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Building Future Generations : The Macroeconomic Consequences of Family Policies
Zhou, Anson - 2022
.S. data and validating it with quasi-experimental evidence, I find that raising aggregate fertility to the replacement level …. The key to this result is that the marginal cost of child quality rises with fertility, and fertility effects of the … rewards, in-kind benefits are less cost-effective in raising fertility but have other advantages: subsidized childcare …
Persistent link: https://www.econbiz.de/10013314205
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Skill premiums and the supply of young workers in Germany
Glitz, Albrecht; Wissmann, Daniel - 2017
In this paper, we study the development and underlying drivers of skill premiums in Germany between 1980 and 2008. We show that the significant increase in the medium to low skill wage premiums since the late 1980s was almost exclusively concentrated among the group of workers aged 30 or below....
Persistent link: https://www.econbiz.de/10011688036
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Skill premiums and the supply of young workers in Germany
Glitz, Albrecht; Wissmann, Daniel - 2017
In this paper, we study the development and underlying drivers of skill premiums in Germany between 1980 and 2008. We show that the significant increase in the medium to low skill wage premiums since the late 1980s was almost exclusively concentrated among the group of workers aged 30 or below....
Persistent link: https://www.econbiz.de/10011709378
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The art of paradigm maintenance : how the New Keynesian "science of monetary policy" tries to deal with the inflation of 2021-2023
Storm, Servaas - In: European journal of economics and economic policies : … 21 (2024) 2, pp. 248-278
Persistent link: https://www.econbiz.de/10015057216
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No flat, no child in Singapore : cointegration analysis of housing, income, and fertility
Saguin, Kidjie - 2021
fertility decline. Various pro-natalist policy measures, including baby bonuses and universal child care, have been undertaken …, housing can play a vital role in shaping fertility decisions, but its effect on fertility has largely remained unexamined. The … its potential to curtail fertility decline. This paper seeks to address this gap by empirically examining this often …
Persistent link: https://www.econbiz.de/10012493891
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Explaining the decline in the US labor share : taxation and automation
Heer, Burkhard; Irmen, Andreas; Süssmuth, Bernd - 2022
This study provides evidence for the US that the secular decline in the labor share is not only explained by technical change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth. First, we empirically find indications of...
Persistent link: https://www.econbiz.de/10013206154
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Taxation, automation capital, and the functional income distribution
Heer, Burkhard; Irmen, Andreas; Süssmuth, Bernd - 2020 - Preliminary version: February 27, 2020
The functional income distribution in the US and most OECD countries has been characterized by an increasing capital income share and a declining wage share over the last decades. We present new evidence for the US economy that this fact is not only explained by technical change and...
Persistent link: https://www.econbiz.de/10012426258
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Macroeconomic determinants of long-term sovereign bond yields in South Africa
Zhou, Sheunesu - In: Cogent economics & finance 9 (2021) 1, pp. 1-19
This paper seeks to analyse the impact of government debt and other macroeconomic variables on the long term bond yield for South Africa. Recent increases in the government budget deficit and its corresponding borrowing has renewed interest in understanding fiscal dynamics within the economy....
Persistent link: https://www.econbiz.de/10013183999
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Government debt and the returns to innovation
Croce, Mariano M.; Nguyen, Thien T.; Raymond, Steve; … - 2018
Elevated levels of government debt raise concerns about their effects on long-term growth prospects. Using the cross section of US stock returns, we show that (i) high-R&D firms are more exposed to government debt and pay higher expected returns than low-R&D firms; and (ii) higher levels of the...
Persistent link: https://www.econbiz.de/10011962223
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Drivers of fiscal sustainability : a time-varying analysis for Portugal
Afonso, António; Coelho, José Carlos - 2023
We assess the drivers of fiscal sustainability in Portugal during the period 1999Q4-2021Q4. We resort to expanding window and Schlicht (2003, 2021)'s time-varying approaches to construct the responses of government revenues to government expenditures and the responses of the primary government...
Persistent link: https://www.econbiz.de/10014391313