The aim of this paper is to evaluate the welfare gains from financial integration for developing and emerging market economies. To do so, we build a stochastic endogenous growth model for a small open economy that can (i) borrow from the rest of the world, (ii) invest in foreign assets, and...

This paper examines the influence of local labor markets on individuals' social mobility during their working life. In France, over a period of six years, individuals working in dense areas and areas with abundant human capital are more likely to be promoted to a higher socioprofessional status...