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2020-01-17

• 38. Selected Readings on World Development in journal AEID: America, 2001-2020
  by MCG Blogs de Economía in Euro-American Association: World Development, 2020-01-17 20:24:00 UTC

  We include lists and links to some selected articles published in the period 2001-2020. Table 1 includes articles of the period 2001-2005 and table 2 corresponds to the period 2006-2020. Table 2. Articles on economic development of America, 2006-2020 Autores Título Banerjee, S., Chatterjee, B. 2020 Cities Versus Suburbs: The Post 2000 Dynamics Of Population And Employment In U.S. Metro Areas,   Banerjee, S., Chatterjee, B.  New* Husein, J., Pier, C. (2019) Long-Run Sustainability of Current Account Balance: Evidence from Twenty North and Latin American Economies,  Huse [...]

2020-01-16

• 37. Selected Readings on World Development in journal AEID 2001-2020: Europe and Eurasia
  by MCG Blogs de Economía in Euro-American Association: World Development, 2020-01-16 19:11:00 UTC

  Here we include the lists and links (to the abstract and full text of the article) to some selected articles related with economic development of Europe and Eurasia, publised in AIED. Table 1 includes some articles of the period 2006-2020 and table 2 some articles of the period 2001-2005. Table 2: Some selected articles on Europe and Eurasia, published for the period 2001-2005 Authors Title Ogloblin, C. The Gender Earnings Differential in Russia After a Decade of Economic Transition. Abstract     Cosar, N., Bildirici, M. (2005) Some Comparisons Between Turkey and OECD C [...]

• Great economics, bad politics
  by chris in Stumbling and Mumbling, 2020-01-16 13:47:59 UTC

  Non-economists (and quite a few trained economists too) often claim that mainstream economics is a simple-minded defence of free markets and inequality. Abhijit Banerjee and Esther Duflo’s Good Economics for Hard Times is a superb refutation of this. They argue that: It is unreasonable to expect markets to always deliver outcomes that are just, acceptable or even efficient. A big reason for this is that the economy is “sticky” and that “resources do not always flow to their best use. Workers who are laid off because of international trade or technical change do not quickly move to decent job [...]

• Thesis Thursday: Koh Jun Ong
  by Chris Sampson in The Academic Health Economists' Blog, 2020-01-16 07:00:00 UTC

  On the third Thursday of every month, we speak to a recent graduate about their thesis and their studies. This month’s guest is Dr Koh Jun Ong who has a PhD from the University of Groningen . If you would like to suggest a candidate for an upcoming Thesis Thursday, get in touch. Title Economic aspects of public health programmes for infectious disease control: studies on human immunodeficiency virus & human papillomavirus Supervisors Maarten Postma , Mark Jit Repository link http://hdl.handle.net/11370/0edbcfae-2a0c-4103-9722-fb8086d75cff Which public health programmes did you consider [...]

2020-01-15

• Minimum wages and employment
  by Eric Crampton in Offsetting Behaviour, 2020-01-15 02:32:00 UTC

  Stuff's Susan Edmunds asked me for comment on the employment effects of the latest round of minimum wage hikes. She chose the right quotes out of this more verbose missive I'd sent through, copied below.  “Minimum wage hikes always bring argument about the effects of those increases on jobs. MBIE regularly provides estimates of the number of job losses likely to be caused by different levels of increase; this time, MBIE expected that the increase to $18.90 would reduce employment by about 6,500 jobs, with some 242,400 workers overall being affected by the minimum wage increase. The employment [...]

2020-01-14

• No Vacancy? Why Housing Prices in New York City are So High
  by Jason Barr in Skynomics Blog, 2020-01-14 13:41:46 UTC

  Jason M. Barr            January 14, 2020 Note: This post is one of several about New York City. More posts can be read here . Costanza versus the Andria Doria In Season 8, Episode 10 of Seinfeld (“ The Andrea Doria ),” George Costanza, the neurotic buddy of Jerry Seinfeld, has found a fantastic Manhattan two-bedroom apartment with a huge bathroom and walk-in closet. The only rub—there’s competition for the unit. An older man who lives upstairs also wants it. He was a survivor on the ocean liner, The Andria Doria, which, in 1956, was struck by another vessel and sank off the coast of Nantucket [...]

2020-01-13

• The Unintended Consequences of Meritocratic Government Hiring
  by Christian Zimmermann in NEP-DGE blog, 2020-01-13 20:42:41 UTC

  By Athanasios Geromichalos and Ioannis Kospentaris http://d.repec.org/n?u=RePEc:cda:wpaper:335&r=dge In an attempt to mitigate the negative effects of clientelism, many governments around the world have adopted meritocratic hiring of public employees. This paper challenges the effectiveness of this common practice by showing that meritocratic government hiring can have unintended negative consequences on macroeconomic aggregates. In many countries, public employees enjoy considerable job security and generous compensation schemes; as a result, many talented workers choose to work for the publi [...]

2020-01-12

• The Urban Economics of Pre-K for All
  by Matthew E. Kahn in Environmental and Urban Economics, 2020-01-12 15:03:00 UTC

  This 2019 report describes which U.S cities now offer pre-K and the quality and attributes of their respective programs.� �The local public finance of these early human capital investment programs has not been sufficiently studied.� Both States and cities share the financing responsibilities.� Back in 2013,� Alan Krueger wrote (see page 188) �that the most interesting issue regarding Pre-K is the political economy of "who pays for it". In 2015, I wrote a NBER paper on the Political Economy of Pre-K.� The typical beneficiary of this program lives in the center city and is poor.� The typical tax [...]

2020-01-08

• Flexibility or certainty? The aggregate effects of casual jobs on labour markets
  by Christian Zimmermann in NEP-DGE blog, 2020-01-08 17:40:20 UTC

  By Rachel Scarfe http://d.repec.org/n?u=RePEc:edn:esedps:294&r=dge There is much debate about the extent to which governments should regulate labour markets. One discussion concerns casual jobs, where firms do not need to guarantee workers certain, fixed, hours of work and instead “call-up” workers as and when needed. These jobs, sometimes known as “zero-hours”, “contingent” or “on-demand, provide flexibility for firms to change the size of their workforce cheaply and quickly and for workers to choose whether to supply labour in every period. This flexibility comes at the expense of certainty [...]

• Education versus anti-vaxxers: evidence from Europe
  by Fa'izah Aishah Muhammad, Harold M Hastings in The Academic Health Economists' Blog, 2020-01-08 07:00:00 UTC

  Vaccine skepticism and hesitancy – the distrust and skepticism that some members of the public feel for vaccines, as well as for institutions that deliver and encourage vaccination – has emerged as a major threat to world health. Vaccine skepticism is not limited to any particular place; it has been observed across a range of countries, cultures, and levels of prosperity. Vaccine skeptics have made themselves known in Hollywood , led protests in Washington D.C. , and lashed out violently against vaccination in Pakistan and Northern Nigeria . Vaccine skepticism has truly gone global. Vaccin [...]

2020-01-06

• Chris Sampson’s journal round-up for 6th January 2020
  by Chris Sampson in The Academic Health Economists' Blog, 2020-01-06 12:00:00 UTC

  Every Monday our authors provide a round-up of some of the most recently published peer reviewed articles from the field. We don’t cover everything, or even what’s most important – just a few papers that have interested the author. Visit our Resources page for links to more journals or follow the HealthEconBot . If you’d like to write one of our weekly journal round-ups, get in touch . Child sleep and mother labour market outcomes . Journal of Health Economics [ PubMed ] [ RePEc ] Published January 2020 It’s pretty clear that sleep is important to almost all aspects of our lives and our [...]

2020-01-02

• Looking for a Faculty Position? Agricultural Economics vs Economics
  by Jayson Lusk in Jason Lusk, 2020-01-02 22:17:10 UTC

  ‘Tis the season for economics job hunters.  The annual ASSA meetings kick off tomorrow, brining together, for a few days, what is probably the largest collection of economists in the world (scary, I know!).  The meeting also marks the start of the job market for academic economists.  For a variety reasons, agricultural economics departments have increasingly moved hiring to coordinate with the ASSA meetings, and agricultural economics departments appear to be more apt these days to hire new faculty from general economics programs. There is ample advice for prospective job market candidates onl [...]

2020-01-01

• Wages vs social value
  by chris in Stumbling and Mumbling, 2020-01-01 15:24:31 UTC

  Today is the 23 rd anniversary of the death of Townes Van Zandt, who is now universally regarded as one of the greatest songwriters ever . And yet during his lifetime he made very little money. Even in his best years he got less than $100,000 from song-writing royalties, and for much of his life he might well have earned more from the oil drilling rights bequeathed by his rich family than from his music. Which vindicates a recent tweet from Cameron Murray: Actions that have social value only rarely coincide with actions that are monetarily compensated. In Van Zandt’s case, this was partly be [...]

2019-12-30

• Rita Faria’s journal round-up for 30th December 2019
  by Rita Faria in The Academic Health Economists' Blog, 2019-12-30 12:00:00 UTC

  Every Monday our authors provide a round-up of some of the most recently published peer reviewed articles from the field. We don’t cover everything, or even what’s most important – just a few papers that have interested the author. Visit our Resources page for links to more journals or follow the HealthEconBot . If you’d like to write one of our weekly journal round-ups, get in touch . Value in hepatitis C virus treatment: a patient-centered cost-effectiveness analysis . PharmacoEconomics [ PubMed ] Published 2nd December 2019 There have been many economic evaluations of treatments for [...]

2019-12-27

• China’s incomplete financial reform
  by Meijun Qian in East Asia Forum, 2019-12-27 23:00:05 UTC

  Author: Meijun Qian, ANU China has experienced phenomenal economic growth since 1978 when it opened up to the outside world. Fundamental changes have occurred in China’s economy, institutions and markets. Financial reforms have also been profound and have a unique relationship with China’s economic growth. The conventional finance–growth nexus suggests that a well-functioning financial system is necessary to finance investments and support economic growth. This pattern is seen in the United States, United Kingdom, Germany and Japan. The United States and the United Kingdom showcase a market- [...]

2019-12-25

• Annual Review 2019
  by noreply@blogger.com (David Stern) in Stochastic Trend, 2019-12-25 00:24:00 UTC

  I've been doing these annual reviews since 2011. They're mainly an exercise for me to see what I accomplished and what I didn't in the previous year. This year continued to feel lke a struggle at times, so it's a good idea to remind myself of what I did manage to accomplish. It felt like I was just trying to finish things this year and not succeeding but we actually started new things too. The big personal news of the year is that our second child Isaac Daniel was born: As a result I didn't travel much. I gave seminars at Monash and Macquarie Universities and went to the Future of Electricity [...]

2019-12-23

• One EMU Fiscal Policy for the EURO
  by Christian Zimmermann in NEP-DGE blog, 2019-12-23 18:47:15 UTC

  By Alexandre Lucas Cole, Chiara Guerello and Guido Traficante http://d.repec.org/n?u=RePEc:pra:mprapa:97380&r=dge We build a two-country New-Keynesian DSGE model of a Currency Union to study the effects of fiscal policy coordination, by evaluating the stabilization properties and welfare implications of different fiscal policy scenarios. Our main findings are that a government spending rule which targets the net exports gap rather than the domestic output gap produces more stable dynamics and that consolidating government budget constraints across countries with symmetric tax rate movements pr [...]

2019-12-20

• Revisiting the P-star model
  by Lars Christensen in The Market Monetarist, 2019-12-20 17:27:57 UTC

  I read Milton Friedman’s book “Free to Choose” at an age of 16 years old and ever since then I have been more or less obsessed with monetary theory and particularly the equation of exchange: M•V=P•V My view of the world obviously has developed over the 32 years since I read “Free to Choose”, but I am still fully convinced that monetary policy failure historically has been the main cause of macroeconomic problems – whether it is inflation or recessions and depressions. In fact I am more so than ever. When I started studying economics at the University of Copenhagen in the early 1990s my obsessi [...]

• Waiting for the Prince Charming: Fixed-Term Contracts as Stopgaps
  by Christian Zimmermann in NEP-DGE blog, 2019-12-20 16:09:00 UTC

  By Normann Rion http://d.repec.org/n?u=RePEc:hal:wpaper:halshs-02331887&r=dge In this paper, I build a simple Mortensen-Pissarides model embedding a dual labor market. I derive conditions for the existence of an equilibrium with coexisting strongly protected open-ended contracts and exogeneously short fixed-term contracts. I also study dynamics after a reform on employment protection legislation. Temporary contracts play the role of fillers while permanent contracts are used to lock up high-productivity matches. High firing costs favor the emergence of a dual equilibrium. Employment protection [...]

2019-12-19

• Mining the Wind? The Economics of Wind Turbines on Skyscrapers
  by Jason Barr in Skynomics Blog, 2019-12-19 13:24:01 UTC

  Jason M. Barr             December 19, 2019 Swaying in the Wind In the early-1990s, my wife worked for WH Freeman and Co., a publisher of scientific and academic textbooks. Her office was on the 35 th floor at 41 Madison Avenue in Manhattan. The building, opened in 1974, is a 41-story modernist glass box designed by Emory Roth & Sons. On extremely windy days, she and her co-workers could feel the building sway—so much so that junior employees would claim motion sickness and request permission to go home. Doors and drawers would sometimes close on their own. Regarding the elevators, my wife rec [...]

• Thesis Thursday: Caroline Chuard
  by Chris Sampson in The Academic Health Economists' Blog, 2019-12-19 07:00:00 UTC

  On the third Thursday of every month, we speak to a recent graduate about their thesis and their studies. This month’s guest is Dr Caroline Chuard who has a PhD from the University of Zurich . If you would like to suggest a candidate for an upcoming Thesis Thursday, get in touch. Title Three essays on the health effects of family policies Supervisors Hannes Schwandt , Josef Zweimüller Repository link https://www.zora.uzh.ch/id/eprint/172853/ Is there a strong health economics evidence base on family policies? The literature on parental leave and family health is relatively young. Thi [...]

2019-12-18

• Tax, cost of capital, and investment
  by Gulnara Nolan in TVHE, 2019-12-18 19:00:40 UTC

  Last time I discussed the relationship between the cost of capital and investment. Given that motivation, the goal of this post is to understand whether investment is responsive to changes in the UCC due to changes in tax settings. This does two things: Provides evidence regarding whether the capital stock will ultimately be influenced by corporate tax policy changes. Helps us understand how changes in the cost of capital can “shift” investment through time, thereby helping economic stabilisation. Note : The cost of capital varies with both taxes and interest rates, so this relates a [...]

• Are Estimates of Early Education Programs Too Pessimistic? Evidence from a Large-Scale Field Experiment that Causally Measures Neighbor Effects
  by maximorossi in NEP-LTV blog, 2019-12-18 13:44:34 UTC

  By: List, John ;  Momeni, Fatemeh ;  Zenou, Yves Abstract: We estimate the direct and spillover effects of a large-scale early childhood intervention on the educational attainment of over 2,000 disadvantaged children in the United States. We show that failing to account for spillover effects results in a severe underestimation of the impact. The intervention induced positive direct effects on test scores of children assigned to the treatment groups. We document large spillover effects on both treatment and control children who live near treated children. On average, spillover effects inc [...]

• What might explain today’s conflicting narratives on global inequality?
  by maximorossi in NEP-LTV blog, 2019-12-18 13:43:44 UTC

  By: Ravallion Martin Abstract: How unequal is the world today? Is global income inequality falling, as many economists claim, or is it rising, as one often hears?This paper reviews the arguments and evidence. A number of concerns about the underlying data are identified, with biases going in both directions. Conceptual issues further cloud the picture. The claim that global inequality has been falling since 1990 can be defended for a subset of the admissible parameter values, but only a subset.Global inequality is found to be rising if one or more of the following conditions holds: (i) o [...]

• Comparing global inequality of income and wealth
  by maximorossi in NEP-LTV blog, 2019-12-18 13:42:32 UTC

  By: Shorrocks Anthony ;  Davies James Abstract: This paper is the first to compare global trends in income and wealth inequality this century. It is based on large income and wealth microdata samples designed to be representative of all countries in the world.Measured by the Gini coefficient, inequality between countries accounts for about two-thirds of global income inequality, but noticeably less— around one half—of wealth inequality. Broadly similar results are found for different years and different inequality indices, bar the share of the top 1 per cent. Over time, changes in co [...]

• Crisis at Home: Mancession-induced Change in Intrahousehold Distribution
  by maximorossi in NEP-LTV blog, 2019-12-18 13:22:46 UTC

  By: Olivier Bargain  (GREQAM – Groupement de Recherche en Économie Quantitative d’Aix-Marseille – ECM – Ecole Centrale de Marseille – CNRS – Centre National de la Recherche Scientifique – AMU – Aix Marseille Université – EHESS – École des hautes études en sciences sociales);  Laurine Martinoty  (CES – Centre d’économie de la Sorbonne – UP1 – Université Panthéon-Sorbonne – CNRS – Centre National de la Recherche Scientifique) Abstract: The Great Recessions was essentially a ‘mancession’ in countries like Spain, the UK or the US, i.e. it hit men harder than women for they were disproportion [...]

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