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Social and Behavioral Sciences Commons™
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Articles 1 - 4 of 4
Full-Text Articles in Social and Behavioral Sciences
Globalization, Inequality, And The Rich Countries Of The G-20: Evidence From The Luxembourg Income Study (Lis), Timothy M. Smeeding
Globalization, Inequality, And The Rich Countries Of The G-20: Evidence From The Luxembourg Income Study (Lis), Timothy M. Smeeding
Center for Policy Research
The purpose of this study is to summarize and comment upon what we know about the determinants of both the level and trend in economic inequality over the past two decades, and to relate these findings to the progress of globalization in these nations. While the fruits of economic progress in rich nations have not been equally spread, we argue that most citizens enrich Organization for Economic Cooperation and Development (OECD) nations have benefited from the trend toward global economic progress. We begin with a summary of the differences in overall economic inequality within the G-20 nations based on LIS …
Geography, Industrial Organization, And Agglomeration Heteroskedasticity Models With Estimates Of The Variances Of Foreign Exchange Rates, Chihwa Kao
Center for Policy Research
This paper proposes a robust estimation procedure, the bounded influence estimate (BIS), which is robust against departure from the conditional normality of the autoregressive conditional heteroskedasticity (ARCH) models to describe the behavior of exchange rates. First, the BIE identifies the additive outliers (AO, e.g., Fox 1972) caused by abnormal information arrivals which may be triggered by changes in domestic policies and international shocks. Identification of outliers allows us to analyze the major economic and political factors that contribute directly to the dramatic changes in exchange rates. Second, the performance of the BIE is compared with the maximum likelihood estimate (MLE) …
Worldwide Population Aging: Endogenous Policy Formation And Capital Market Transmissions In The Presence Of Symmetric Demographic Shocks, Mehmet Serkan Tosun
Worldwide Population Aging: Endogenous Policy Formation And Capital Market Transmissions In The Presence Of Symmetric Demographic Shocks, Mehmet Serkan Tosun
Center for Policy Research
This paper examines the transition effects of population aging in more developed regions that is also expected to occur in developing regions in the near future. We address these effects by exploring the influences of internationally mobile capital and a politically responsive fiscal policy in a two-country overlapping generations model. Our results show that the combination of capital mobility and endogenous fiscal policy play an important role in how economies respond to population aging. Capital mobility has consumption smoothing effects but endogenous fiscal policy is the key factor in creating asymmetries between countries. The interaction of the two may even …
Microdata Panel Data And Public Policy: National And Cross-National Perspectives, Richard V. Burkhauser
Microdata Panel Data And Public Policy: National And Cross-National Perspectives, Richard V. Burkhauser
Center for Policy Research
This paper focuses on the movement of data-based social policy analysis from a single-country cross-section frame to a multi-country panel frame. It provides examples of policy insights this movement to panel data has permitted, both with respect to economic well-being and behavior--using data from the Panel Study of Income Dynamics (PSID), the British Household Panel Study (BHPS), the German Socio-Economic Panel (GSOEP), and the Health and Retirement Study (HRS). It also suggests fruitful areas for future panel data-based policy research.