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This paper studies how differences in labor market regulations shape countries' comparative advantage in the cross-border provision of labor-intensive services, using administrative data in Europe for the last two decades. I exploit exogenous variation in labor taxes and minimum wages faced by...
Persistent link: https://www.econbiz.de/10014437007
-Google SDKs used per app in 5 major European countries (EU5) exhibits a 1.3% decline in EU5-only apps after GDPR, and a 6 ….3% decline in apps multihoming US and EU5. These effects are mostly driven by lower-ranked apps. Using apps' monthly active users … in the average SDK exposure in EU5-only relative to US-only apps. The only significant change in multihoming apps is a 4 …
Persistent link: https://www.econbiz.de/10015145050
As central banks, including the European Central Bank (ECB), adopt climate-related responsibilities, gauging public support becomes essential. Drawing on a June 2023 Bundesbank household survey, we find that 69% of households report increased trust in the ECB due to its climate actions, valuing...
Persistent link: https://www.econbiz.de/10015145054
"We identify a new set of stylized facts on the 2008-2009 trade collapse that we hope can be used to shed light on the importance of demand and supply-side factors in explaining the fall in trade. In particular, we decompose the fall in international trade into product entry and exit, price...
Persistent link: https://www.econbiz.de/10011395038
category of the EU's harmonized consumer price index (HICP). We then lay out a model of a monetary union with fully flexible …
Persistent link: https://www.econbiz.de/10012467206
visit (in the U.S.), or perhaps because of a long-standing illness (in the E.U), are more likely to become organ donors …
Persistent link: https://www.econbiz.de/10012467367
Americans average 25.1 working hours per person in working age per week, but the Germans average 18.6 hours. The average American works 46.2 weeks per year, while the French average 40 weeks per year. Why do western Europeans work so much less than Americans? Recent work argues that these...
Persistent link: https://www.econbiz.de/10012467406
This paper begins by discussing the inherent conflict between the simultaneous existence of a single currency for the countries of the European Economic and Monetary Union (EMU) and the independent fiscal policies of those countries. The Stability and Growth Pact was an attempt to reconcile that...
Persistent link: https://www.econbiz.de/10012467436
The data show that an increase in government provided old-age pensions is strongly correlated with a reduction in fertility. What type of model is consistent with this finding? We explore this question using two models of fertility, the one by Barro and Becker (1989), and the one inspired by...
Persistent link: https://www.econbiz.de/10012467539
Formation of the Euro area raises new questions about the coordination of monetary and fiscal policy. Using a New Neoclassical Synthesis (NNS) model, we show that a common monetary policy, responding to area-wide aggregates, has asymmetric effects on countries within the union, depending on...
Persistent link: https://www.econbiz.de/10012467632