sharpe, Andrew - Center for the Study of Living Standards (CSLS) - 2006

This is organized into three main parts. The first section provides a perspective on future productivity growth in … Canada. It discusses key productivity concepts, looks at current productivity trends, examines the forces affecting future … productivity growth, and reviews productivity projections in Canada and the United States. The second section discusses the …

Persistent link: https://www.econbiz.de/10005518931

Shocks, Stocks and Socks: Consumption Smoothing and the Replacement of Durables During an Unemployment Spell.

Browning, M.; Crossley, T. - Research School of Pacific and Asian Studies, College … - 1999

We present theoretical and empirical results on consumption during an enmployment spell.

Persistent link: https://www.econbiz.de/10005478377

Human Well-being and Economic Well-being: What Values Are Implicit in Current Indices?

Osberg, Lars; Sharpe, Andrew - Center for the Study of Living Standards (CSLS) - 2003

This paper develops an Index of Economic Well-being (IEWB) for the United States, the United Kingdom, Canada, Australia, Germany, Norway and Sweden for the period 1980 to 2001 which recognizes four components: Current effective per capita consumption flows; Net societal accumulation of stocks of...

Persistent link: https://www.econbiz.de/10005481840

Searching for Non-monotonic Effects of Fiscal Policy: New Evidence

Giavazzi, Francesco; Jappelli, Tullio; Pagano, Marco; … - In: Monetary and Economic Studies 23 (2005) S1, pp. 197-217

Data revisions and the availability of a longer sample offer the opportunity to reconsider empirical findings that suggest that in the OECD countries national saving responds non-monotonically to fiscal policy. The paper confirms that the circumstance most likely to give rise to a non-monotonic...

Persistent link: https://www.econbiz.de/10004975812

Der Koalitionsvertrag nimmt die Gesellschaft in die Pflicht

Bach, S.; Buslei, H.; Deuverden, K. van; Duso, T.; … - In: DIW Wochenbericht 80 (2013) 50, pp. 31-42

The coalition agreement of November 2013 includes a number of specific and ambitious goals relating to economic and social development. For instance, investment in infrastructure is to be increased and the income situation of certain groups of pensioners and employees improved through higher...

Persistent link: https://www.econbiz.de/10011128537

Tax Reforms in Search-and-Matching Models with Heterogeneous Agents

Jiang, Wei - School of Economics, University of Kent - 2014

Using a Mortensen-Pissarides search-and-matching framework, this paper investigates the importance of search frictions in determining the welfare and distributional effects of tax reforms that re-allocate the tax burden from capital to labour income. Calibrating the model to the UK economy, we...

Persistent link: https://www.econbiz.de/10011099430

Industrial Development, Polarisation, and Fiscal Policy in an Underemployment Economy

Nakajima, Tetsuya - Volkswirtschaftliche Fakultät, … - 2013

Industrial development is often accompanied by massive migration from agricultural to industrial areas. This paper compares two steady states, the first and the second, which emerge before and after the termination of such migration, respectively. The paper shows that 1) the employment rate must...

Persistent link: https://www.econbiz.de/10011107781

Uninsurable Entrepreneurial Risk, Capital Market Imperfections, and Heterogeneity in the Macroeconomy

Luo, Yulei; Zou, Heng-fu - Volkswirtschaftliche Fakultät, … - 2008

Empirical evidence shows that entrepreneurs hold a large fraction of wealth, have higher saving rates than workers, and face substantial uninsurable entrepreneurial and investment risks. This paper constructs a heterogeneous-agent general equilibrium model with uninsurable entrepreneurial risk...

Persistent link: https://www.econbiz.de/10011108338