In a simple lending model with informational asymmetry, we investigate the effect of bank market structure on the amount of collateral provided by firms. We analyze the decision about the amount of wealth to pledge as collateral to secure a loan.
In a simple lending model with informational asymmetry, we investigate the effect of bank market structure on the amount of collateral provided by firms. We analyze the decision about the amount of wealth to pledge as collateral to secure a loan.
Higher fertility slowly increases the ratios of workers to retirees, easing the challenge of financing pensions due to population aging. Simulation studies differ on output impacts; it is unknown if differences are due to models or country characteristics.
Higher fertility slowly increases the ratios of workers to retirees, easing the challenge of financing pensions due to population aging. Simulation studies differ on output impacts; it is unknown if differences are due to models or country characteristics.
This paper makes a small twist to a seemingly simple assumption in the Solow model: instead of agents saving a fraction of their entire income, as in the classic Solow model, they here save a fraction of their capital income.
This paper makes a small twist to a seemingly simple assumption in the Solow model: instead of agents saving a fraction of their entire income, as in the classic Solow model, they here save a fraction of their capital income.
This paper develops a theory and an empirical strategy to estimate the welfare gains from trade in economies with frictional local labor markets. Our welfare formula nests standard market structures and adds an adjustment margin via the employment rate.
This paper develops a theory and an empirical strategy to estimate the welfare gains from trade in economies with frictional local labor markets. Our welfare formula nests standard market structures and adds an adjustment margin via the employment rate.
This paper analyses the impact of robots on workers' wages in the manufacturing sector, with a particular focus on relative wages for workers with different levels of education and in different occupations.
This paper analyses the impact of robots on workers' wages in the manufacturing sector, with a particular focus on relative wages for workers with different levels of education and in different occupations.
This paper develops an endogenous growth model that incorporates information carrier technology, highlighting that knowledge loss during storage and low communication efficiency hinder innovation.
This paper develops an endogenous growth model that incorporates information carrier technology, highlighting that knowledge loss during storage and low communication efficiency hinder innovation.
This paper uses employer–employee panel data to exploit gaps between observed and recently forecasted GDP growth in export destinations to estimate the effects of unexpected demand shocks on worker compensation.
This paper uses employer–employee panel data to exploit gaps between observed and recently forecasted GDP growth in export destinations to estimate the effects of unexpected demand shocks on worker compensation.
A team of @LatvijasBanka economists investigated whether the Job Retention Schemes (JRS) in Latvia during the Covid-19 pandemic helped save jobs. Using firm-level data, they assessed JRS impacts on employment both during and after the height of the pandemic.
A team of @LatvijasBanka economists investigated whether the Job Retention Schemes (JRS) in Latvia during the Covid-19 pandemic helped save jobs. Using firm-level data, they assessed JRS impacts on employment both during and after the height of the pandemic.
Socio-economic differences in longevity have fuelled a debate about pension systems' regressive bias towards groups with a high life expectancy. This paper looks at distributional implications of such pooling, as well as indexing benefits to prices and wages.
Socio-economic differences in longevity have fuelled a debate about pension systems' regressive bias towards groups with a high life expectancy. This paper looks at distributional implications of such pooling, as well as indexing benefits to prices and wages.
New research shows abortion rulings can trigger immediate public backlash. However, within two years, attitudes often shift towards acceptance.
#LawAndSociety #BacklashEffect #AbortionPolicy
New research shows abortion rulings can trigger immediate public backlash. However, within two years, attitudes often shift towards acceptance.
#LawAndSociety #BacklashEffect #AbortionPolicy
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onlinelibrary.wiley.com/doi/epdf/10....
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