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We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF information is valuable, a centralized control is indeed...
Persistent link: https://www.econbiz.de/10003817754
In this paper, we investigate how economic, political and institutional factors affect the choice of exchange rate regimes, using data on eight MENA (Middle East and North Africa) countries over the 1984-2016 period. Specifically, we run random-effects ordered probit regressions of the...
Persistent link: https://www.econbiz.de/10013186745
occupational exposure to contagion driven by social contacts. I combined six indicators based on Occupation Information Network (O … cross-country differences in levels of exposure to contagion in comparable occupations. The resulting country-level measures … of levels of exposure to contagion (excluding health professions) predict the growth in COVID-19 cases, and the number of …
Persistent link: https://www.econbiz.de/10012213013
-contact route. We show that in Europe, women are more exposed to contagion, as they are more likely than men to work in occupations … important factor in workers' exposure to contagion than their education or age. This gender difference in exposure can be … require more interpersonal interactions. While workers in Southern European countries are the most exposed to contagion, the …
Persistent link: https://www.econbiz.de/10012233387
contagion needs to be heterogeneous across India, depending on the ex-ante economic structure of a region. …
Persistent link: https://www.econbiz.de/10012519177
This study investigates whether exposure to peer depression in adolescence affects own depression in adulthood. We find a significant long-term depression peer effect for females but not for males in a sample of U.S. adolescents who are followed into adulthood. An increase of one standard...
Persistent link: https://www.econbiz.de/10012290624
We seek to quantify the role of education as a mechanism through which family background affects earnings. To this end, we propose a generalisation of statistical 'mediation analysis'. In our approach, the treatment and mediator can be multidimensional. This allows us to directly and flexibly...
Persistent link: https://www.econbiz.de/10011458929
There is vast heterogeneity in the human willingness to weigh others' interests in decision making. This heterogeneity concerns the motivational intricacies as well as the strength of other-regarding behaviors, and raises the question how one can parsimoniously model and characterize...
Persistent link: https://www.econbiz.de/10011912822
Parsimony is a desirable feature of economic models but almost all human behaviors are characterized by vast individual variation that appears to defy parsimony. How much parsimony do we need to give up to capture the fundamental aspects of a population's distributional preferences and to...
Persistent link: https://www.econbiz.de/10014419243
We extend the literature structurally estimating social preferences by accounting for the desire to adhere to social norms. Our representative agent is strongly motivated by norms and failing to account for this causes us to overestimate how much agents care about helping those who are worse...
Persistent link: https://www.econbiz.de/10013412658