Results 201 to 210 of about 995,906 (338)
Economic Inquiry, EarlyView.Abstract We build an endogenous growth model that distinguishes productive and welfare government expenditures and embeds fiscal externalities. The model yields three testable hypotheses: (i) productive expenditure raises growth (Barro effect); (ii) productive expenditure generates cross‐country productivity spillovers; (iii) government expenditure ...
Xiaodong Chen, Haoming Mi, Peng Zhou
wiley +1 more source
Does raising the retirement age increase employment of older workers? [PDF]
Two pension reforms in Austria increased the early retirement age from 60 to 62 for men and from 55 to 58.25 for women. The reforms reduced early retirement by 18.9 percentage points among affected men aged 60-62 and by 22.3 percentage points among ...
Josef Zweimüller, Stefan Staubli
core
Brain Drain and Productivity Growth: Evidence From South Africa, 1947–2019
Economics of Transition and Institutional Change, EarlyView.ABSTRACT This paper provides empirical evidence of how high‐level human capital outflow could affect TFP‐based economic development and vice versa. The concern of potential endogeneity between brain drain and economic development is addressed directly.
Johannes Fedderke, Xiaodi Dong
wiley +1 more source
The new poor law and the health of the population of England and Wales
The Economic History Review, EarlyView.Abstract We estimate the impact of reductions in poor law expenditure on rural life expectancy and mortality rates in England and Wales following the 1834 Poor Law Amendment Act. Given the scale of cuts imposed, our estimates imply 8–10 per cent increases in mortality at ages 1–4 years and 2–4 per cent falls in rural expectation of life at birth.
David Green +3 more
wiley +1 more source
The Economic History Review, EarlyView.Abstract After the Second World War, family allowances became a cornerstone of social spending in western Europe. Whilst religion is often highlighted as a driver of this policy, the role of political Catholicism remains contested, particularly in southern Europe.
Guillem Verd‐Llabrés
wiley +1 more source
The Impact of Climate Risks on Corporate Debt Financing
European Financial Management, EarlyView.ABSTRACT As global resource demands and climate pressures grow, companies face the dual challenge of sustainability and environmental responsibility. Using panel data from U.S. publicly listed firms (2014–2022) and a text‐based proxy for climate risks, this study explores the impact of just transition climate risks on corporate debt financing.
Xiaowei Ma +3 more
wiley +1 more source
Do Banks Learn From Natural Disasters? Evidence From the U.S. Financial Sector
European Financial Management, EarlyView.ABSTRACT This paper examines whether U.S. banks learn from natural disasters. We explore several potential channels of adjustment and find that exposed banks primarily respond by adopting precautionary capital measures. This behaviour is evident both in the long run, when assessing divergent trends in the evolution of equity over time, and in the short
Dennis Dreusch +2 more
wiley +1 more source
A Macroeconomic Approach to Optimal Unemployment Insurance: Theory
, 2018 Camille Landais +2 more
semanticscholar +1 more source
Government Financial Reporting: A Study of Nested Controversy
Financial Accountability &Management, EarlyView.ABSTRACT There are two schools of thought on government financial reporting: one emanating from societal values and accountability to citizens; and one based on investment decisions and a business approach. There are staunch proponents of these different perspectives, which are rooted in economic thought and values.
Sheila Ellwood, Rhoda Brown
wiley +1 more source