This paper develops a new class of poverty and inequality measures we call common prosperity. This measure complements existing classes of measures and allows decomposition across income sources or components of consumption expenditure. This framework enables us to study the trade-off between...

How important is a relationship with a bank to a firm’s performance and survival? If firms can easily switch among different sources of credit supply, then the loss of any one source may have little implication for the firms that have borrowed from that source. However, to the extent that...

Topics: 1. Mobility of Higher Education students across Europe and the world is increasing, but it creates imbalances (some countries are net importers of students, like Austria and Belgium, while others are net exporters); moreover, many graduates spend their career in jurisdictions other than...