This study explores the effects of globalization on gender inequality. Specifically, we depict that, in terms of … capital market integration, globalization alters the gender gap in wage rates through changes in labor demand for capital …-intensive sectors. Consequently, globalization leads to opposite effects on the couple's labor supply and fertility decisions in capital …

Conventional wisdom suggests that financial liberalization can help countries insure against idiosyncratic risk. There … is little evidence, however, that countries have increased risk sharing despite recent widespread financial …, financial contracts are incomplete and enforceability of debt repayment is limited. Default risk of debt contracts constrains …

idiosyncratic entrepreneurial risk - a risk that introduces, not only a precautionary motive for saving, but also a wedge between …

idiosyncratic entrepreneurial risk-- a risk that introduces, not only a precautionary motive for saving, but also a wedge between …

idiosyncratic entrepreneurial risk-- a risk that introduces, not only a precautionary motive for saving, but also a wedge between …

liberalize markets and integrate with the world economy. We estimate the marginal propensity to sterilize foreign asset …

face uninsurable idiosyncratic risk in their investment, or entrepreneurial, opportunities. Under financial autarchy, the … South (the country with the least developed risk-sharing possibilities) features a higher precautionary motive for saving … and a lower risk-free rate, but also a lower capital stock and lower output. Upon financial integration,capital flies out …