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Three main vantage points are brought together in this paper: (1) Israel’s relatively good economic performance in recent years – at least, in comparison with other Western countries that have still not emerged from the recession; (2) motivations for the wave of social protests that erupted...
Persistent link: https://www.econbiz.de/10011084118
This study examines the extent, duration and timing of employment breaks amongst a large representative sample of …, unique in Israel, which was derived from a linkage of 1995 Population Census data with monthly employment records of the …, breakdowns are provided by ethnic origin, marital status, age and education level. While most of the results are both expected …
Persistent link: https://www.econbiz.de/10005136575
education. First, people- and household-based effects (internal returns to education and household wage and education … externalities) generate socioeconomic incentives for people to get an education and work, which are stronger in countries with the … regional interpersonal income and educational inequality, also influence wages and education in different ways across welfare …
Persistent link: https://www.econbiz.de/10008854522
redistribution. Subsidization of education increases employment and growth. Redistribution through the tax and benefit system or … productivity. Education as well as innovation and production require skilled labour as inputs. This and the fact that learning … opportunities differ across workers determine simultaneously the long-run level of employment and the long-run rate of growth. We …
Persistent link: https://www.econbiz.de/10005114510
We present a model in which issuers of asset backed securities choose to release coarse information to enhance the liquidity of their primary market, at the cost of reducing secondary market liquidity or even causing it to freeze. The degree of transparency is inefficiently low if the social...
Persistent link: https://www.econbiz.de/10005504512
Systemic risk is modeled as the endogenously chosen correlation of returns on assets held by banks. The limited liability of banks and the presence of a negative externality of one bank’s failure on the health of other banks give rise to a systemic risk-shifting incentive where all banks...
Persistent link: https://www.econbiz.de/10004980206
respective major crisis triggers (Lehman’s collapse in the US and the 2009 admission by Papandreou, that Greece’s deficit was … those widely observed crisis triggers is similar in the EA and in the US, the behavior of their reserves is quite different …
Persistent link: https://www.econbiz.de/10011096105
financial crisis of 2007-09, they raised substantial amounts of new capital, both from private investors and through government …
Persistent link: https://www.econbiz.de/10011083440
crisis since mid-2007. We also find that there is some tendency of the yield movements to be larger when the demand for the …
Persistent link: https://www.econbiz.de/10011083630
relationship banks gather information on their borrowers, which allows them to provide loans for profitable firms during a crisis … firms in a crisis. Using detailed credit register information for Italian banks before and after the Lehman Brothers …' default, we are able to study how relationship and transaction-banks responded to the crisis and we test existing theories of …
Persistent link: https://www.econbiz.de/10011083688