Search results for "demographic"
showing 10 items of 603 documents
Board Gender Diversity and Firm Performance: Evidence from Supply-Side Shocks in China
2019
This paper identifies a positive causal effect of board gender diversity on firm performance by utilizing unique historical events in China. Specifically, the Famine resulted in an evident gender gap in the supply of qualified directors of certain cohorts. Since the shocks differ in both gender and cohorts, we construct a novel "Diff-in-Diff'" instrumental variable and a Bartik instrument for board gender representation. We find that a 10% increase in board female representation can lead to a 2.38% increase in return on assets (ROA). Moreover, our results support the critical mass theory and indicate that female directors are beneficial by lowering risk levels and improving solvency.
The uneven transition towards universal literacy in Spain, 1860–1930
2021
This study provides new evidence on the advance of literacy in Spain during the period 1860–1930. A novel dataset, built with historical information from the Spanish population censuses (over 8000 ...
The Psychological Science Accelerator’s COVID-19 rapid-response dataset
2023
Funder: Amazon Web Services (AWS) Imagine Grant
Combining the intensity and sequencing of the poverty experience:a class of longitudinal poverty indices
2011
Summary Traditional measures of the persistence of poverty do not devote enough attention to the sequence of spells of poverty. We propose a new class of indices which measures the severity of chronic poverty, taking into account the way in which spells of poverty and non-poverty follow one another along individual life courses. All the years spent in poverty concur with the measurement of the persistency of poverty, albeit with a decreasing contribution provided that the distance between two consecutive spells of poverty becomes longer. Moreover, the distance from the poverty line and the poverty persistence probabilities are explicitly taken into account. A macrolevel index, which allows …
Productivity, R&D Spillovers and Educational Attainment*
2012
Economists have long agreed that the local availability of a more qualified workforce generates significant spillovers. This study suggests that these externalities may arise because plants by having access to a more qualified workforce at a regional level, can benefit more from R&D spillovers than those located in areas with less qualified workforce. This hypothesis is tested on a sample of British establishments drawn from the Annual Business Inquiry over the period 1997–2002. The main results are consistent with our expectations that the regional differences in the industry-level educational attainment of the workforce available to a plant will condition its capability of absorbing R&D s…
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…
The Age Structure of Human Capital and Economic Growth
2018
This paper shows that the age structure of human capital is a relevant characteristic to take into account when analysing the role of human capital in economic growth. The effect of an increase in the education of the population aged 40–49 years is found to be an order of magnitude larger than an increase in the education attained by any other age cohort. The results are unlikely to be driven by the age structure of the population, as we find that the effects on growth of the age structure of education and the age structure of population are distinct. The findings are robust across specifications and remain unchanged when we control for long‐delayed effects in human capital or for the exper…
Suburban Fertility and Metropolitan Cycles: Insights from European Cities
2021
Being largely diversified along the urban–rural gradient, fertility gaps have demonstrated to fuel metropolitan expansion, contributing to natural population growth and social change. In this direction, population dynamics and economic transformations have continuously shaped urban cycles in Europe. Assuming suburban fertility to be a relevant engine of metropolitan growth, the present study investigates and discusses the intrinsic relationship between fertility transitions and urban expansion, focusing on European metropolitan regions. An average crude birth rate referring to the last decade (2013–2018) was estimated from official statistics at 671 Functional Urban Areas (FUAs, Eurostat Ur…
Heterogeneous Displacement Effects of Migrant Labor Supply – Quasi-Experimental Evidence From Germany
2019
We provide estimates of the effect of migrant labor supply on resident employment. We exploit variation in the number of asylum seekers eligible to the suspension of a major hiring restriction implemented in a subset of German counties. Our difference-in-difference design allows us to provide evidence from a labor supply shock of migrants on local markets net of their additional spending at arrival that might mask labor market displacement effects. Despite this, we do not find a negative effect on employment growth of natives but only on other foreign residents. This also holds for unskilled employees. Therefore, our findings can be interpreted as the consequence of differential substitutab…