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Educational policy and intergenerational income mobility: Evidence from the Finnish comprehensive school reform

Pekkarinen, Tuomas; Pekkala, Sari; Uusitalo, Roope - 2006

This paper estimates the effect of a major education reform on the intergenerational income mobility in Finland. The Finnish comprehensive school reform of 1972-1977 replaced the old two-track school system with a uniform nine-year comprehensive school and significantly reduced the degree of...

Persistent link: https://www.econbiz.de/10010317949

The intergenerational transmission of higher education: Evidence from the 1973 coup in Chile

Bautista, María Angélica; González, Felipe; … - 2023

We estimate the transmission of higher education across generations using the arrival of the Pinochet dictatorship to Chile in 1973 as natural experiment. Pinochet promoted a large contraction in the number of seats available for new students across all universities. Using census data, we find...

Persistent link: https://www.econbiz.de/10014480438

The State of the Indian Economy 2009-10

Joseph, Mathew - 2009

Despite signs of recovery from the global financial crisis, the GDP growth rate for the Indian economy is likely to be between 5.8 to 6.1 per cent in 2009-10, below the 6.7 per cent recorded in fiscal 2008-09. While there has been an improvement in Indian industry, particularly the manufacturing...

Persistent link: https://www.econbiz.de/10011807647

Why does the amount of income redistribution differ between United States and Europe? The Janus face of Switzerland

Akkoyunlu, Sule; Neustadt, Ilja; Zweifel, Peter - 2009

In this paper, the amount of income redistribution in the United States, the European Union, and Switzerland is … balance against the economic explanation, which predicts more rather than less income redistribution in the United States … (which also characterize Switzerland) to redistribution; yet the Swiss share of transfers in the GDP is low. Behavioral …

Persistent link: https://www.econbiz.de/10010315581

The redistributive effects of monetary policy

Ledoit, Olivier - 2011

one furthest is worse off. This redistribution channel is independent from the ones previously noted in the literature …

Persistent link: https://www.econbiz.de/10010316933

Fiscal Decentralization, Redistribution and Growth

Neyapti, Bilin; Bulut-Cevik, Zeynep Burcu - 2011

This paper analyzes the welfare implications of a transfer mechanism in a fiscally decentralized economy where local governments select their tax collection effort to maximize their lifetime utility. We consider a transfer rule that both punishes for the lack of efficiency in tax-collection and...

Persistent link: https://www.econbiz.de/10010500177

Debt, liquidity and dynamics

Polemarchakis, H. M.; Rochon, Céline - 2001

Money, which provides liquidity, is distinct from debt. The introduction of a bank that issues money in exchange for debt and pays out its profit as dividend to shareholders modifies the model of overlapping generations. Monetary policy can set, alternatively, the nominal rate of interest or the...

Persistent link: https://www.econbiz.de/10010318857

Trade and the great divergence: The family connection

Galor, Oded; Mountford, Andrew - 2006

This research argues that the rapid expansion of international trade in the second phase of the industrial revolution has played a major role in the timing of demographic transitions across countries and has thereby been a significant determinant of the distribution of world population and a...

Persistent link: https://www.econbiz.de/10010318893

Frequency of trade and the determinacy of equilibrium paths: Logarithmic economies of overlapping generations under certainty

DeMichelis, Stefano; Polemarchakis, Heraklis - 2002

Equilibrium paths in economies of overlapping generations depend on the frequency of trade. In a logarithmic example, determinacy obtains as the frequency of trades tends to infinity or trade occurs in continuous time. If time extends infinitely into the infinite past as well as into the...

Persistent link: https://www.econbiz.de/10010318966

Inequality in land ownership, the emergence of human capital promoting institutions, and the great divergence

Galor, Oded; Moav, Omer; Vollrath, Dietrich - 2006

This paper suggests that inequality in the distribution of land ownership adversely affected the emergence of human capital promoting institutions (e.g., public schooling) and thus the pace and the nature of the transition from an agricultural to an industrial economy, contributing to the...

Persistent link: https://www.econbiz.de/10010318968