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Data Gaps and the Policy Response to the Novel Coronavirus

Stock, James H. - 2020

This note lays out the basic Susceptible-Infected-Recovered (SIR) epidemiological model of contagion, with a target audience of economists who want a framework for understanding the effects of social distancing and containment policies on the evolution of contagion and interactions with the...

Persistent link: https://www.econbiz.de/10012838354

How Merchant Towns Shaped Parliaments : From the Norman Conquest of England to the Great Reform Act

Angelucci, Charles - 2017

We study the emergence of urban self-governance during the Commercial Revolution in the 12th- 13th century and show that municipal autonomy shaped national institutions over the subsequent centuries. We focus on England after the Norman Conquest of 1066 and build a novel comprehensive dataset of...

Persistent link: https://www.econbiz.de/10012951352

The Indigenous Roots of Representative Democracy

Bentzen, Jeanet Sinding; Hariri, Jacob Gerner; … - 2015

We document that rules for leadership succession in ethnic societies that antedate the modern state predict contemporary political regimes; leadership selection by election in indigenous societies is associated with contemporary representative democracy. The basic association, however, is...

Persistent link: https://www.econbiz.de/10013022172

Persecution Perpetuated : The Medieval Origins of Anti-Semitic Violence in Nazi Germany

Voigtländer, Nico - 2011

How persistent are cultural traits? This paper uses data on anti-Semitism in Germany and finds continuity at the local level over more than half a millennium. When the Black Death hit Europe in 1348-50, killing between one third and one half of the population, its cause was unknown. Many...

Persistent link: https://www.econbiz.de/10013123982

Do Global Pandemics Matter for Stock Prices? Lessons from the 1918 Spanish Flu

Angel, Marco del; Fohlin, Caroline; Weidenmier, Marc D. - 2021

We study the impact of the 1918 Spanish Flu on U.S. stock prices. We use the death rate to control for the impact of the global pandemic and war news reported in the New York Times to capture the positive effects of the end of World War I on stock prices. Using a new weekly hand collected NYSE...

Persistent link: https://www.econbiz.de/10013250930

Can Fixed-Term Contracts Put Low Skilled Youth on a Better Career Path? Evidence from Spain

Garacia-Perez, J. Ignacio - 2016

By reducing the commitment made by employers, fixed-term contracts can help low-skilled youth find a first job. However, the long-term impact of fixed-term contracts on these workers' careers may be negative. Using Spanish social security data, we analyze the impact of a large liberalization in...

Persistent link: https://www.econbiz.de/10012997880

Health Capacity to Work at Older Ages : Evidence from Spain

Garcia-Gomez, Pilar - 2016

In a world with limited PAYGO financing possibilities this paper explores whether older Spanish individuals have the health capacity to work longer. For that purpose we use Milligan-Wise and Cutler-Meara Cutler-Meara- Richards-Shubik simulation methods. Our results suggest that Spanish workers...

Persistent link: https://www.econbiz.de/10012999445

Default Risk, Sectoral Reallocation, and Persistent Recessions

Arellano, Cristina - 2017

experience of Spain during the recent debt crisis …

Persistent link: https://www.econbiz.de/10012947628

Foreign Investment and Domestic Productivity : Identifying Knowledge Spillovers and Competition Effects

Fons-Rosen, Christian - 2017

We study the impact of FDI on the productivity of host-country firms. FDI has positive spillovers only when foreign and domestic firms use similar technologies. Channeling FDI to sectors where firms share similar technology would significantly increase productivity spillovers from FDI. We show...

Persistent link: https://www.econbiz.de/10012950067

Productivity, Taxes, and Hours Worked in Spain : 1970–2015

Conesa, Juan - 2017

In the early 1970s, hours worked per working-age person in Spain were higher than in the United States. Starting in … 1975, however, hours worked in Spain fell by 40 percent. We find that 80 percent of the decline in hours worked can be … decrease in hours in 1975–1986 and the large increase in hours in 1994–2007. The lack of productivity growth in Spain during …

Persistent link: https://www.econbiz.de/10012951865