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In this paper we reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to this change
Persistent link: https://www.econbiz.de/10012777642
We study whether higher gender equality facilitates economic growth by enabling better allocation of a valuable resource: female labor. By allocating female labor to its more productive use, we hypothesize that reducing gender inequality should disproportionately benefit industries with...
Persistent link: https://www.econbiz.de/10012827585
In this paper we reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to this change.
Persistent link: https://www.econbiz.de/10010264066
differences in student performance in cognitive achievement tests. A microeconometric student-level estimation based on data for …
Persistent link: https://www.econbiz.de/10011476923
differences in student performance in cognitive achievement tests. A microeconometric student-level estimation based on data from …
Persistent link: https://www.econbiz.de/10014152205
drawer") bias in the estimates and, after due account is taken of this bias, we find that differences due to estimation … measure how these estimates vary by country, over time, and by estimation method. We find evidence of reporting (or "file …
Persistent link: https://www.econbiz.de/10014159885
Purchasing power adjusted incomes applied in cross-country comparisons are measured with bias. In this paper, we … estimate the purchasing power parity (PPP) bias in Penn World Table incomes and provide corrected incomes. The bias is … bias and the bias in consumer price index (CPI) numbers. The PPP bias and subsequent corrected incomes are measured by …
Persistent link: https://www.econbiz.de/10013135914
Price-adjusted data on national incomes applied in cross-country comparisons are measured with bias. By studying micro … data, this paper finds that the bias is systematic: the poorer a country is, the more its income tends to be overestimated …. Consequently, international income inequalities are underestimated. The bias in the macro price variables (PPPs), is caused by …
Persistent link: https://www.econbiz.de/10014198273
Persistent link: https://www.econbiz.de/10010489939
Engel's law is known to be extraordinarily consistent across time and space. Accordingly, it has been widely used to determine poverty. However, also among the poorest, a certain amount of non food spending is necessary. To substantiate the distinction between necessities and luxuries, already...
Persistent link: https://www.econbiz.de/10009566342