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Hintermaier, Thomas - 2011

We provide a model with endogenous portfolios of secured and unsecured household debt. Secured debt is collateralized by owner-occupied housing whereas unsecured debt can be discharged according to bankruptcy regulations. We show that the calibrated model matches important quantitative...

Persistent link: https://www.econbiz.de/10013126139

Households Debt Restructuring : The Re-Default Effect of a Debt Suspension

Fraisse, Henri - 2017

When facing financial distress, French households can file a case to a "households' over-indebtedness commission" (HDC). The HDC can order an immediate repayment or grant a debt suspension. Exploiting the random assignment of bankruptcy filings to managers, we show that a debt suspension has a...

Persistent link: https://www.econbiz.de/10012946593

Displacement and Debt : The Role of Debt in Returning to Work in the Period Following the Great Recession

Bednarzik, Robert - 2017

The onset of the housing and subsequent financial crisis in 2008 marked the steepest economic downturn in the United. States, since the Great Depression in the late 1920s and 1930s. This most recent financial crisis has been characterized by massive layoffs and displacement. Given the depth of...

Persistent link: https://www.econbiz.de/10012956016

The Costs of Favoritism : Is Politically-Driven Aid Less Effective?

Dreher, Axel - 2010

World Bank projects and generally find that projects that are potentially politically motivated – such as those granted to … governments holding a non-permanent seat on the United Nations Security Council or an Executive Directorship at the World Bank … Council members with higher short-term debt, however, a negative quality rating is more likely. So we find evidence that World …

Persistent link: https://www.econbiz.de/10013146478

Does Openness to International Financial Flows Contribute to Productivity Growth?

Kose, M. Ayhan; Prasad, Eswar S.; Terrones, Marco E. - 2021

Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth, far less attention has been paid to its...

Persistent link: https://www.econbiz.de/10013325040

The Great Recession of 2008-2009 : Causes, Consequences and Policy Responses

Verick, Sher Singh - 2010

US to the worst recession the world has witnessed for over six decades. Through an in-depth review of the crisis in terms … suggested, while at the same time the majority of the world's poor had benefited insufficiently from stronger economic growth …

Persistent link: https://www.econbiz.de/10013141781

Unemployment Benefits and Immigration : Evidence from the EU

Giulietti, Corrado - 2011

The paper studies the impact of unemployment benefits on immigration. A sample of 19 European countries observed over the period 1993-2008 is used to test the hypothesis that unemployment benefit spending (UBS) is correlated with immigration flows from EU and non-EU origins. While OLS estimates...

Persistent link: https://www.econbiz.de/10013118503

The Effects of the Recent Economic Crisis on Social Protection and Labour Market Arrangements Across Socio-Economic Groups

Basso, Gaetano - 2011

The Great Recession did not only affect European countries to a varying extent, its impact on national labour markets and on specific socio-economic groups in those markets also varied greatly. Institutional arrangements such as employment protection, unemployment insurance benefits and minimum...

Persistent link: https://www.econbiz.de/10013118534

Is a Policy of Free Movement of Workers Sustainable?

Picard, Pierre M. - 2014

This paper studies the costs and benefits of the adoption of the policy of free movement for workers. For the countries to agree on uncontrolled movement of workers, the short run costs must be outweighed by the long term benefits that result from better labor market flexibility and income...

Persistent link: https://www.econbiz.de/10013056653

Trends in Commuting Time of European Workers : A Cross-Country Analysis

Giménez, José Ignacio - 2020

This paper examines the time spent commuting to/from work by workers in fifteen European countries, during the last three decades, with the aim of analyzing recent trends in commuting and the factors affecting commuting behavior in those countries. Using data from several waves of the European...

Persistent link: https://www.econbiz.de/10012843155