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作者：Bowles, S; Park, Y
作者单位：University of Siena; Connecticut College
摘要：We investigate the manner in which a desire to emulate the rich influences individuals' allocation of time between labour and leisure, greater inequality inducing longer work hours as a result. Data on work hours in ten countries over the period 1963-98 show that greater inequality is indeed associated longer work hours. These 'Veblen effects' are large and the estimates are robust using country fixed effects and other specifications. Because consumption inequality is a public bad, a social we...
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作者：Pezzini, S
作者单位：University of London; London School Economics & Political Science; University of Namur
摘要：This paper explores whether the welfare of women increased following the extension of women's rights between 1960s and 1990s. Using individual level data on life satisfaction and focusing on changes in birth control rights in twelve European countries, it shows that the extension of both abortion rights and the pill is strongly linked to an increase in life satisfaction of women of childbearing age. Birth control rights also increased women's investment in education, probability of working and...
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作者：Card, D
作者单位：University of California System; University of California Berkeley
摘要：This article reviews the recent evidence on US immigration, focusing on two key questions: (1) Does immigration reduce the labour market opportunities of less skilled natives? (2) Have immigrants who arrived after the 1965 Immigration Reform Act been successfully assimilated? Overall, evidence that immigrants have harmed the opportunities of less educated natives is scant. On the question of assimilation, the success of the US-born children of immigrants is a key yardstick. By this metric, pos...
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作者：Dellas, H; Tavlas, G
作者单位：University of Bern
摘要：We compare monetary union to flexible exchange rates in an asymmetric, three-country model with active monetary policy. We find that countries with a high degree of nominal wage rigidity benefit from monetary union, especially when they join other, similarly rigid countries. Countries with relatively more flexible wages tend to be worse off in unions with countries that have more rigid wages. We examine France, Germany and the UK and find that the welfare implications of monetary arrangements ...
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作者：Mitchell, J; Smith, RJ; Weale, MR; Wright, S; Salazar, EL
摘要：A range of monthly series are currently available giving indications of short-term movements in output in the UK. The main aim of this paper is to suggest a formal and coherent procedure for grossing these monthly data up to represent the whole of GDP. Although the resultant estimates of GDP would be worse than those obtained by direct measurement, they should be more satisfactory than simply making an informal inference from whatever monthly data are available. Our examination of the efficacy...
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作者：Goldstein, I
作者单位：University of Pennsylvania
摘要：The economic literature emphasised the role of strategic complementarities in generating banking crises and currency crises. Motivated by evidence from recent financial crises, we study a model, where strategic complementarities exist, not only within a group of creditors or within a group of currency speculators, but also between the two groups. The additional type of complementarities generates a vicious circle between banking crises and currency crises. This magnifies the correlation betwee...
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作者：Holm, HJ; Danielson, A
作者单位：Lund University
摘要：Undergraduates in Tanzania and Sweden participated in one Trust game, one Dictator game, and answered a standard set of survey questions relating to trust. In both countries we detected a strong and significant relation between Dictator donations and proportions returned in Trust games, indicating that unconditional distribution preferences matter in Trust game behaviour. In Sweden incentive compatible evaluations of unrevealed Dictator donations significantly predicted the amount sent in Trus...
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作者：Banks, J; Disney, R; Duncan, A; Van Reenen, J
作者单位：University of London; University College London; University of Nottingham; University of London; London School Economics & Political Science
摘要：With increasing globalisation of knowledge, there are increased opportunities to 'learn' from the experience of policy interventions elsewhere. This paper presents evidence on the extent of international convergence in public policy, with particular focus on labour, welfare, savings and retirement policy. Questions addressed in this framework include: to what extent is policy diffusion or convergence a real and relevant phenomenon? What role have economists played in the transfer of policy acr...
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作者：Moav, O
作者单位：Hebrew University of Jerusalem
摘要：This paper develops a theory of fertility that offers an explanation for the persistence of poverty within and across countries. If educated individuals have a comparative advantage in raising educated children then parental fertility choice is shown to give rise to a poverty trap, in which the poor choose high fertility rates with low investment in child quality. Moreover, the impact of child quality choice on economic performance is amplified by the diluting effect of higher fertility on phy...
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作者：Carlsson, M; Laséen, S
作者单位：Uppsala University
摘要：We study the capital adjustment process in Swedish manufacturing Firms and relate the findings to standard models of capital adjustment. We have three findings. (i) The capital accumulation process is highly volatile and non-persistent. (it) An S, s model fits the data well in some, but not all, dimensions. Also, a model with irreversible capital goes. a long way in matching the data. In fact, we argue that it is much more likely that the data reflect irreversibility than fix adjustment costs....
