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The (subjective) well-being cost of fiscal policy shocks

Eklou, Kodjovi M.; Fall, Mamour - 2020

Do discretionary spending cuts and tax increases hurt social well-being? To answer this question, we combine subjective well-being data covering over half a million of individuals across 13 European countries, with macroeconomic data on fiscal consolidations. We find that fiscal consolidations...

Persistent link: https://www.econbiz.de/10012170083

Gross national happiness and macroeconomic indicators in the Kingdom of Bhutan

Balasubramanian, Sriram; Cashin, Paul A. - 2019

This paper examines the origins and use of the concept of Gross National Happiness (or subjective well-being) in the … national surveys of Gross National Happiness in Bhutan, the concept has been used to guide public policymaking for the country … undertake more frequent Gross National Happiness surveys and evaluations, to better build evidence for comovement of well …

Persistent link: https://www.econbiz.de/10012001578

Social versus individual work preferences : implications for optimal income taxation

An, Zhiyong; Coady, David P. - 2022

Persistent link: https://www.econbiz.de/10013169902

Can a Shorter Workweek Induce Higher Employment? : Mandatory Reductions in the Workweek and Employment Subsidies

Erbaş, S. Nuri - 1999

A reduction in the legal workweek may induce a degree of downward wage flexibility, while an employment subsidy to firms accommodates downward wage rigidity. It may be possible, therefore, to increase employment with a policy that combines a reduction in the workweek with an employment subsidy....

Persistent link: https://www.econbiz.de/10014400528

Multiple dimensions of Human Development Index and public social spending for sustainable development

Paliova, Iana; McNown, Robert F.; Nülle, Grant - 2019

Multidimensional assessment of human development is increasingly recognized as playing an important role in assessing well-being. The focus of analysis is on the indicators measuring the three dimensions of Human Development Index (HDI) - standard of living, education and health, and their...

Persistent link: https://www.econbiz.de/10012103758

Are the French Happy with the 35-Hour Workweek?

Estevão, Marcello M. - 2006

Legally mandated reductions in the workweek can be either a constraint on individuals'' choice or a tool to coordinate individuals'' preferences for lower work hours. We confront these two hypotheses by studying the consequences of the workweek reduction in France from 39 to 35 hours, which was...

Persistent link: https://www.econbiz.de/10014400283

Unintended effects from the expansion of the non-contributory health system in Peru

Nauerz, Jonas; Torres, Jose - 2021

Over the last two decades, the Peruvian government has made great efforts to improve access to health care by significantly augmenting the coverage of the non-contributory public health care system Seguro Integral de Salud (SIS). This expansion has a positive impact on welfare and public health...

Persistent link: https://www.econbiz.de/10012604812

The sectoral trade losses from financial crises

Atsebi, Bédhat Jean-Marc; Combes, Jean-Louis; Minea, … - 2021

The "Great Trade Collapse" triggered by the 2008-09 crisis calls for a careful assessment of the trade losses from financial crises. We adopt a more detailed perspective by looking at the response of different types of trade (i.e. agricultural, mining, and manufactured goods, and services)...

Persistent link: https://www.econbiz.de/10012610647

Monetary and Macroprudential Policies to Manage Capital Flows

Medina Guzman, Juan Pablo - 2014

We study interactions between monetary and macroprudential policies in a model with nominal and financial frictions. The latter derive from a financial sector that provides credit and liquidity services that lead to a financial accelerator-cum-fire-sales amplification mechanism. In response to...

Persistent link: https://www.econbiz.de/10014411152

Public Investment as an Engine of Growth

Warner, Andrew M. - 2014

This paper looks at the empirical record whether big infrastructure and public capital drives have succeeded in accelerating economic growth in low-income countries. It looks at big long-lasting drives in public capital spending, as these were arguably clear and exogenous policy decisions. On...

Persistent link: https://www.econbiz.de/10014411432