Mostrando recursos 1 - 9 de 9

  1. Reaping the Benefits of Migration in an Ageing Europe. Policy Brief No. 7

    Crespo Cuaresma, Jesus; Huber, Peter; Raggl, Anna
    Unless labour force participation in Europe increases enormously in the coming decades, the current demographic dynamics will pose gigantic challenges to the sustainability of public finance. Migration (and thus migration policy) can thus be seen as a central topic which will remain on top of the policy agenda. The aim of this policy brief is to summarize the knowledge gained by the research efforts on this issue in the framework of WWWforEurope and to provide policymakers with new methods and research results which will allow them to better quantify the effects of policy changes. (authors' abstract)

  2. An Integrated Approach to Climate Change, Income Distribution, Employment, and Economic Growth*

    Taylor, Lance; Rezai, Armon; Foley, Duncan K.
    A demand-driven growth model involving capital accumulation and the dynamics of greenhouse gas (GHG) concentration is set up to examine macroeconomic issues raised by global warming, e.g. effects on output and employment of rising levels of GHG; offsets by mitigation; relationships among energy use and labor productivity, income distribution, and growth; the economic significance of the Jevons and other paradoxes; sustainable consumption and possible reductions in employment; and sources of instability and cyclicality implicit in the twodimensional dynamical system. The emphasis is on the combination of biophysical limits and Post- Keynesian growth theory and the qualitative patterns of system adjustment and the dynamics that emerge.

  3. Does parental leave influence the gender division of labour? Recent empirical findings from Europe.

    Dearing, Helene
    There has been increasingly interest in parental leave policies as instruments for the implementation of gender equality in society. This review essay explores the link between parental leave policies and the gender division of labour - referring to both paid employment and unpaid family work. Against this backdrop the essay systematically reviews evidence from quantitative empirical research on the effects of parental leave policies on mothers' employment and fathers' involvement in family work. The article suggests that there are several aspects of parental leave that seem to be especially relevant for the gender division of labour, such as the duration...

  4. Does parental leave influence the gender division of labour? Recent empirical findings from Europe.

    Dearing, Helene
    There has been increasingly interest in parental leave policies as instruments for the implementation of gender equality in society. This review essay explores the link between parental leave policies and the gender division of labour - referring to both paid employment and unpaid family work. Against this backdrop the essay systematically reviews evidence from quantitative empirical research on the effects of parental leave policies on mothers' employment and fathers' involvement in family work. The article suggests that there are several aspects of parental leave that seem to be especially relevant for the gender division of labour, such as the duration...

  5. Testing the Global Banking Glut Hypothesis

    Punzi, Maria Teresa; Kauko, Karlo
    This paper presents VAR results on the recent economic history of the U.S and focuses on the dependence of U.S. macrofinancial variables on international capital flows. Both gross and net flows are included in the analysis. The results indicate that cross-border funding has affected the build-up in the U.S. housing market irrespective of how these flows are defined and measured. Both the savings glut hypothesis and the banking glut hypothesis are supported by these findings. However, net banking flows appear to explain the higher volatility in the increase in house prices as well as the mortgage loan boom. (authors' abstract)

  6. Testing the Global Banking Glut Hypothesis

    Punzi, Maria Teresa; Kauko, Karlo
    This paper presents VAR results on the recent economic history of the U.S and focuses on the dependence of U.S. macrofinancial variables on international capital flows. Both gross and net flows are included in the analysis. The results indicate that cross-border funding has affected the build-up in the U.S. housing market irrespective of how these flows are defined and measured. Both the savings glut hypothesis and the banking glut hypothesis are supported by these findings. However, net banking flows appear to explain the higher volatility in the increase in house prices as well as the mortgage loan boom. (authors' abstract)

  7. A Comprehensive Approach to Posterior Jointness Analysis in Bayesian Model Averaging Applications

    Crespo Cuaresma, Jesus; Grün, Bettina; Hofmarcher, Paul; Humer, Stefan; Moser, Mathias
    Posterior analysis in Bayesian model averaging (BMA) applications often includes the assessment of measures of jointness (joint inclusion) across covariates. We link the discussion of jointness measures in the econometric literature to the literature on association rules in data mining exercises. We analyze a group of alternative jointness measures that include those proposed in the BMA literature and several others put forward in the field of data mining. The way these measures address the joint exclusion of covariates appears particularly important in terms of the conclusions that can be drawn from them. Using a dataset of economic growth determinants, we assess...

  8. Measurement of Fiscal Rules: Introducing the Application of Partially Ordered Set (POSET) Theory

    Badinger, Harald; Reuter, Wolf Heinrich
    Data on (economic) institutions are often available only as observations on ordinal, inherently incomparable properties, which are then typically aggregated to a composite index in the empirical social science literature. From a methodological perspective, the present paper advocates the application of partially ordered set (POSET) theory as an alternative approach. Its main virtue is that it takes the ordinal nature of the data seriously and dispenses with the unavoidably subjective assignment of weights to incomparable properties, maintains a high standard of objectivity, and can be applied in various fields of economics. As an application, the POSET approach is then used to calculate new indices on the stringency of...

  9. Energy Inflation and House Price Corrections

    Breitenfellner, Andreas; Crespo Cuaresma, Jesus; Mayer, Philipp
    We analyze empirically the role played by energy inflation as a determinant of downward corrections in house prices. Using a dataset for 18 OECD economies spanning the last four decades, we identify periods of downward house price adjustment and estimate conditional logit models to measure the effect of energy inflation on the probability of these house price corrections after controlling for other relevant macroeconomic variables. Our results give strong evidence that increases in energy price inflation raise the probability of such corrective periods taking place. This phenomenon could be explained by various channels: through the adverse effects of energy prices on economic activity and income reducing the...

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