This paper criticizes the idea to conceive the fiscal federalist reform in Italy as a tool to empower central-northern regions to retain resources otherwise wasted in the South. We argue that such a view muddles up efficiency and redistribution issues, thus threatening the legitimate...

We examine the impact of a Finnish reform in the 1990s that restricted the use of particular early retirement channels, unemployment pension and individual early retirement, and simultaneously changed the rules of firm size related experience rating in disability pensions. Our emphasis is on how...

This paper incorporates recent developments in the literature to quantify the amount of interprovincial risk-sharing in Canada. We find that 29% of shocks to gross provincial product are smoothed by capital markets, 27% are smoothed by the federal tax-transfer systems, and about 24% are smoothed...

The paper gives a simple algebraic description, and background justification, for the Bowley Ratio, the relative returns to labour and capital, in a simple economy.

Apart from the fact that a traditional approach that emphasizes capturing knowledge in databases, manuals, books, and reports and then sharing it in hard form has become dated, there is no clear-cut understanding or widely shared definitions of knowledge,even though there has been a deluge of...

Support of business start-ups is partially motivated by social policy objectives. The paper discusses these social policy objectives on a conceptual and empirical basis. Its focus is on start-ups out of unemployment. Implications for the design and the evaluation of socially motivated start-up...

I investigate how well market valuation and yield measures predict the maximum sustainable withdrawal rate (MWR) that a person can use with their retirement savings to obtain inflation-adjusted income over a 30-year period. The regression framework includes variables to predict long-term stock...

The research has as main objective to carry out a structural analysis of the economy of Pará, filling a gap in research on the region. The analysis, which includes the relations of the state of Para with the rest of the country, was enabled by the construction of input-output matrix of the...

Due to the specific characteristics of coffee production on each of the main Brazilian states producers of arabica (Coffea arabica) and robusta coffee (Coffea canephora), a better understanding of the structural links between production and industrialization of coffee on those states and the...

Ethnic networks—as proxies for information networks—have been associated with higher levels of international trade. Previous research has not differentiated between the roles of these networks on the extensive and intensive margins. The present paper does so using a model with fixed effects,...