Showing 1 - 10 of 27
This paper examines the impact of labour market and product market reforms on income inequality for 25 OECD countries, using the local projections approach and updates of the reform indicators put together by Duval et al. (2018) until 2020. Our results suggest that both types of (endogenized)...
Persistent link: https://www.econbiz.de/10014290124
This paper empirically examines the impact of labour market counter-reforms on real GDP per capita and employment growth in 25 OECD countries between 1973 and 2012. We use a novel, narrative-based dataset of reform indicators and apply the local projections approach. We consider not only...
Persistent link: https://www.econbiz.de/10015047294
We test the theory of expressive voting in relation to political ideology in a laboratory experiment. After deriving our hypotheses from a decision theoretic model, we examine voting decisions in an experiment in which we use the size of the electorate as the treatment variable. Using a Heckman...
Persistent link: https://www.econbiz.de/10011431342
This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...
Persistent link: https://www.econbiz.de/10012269463
The main contribution of this paper is the development of a novel and versatile methodology to identify economic reforms. The methodology is a combination of the Bai & Perron structural break filter, and validation of the structural breaks identified using de jure evidence of reforms. The...
Persistent link: https://www.econbiz.de/10010931434
We examine the predictive validity of survey-measured left-right political ideology by testing whether this measure is able to explain observed choices regarding equality versus efficiency. We study this in a real-effort distribution experiment, in which decision-makers allocate money equally or...
Persistent link: https://www.econbiz.de/10011887399
This paper adds new empirical evidence to the political economy literature of economic reform. One of the main contributions of this paper is the development of a novel methodology to identify privatisations. The methodology is a combination of the Bai & Perron structural break filter, and...
Persistent link: https://www.econbiz.de/10011252443
We re-examine the conventional view that to be successful, fiscal adjustments should rely on spending cuts and not on tax increases. We apply the Bai-Perron structural break filter instead of ad hoc rules to identify fiscal adjustments and their successfulness in 20 OECD countries. Our results...
Persistent link: https://www.econbiz.de/10012971356
We examine the predictive validity of survey-measured left-right political ideology by testing whether this measure is able to explain observed choices regarding equality versus efficiency. We study this in a real-effort distribution experiment, in which decision-makers allocate money equally or...
Persistent link: https://www.econbiz.de/10012912436
This paper examines the impact of labour market and product market reforms on income inequality for 25 OECD countries, using the local projections approach and updates of the reform indicators put together by Duval et al. (2018) until 2020. Our results suggest that both types of (endogenized)...
Persistent link: https://www.econbiz.de/10013489588