We document the recent phenomenon of uphill flows of capital from nonindustrial toindustrial countries and analyze whether this pattern of capital flows has hurt growth innonindustrial economies that export capital. Surprisingly, we find that there is a positivecorrelation between current...

Is the Chinese growth miracle - a remarkably high growth rate sustained for over twodecades - likely to persist or are the seeds of its eventual demise contained in the policiesthat have boosted growth? For all its presumed flaws, the particular approach tomacroeconomic and structural policies...

Do workers sort more randomly across different job types when jobs are harder to find? To answer this question, we study the mobility of male workers among three-digit occupations in the matched files of the monthly Current Population Survey over the 1979-2004 period. We clean individual...

The EU experience with youth unemployment has changed over recent years with the launchand re-launch of the Lisbon Strategy and the Bologna process. A dramatic shift has takenplace from the 1990s emphasis on labour market flexibility as a tool to abate youth long termunemployment to the more...

Starting from Professor Kornai´s assertion about the necessity to focus on the long-termperspectives of the transformation process, we analyze in this paper the Lisbon performanceof the countries of the European Union from such a long-term, structural perspective. Wepresent in a simple form the...

This paper investigates the impact of macroeconomic shocks on infant mortality in India andinvestigates likely mechanisms. A recent OECD-dominated literature shows that mortality atmost ages is pro-cyclical but similar analyses for poorer countries are scarce, and bothincome risk and mortality...

This paper evaluates the impact of three major expansions in leave coverage in Germany on the long-run education and labor market outcomes of children. Evaluation of three policy reforms as opposed to a single reform enables us to analyze whether the impact of paid leave differs from that of...

This microeconometric study analyzes the effects of individual leisure sports participation on long-term labour market variables, on socio-demographic as well as on health and subjective well-being indicators for West Germany based on individual data from the German Socio-Economic Panel study...

We provide an overview of the growing literature that uses micro-level data from multiplecountries to investigate health outcomes, and their link to socioeconomic factors, at olderages. Since the data are at a comparatively young stage, much of the analysis is at an earlystage and limited to a...

Firms select not only how many, but also which workers to hire. Yet, in standard searchmodels of the labor market, all workers have the same probability of being hired. We arguethat selective hiring crucially affects welfare analysis. Our model is isomorphic to a searchmodel under random hiring...