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The economics literature identifies three effects of schooling on national income; the direct effect on the earnings of the workers who receive the schooling and the external effects on workers' earnings and on physical capital due to schooling's spillover effect on the productivity of these...
Persistent link: https://www.econbiz.de/10013067883
Aggregate shocks that move output and inflation in opposite directions create a tradeoff between output and inflation variability, forcing central bankers to make a choice. Differences in the degree of accommodation of shocks lead to disparate variability outcomes, revealing national central...
Persistent link: https://www.econbiz.de/10012471355
We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the US, the UK, Japan, and Switzerland to test several hypotheses that may explain why the aggregate Okun's coeffcients are different across countries. Specifically, we show that...
Persistent link: https://www.econbiz.de/10012841145
Penn World Tables (PWT) and of the World Development Indicators (WDI) better estimate true income per capita. We find that … constant-price series in both PWT 8.0 and PWT 8.1, the two most recent vintages of the PWT. We additionally find that the World … Development Indicators are as good, and often better, measures of unobserved true income as any recent vintages of the Penn World …
Persistent link: https://www.econbiz.de/10012969092
Penn World Tables and of the World Development Indicators better estimate true income per capita. We find that revisions of …-price series in both PWT 8.0 and PWT 8.1, the two most recent vintages of the PWT. We additionally find that the World Development … Indicators are as good, and often better, measures of unobserved true income as are any recent vintages of the Penn World Tables …
Persistent link: https://www.econbiz.de/10012992665
Nutrition is a key input in the health production function, and a better understanding of how we eat can aid in guiding effective policy change towards better population health. This study documents prevalence rates, trends in, and potential correlates of nutrient intake for panels of countries,...
Persistent link: https://www.econbiz.de/10012993851
, evaluations tend to be dominated by "social comparison" - what is happening to the incomes of others. An increase in the incomes …
Persistent link: https://www.econbiz.de/10012604148