This paper examines the wage implications of temporary migration for two cohorts of Italian Ph.D.s. Special attention is given to the duration of the international experience, its contribution to earned wages and the selectivity of returnees. Returnees are found to be a self-selected group whose...

We consider an overlapping generations version of a model suggested by Fargione, Lehmann and Polasky that allows us to show, by means of simulations, that randomness of the rate of return on capital, combined with inheritance of capital and consumption being a concave function of wealth may lead...

This study aims to analyze the long-run effects of fiscal consolidation on economic activity in the Economic and Monetary Community of Central Africa (CEMAC), a grouping of six countries (Cameroon, Congo, Gabon, Equatorial Guinea, the Central African Republic, and Chad) forming a monetary union....

Using a dynamic panel dataset of 150 countries for the period of 2006-2018 and a twostep system GMM estimation model, this paper shows that natural resources have a positive effect on economic development while holding corruption constant. Our findings support the notion that natural resources...

This study aims to explore the levels of regional disparity in carbon emissions and intensity among different countries. Our study employs the distribution dynamics approach to uncover transition probabilities and the long-term evolution of relative per capita carbon emissions (REPC) and...

I examine whether private education expenditures and public K-12 funding are substitutes or complements for households whose children attend public school. Using a longitudinal microdata set, the Panel Study of Income Dynamics, I estimate the response of private household expenditures on...

This paper studies the variation across countries in mortality rates due to COVID-19. A two-stage approach is used to model international data on the spread of COVID-19. The first stage applies a convergence club framework to identify clusters of countries within which the development of the...

Silvio Gesell hypothesized that money depreciation is economically and socially beneficial, an idea that have often been contended. Here I analyze the spirit of his claims in a Sidrauski model in which households additionally have a 'love of wealth'motive. The analysis is presented in two parts,...