Showing 211 - 218 of 218
We examine whether structural transformation leads to a Kuznets curve. We present a dynamic general equilibrium model with heterogeneous workers, occupational self-selection and selective migration, and calibrate the model to survey data for Malawi. We show that structural transformation raises...
Persistent link: https://www.econbiz.de/10011096945
For many developing countries, international transfers are now a significant source of income. These transfers include official development aid, private charitable donations, and personal remittances. This paper uses dynamic one-sector and multi-sector models to isolate conditions under which...
Persistent link: https://www.econbiz.de/10011096946
This study examines the long-run relationship between the real world price of maize, soybeans and sugar with the real world price of crude oil and a series of macroeconomic variables using a cointegration analysis from January 1982 until December 2012. The main empirical results support a strong...
Persistent link: https://www.econbiz.de/10011096947
We study the effects of front-loading the payment of unemployment benefits in an equilibrium matching framework with precautionary savings. Front-loading the benefit system trades off fewer means to smooth consumption at long unemployment durations for improved insurance upon job loss. In the...
Persistent link: https://www.econbiz.de/10011194223
When students fail an examination at the end of their first year, they are offered a free resit examination, which they merely need to pass to progress into the second year. These resits anecdotally provide a dual purpose of testing that students have achieved the required level of attainment to...
Persistent link: https://www.econbiz.de/10011082494
We analyse consumers’ search and purchase decisions on an Internet platform. Using a rich dataset on all adverts posted and transactions made on a major French Internet platform (PriceMinister), we show evidence of substantial price dispersion among adverts for the same product. We also show...
Persistent link: https://www.econbiz.de/10011082495
Golosov and Lucas (2007) have challenged the view that infrequent price adjustments by firms explains why money has aggregate real output effects. The basis of their challenge is the 'selection effect' - re-setting firms are not selected at random, they are those firms whose prices are furthest...
Persistent link: https://www.econbiz.de/10008641492
Using data on historical returns on international financial assets, the paper simulates pension fund and pension replacement ratios, building up frequency distributions of these ratios for individuals saving in a defined contribution pension plan in different countries. These frequency...
Persistent link: https://www.econbiz.de/10004966377