Search results for " Economic Growth"
showing 10 items of 302 documents
What keeps young adults in permanent poverty? A comparative analysis using ECHP
2009
Abstract Previous studies suggest that there are strong differences in the rates of youth poverty across European countries. Rather surprisingly, it is found to be high in Scandinavian countries, and relatively speaking, lower in Mediterranean and Anglo-Saxon countries. This somewhat unexpected finding prompts the question whether the incidence of poverty is an appropriate measure of youth disadvantage. Instead of considering poverty rates we consider the length of recorded poverty spells, taking into account explicitly the temporal sequencing of the episodes of poverty. Using the European Community Household Panel, individuals are classified into different groups of poverty permanence, eac…
Eurocity London: a qualitative comparison of graduate migration from Germany, Italy and Latvia
2016
This paper compares the motivations and characteristics of the recent migration to London of young-adult graduates from Germany, Italy and Latvia. Conceptually the paper links three domains: the theory of core–periphery structures within Europe; the notion of London as both a global city and a ‘Eurocity’; and the trope of ‘crisis’. The dataset analysed consists of 95 in-depth biographical interviews and the paper’s main objective is to tease out the narrative similarities and differences between the three groups interviewed. Each of the three nationalities represents a different geo-economic positioning within Europe. German graduates move from one economically prosperous country to another…
Booms, Busts and normal times in the housing market
2015
We assess the existence of duration dependence in the likelihood of an end in housing booms, busts, and normal times. Using data for 20 industrial countries and a continuous-time Weibull duration model, we find evidence of positive duration dependence suggesting that housing market cycles have become longer over the last decades. Then, we extend the baseline Weibull model and allow for the presence of a change-point in the duration dependence parameter.We show that positive duration dependence is present in booms and busts that last less than 26 quarters, but that does not seem to be the case for longer phases of the housing market cycle. For normal times, no evidence of change-points is fo…
Lieu de résidence et discrimination salariale
2010
Ziel dieses Artikels ist es, die Lohnabweichungen zwischen Jugendlichen, die in sensiblen städtischen Zonen wohnen, am Ende ihrer Ausbildung und denjenigen, die zwar nicht in einer solchen Zone leben, die aber in städtischen Einheiten mit solchen Zonen wohnen, unter Berücksichtigung möglicher Barrieren beim Zugang zu bestimmten Beschäftigungen und insbesondere zu den Arbeitsplätzen von Führungskräften zu untersuchen. In Anknüpfung an Brown, Moon und Zoloth (1980) schlagen wir eine Zerlegung der Lohnabweichungen vor, bei der die Möglichkeit einer Differenzierung beim Zugang zu bestimmten Beschäftigungen entsprechend der Art des Stadtviertels, in dem die Jugendlichen wohnen, berücksichtigt wi…
A spatial analysis of Italian unemployment differences
2008
Using spatial econometric models, this paper focuses attention on the spatial structure of provincial unemployment disparities of Italian provinces for the year 2003. On the basis of findings from the economic literature and of the available socio-economic data, various model specifications including supply- and demand-side variables are tested. Further we use ESDA analysis as equivalent to integration analysis on time series; therefore it is applied on each variable, dependent and independent, involved in the statistical model. The suggestions of ESDA lead us to the most adequate statistical model, which estimates indicate that there is a significant degree of neighbouring effect (i.e. pos…
Can fiscal policy stimulus boost economic recovery
2011
We assess the role played by fiscal policy in explaining the dynamics of asset markets. Using a panel of ten industrialized countries, we show that a positive fiscal shock has a negative impact in both stock and housing prices. However, while stock prices immediately adjust to the shock and the effect of fiscal policy is temporary, housing prices gradually and persistently fall. Consequently, the attempts of fiscal policy to mitigate stock price developments (e.g. via taxes on capital gains) may severely de-stabilize housing markets. The empirical findings also point to significant fiscal multiplier effects in the context of severe housing busts, which gives rise to the importance of the im…
Revisiting the Trade-off Between Risk and Incentives: The Shocking Effect of Random Shocks?
2019
Despite its central role in the theory of incentives, empirical evidence of a trade-off between risk and incentives remains scarce. We reexamine this trade-off in a workplace lab environment and find that, in line with theory, principals increase fixed pay while lowering performance pay when the relationship between effort and output is noisier. Unexpectedly, agents produce substantially more in the noisy environment than in the baseline despite weaker incentives. In addition, principals’ earnings are significantly higher in the noisy environment. We show that these findings can be accounted for when agents maximize a non-CARA utility function or when they exhibit loss aversion. Data and t…
Development and Structure of Environmental Worries in Germany 1984–2019
2021
Abstract Referring to a survey question in the German socio-economic panel, which measures worries about protecting the environment, the article looks at the development of environmental worries in Germany for the timespan 1984–2019. The analyses mainly have descriptive character. We explore several expectations and assumptions discussed in historical accounts of the environmental movement in Germany and in empirical studies on environmental attitudes and their determinants. Results show that the overall development can be divided into a period of rising environmental worries in the 1980s, a considerable decline in the 1990s, and a relative stability since 2000. From 2018 to 2019, however, …
Financial, organisational and informative involvement of the society in social innovation processes in Latvia
2018
International audience; Social innovation brings to inclusion and wellbeing, improving the quality of life and socioeconomic performance and enhancing the society's collective power and resources. Therefore, it is of utmost importance to promote social innovation processes in any society, providing research for getting the understanding of different aspects of it, including the main actors and the extent to which they are involved in social innovation. The research presented in this paper reveals the main stakeholders of social innovation and analyses the methodology elaborated by the authors for determining the involvement of the society in social innovation processes at financial, organis…
The waves of enterprises bankruptcy and the factors that determine them: the case of Latvia and Lithuania
2018
International audience; Bankruptcy of enterprises is macroeconomic issue and a phenomenon of a dynamic and competitive market economy. It results in a lot of negative effects not only for the enterprise and its employees but also for other enterprises and institutions, as well as the state and society. The aim of the article is to carry out the analysis of bankruptcy of Latvian and Lithuanian enterprises. No such study has been carried out so far. Article analyses the dynamics of Latvian and Lithuanian enterprise bankruptcy, which manifest themselves in larger waves in certain periods and the factors that influence them. From 1993-when the bankruptcy of enterprises was started to be officia…