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See detailCOVID-19 Compliance Behaviors of Older People: The Role of Cognitive and Non-Cognitive Skills
Clark, Andrew; d'Ambrosio, Conchita UL; Onur, Ilke et al

in Economics Letters (in press)

This paper examines the empirical relationship between individuals’ cognitive and non-cognitive abilities and COVID-19 compliance behaviors using cross-country data from the Survey of Health, Ageing and ... [more ▼]

This paper examines the empirical relationship between individuals’ cognitive and non-cognitive abilities and COVID-19 compliance behaviors using cross-country data from the Survey of Health, Ageing and Retirement in Europe (SHARE). We find that both cognitive and non-cognitive skills predict responsible health behaviors during the COVID-19 crisis. Episodic memory is the most important cognitive skill, while conscientiousness and neuroticism are the most significant personality traits. There is also some evidence of a role for an internal locus of control in compliance. [less ▲]

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See detailIntergenerational wealth transfers and wealth inequality in rich countries: What do we learn from Gini decomposition?
Nolan, Brian; Palomino, Juan C.; van Kerm, Philippe UL et al

in Economics Letters (2021), 199

The role of intergenerational transfers of wealth via inheritance and gifts inter vivos in the accumulation of household wealth and the generation of wealth inequality has been hotly debated. This paper ... [more ▼]

The role of intergenerational transfers of wealth via inheritance and gifts inter vivos in the accumulation of household wealth and the generation of wealth inequality has been hotly debated. This paper uses data from household wealth surveys for six rich countries – Britain, France, Germany, Italy, Spain and the US – to assess the contribution of intergenerational wealth transfers to wealth inequality using decomposition methods for the Gini coefficient. The results show that transfer wealth is consistently a good deal more unequally distributed than non-transfer wealth and total wealth. Transfer wealth accounts for only about one-tenth of overall wealth inequality for the US compared to one-third for Germany and Italy. This mirrors the importance of transfer wealth in total wealth in each country, with differences in inequality in transfer wealth and its correlation with total wealth having only a modest impact. We find that a marginal percentage increase in all transfers reduces total wealth inequality in Britain, Germany and the US, while it would increase total wealth inequality in France, Italy and Spain. [less ▲]

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See detailThe Empirical Content of Marital Surplus in Matching Models
Dupuy, Arnaud; Doorley, Karina; Weber, Simon

in Economics Letters (2019), 176

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See detailThe empirical content of marital surplus in matching models
Doorley, Karina; Dupuy, Arnaud UL; Weber, Simon

in Economics Letters (2019), 176

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See detailMarket fragility and the paradox of the recent stock-bond dissonance
Koulovatianos, Christos UL; Li, Jian; Weber, Fabienne UL

in Economics Letters (2018), 162

After the Lehman-Brothers collapse, the stock index has exceeded its pre-Lehman-Brothers peak by 36% in real terms. Seemingly, markets have been demanding more stocks instead of bonds. Yet, instead of ... [more ▼]

After the Lehman-Brothers collapse, the stock index has exceeded its pre-Lehman-Brothers peak by 36% in real terms. Seemingly, markets have been demanding more stocks instead of bonds. Yet, instead of observing higher bond rates, paradoxically, bond rates have been persistently negative after the Lehman-Brothers collapse. To explain this paradox, we suggest that, in the post-Lehman-Brothers period, investors changed their perceptions on disasters, thinking that disasters occur once every 30 years on average, instead of disasters occurring once every 60 years. In our asset-pricing calibration exercise, this rise in perceived market fragility alone can explain the drop in both bond rates and price–dividend ratios observed after the Lehman-Brothers collapse, which indicates that markets mostly demanded bonds instead of stocks. [less ▲]

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See detailMean growth and stochastic stability in endogenous growth models
Boucekkine, Raouf; Pintus, Patrick; Zou, Benteng UL

in Economics Letters (2018)

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See detailProximity-sensitive individual deprivation measures
D'Ambrosio, Conchita UL; Bossert, Walter

in Economics Letters (2014), 122

We propose and characterize a generalization of the classical linear index of individual deprivation based on income shortfalls. Unlike the original measure, our class allows for increases in the income ... [more ▼]

We propose and characterize a generalization of the classical linear index of individual deprivation based on income shortfalls. Unlike the original measure, our class allows for increases in the income of a higher-income individual to have a stronger impact on a person’s deprivation the closer they occur to the income of the individual whose deprivation is being assessed. The subclass of our measures with this property is axiomatized in our second result. [less ▲]

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See detailDoes size asymmetry exacerbate the inefficiency of tax competition?
Han, Yutao UL; Pieretti, Patrice UL; Zou, Benteng UL

in Economics Letters (2014), 122

Many authors demonstrate that the tax gap resulting from tax competition increases with the size asymmetry of the competing countries. Consequently, increasing country-size disparities exacerbates the ... [more ▼]

Many authors demonstrate that the tax gap resulting from tax competition increases with the size asymmetry of the competing countries. Consequently, increasing country-size disparities exacerbates the inefficiency of tax competition. The aim of this note is to show that this classical view has no general validity, if we consider that countries compete not only in taxes, but also in the provision of infrastructure. The simple model we develop for this purpose demonstrates that the effect of size disparity on efficiency depends crucially on the degree of international capital mobility. [less ▲]

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See detailWho Makes, Who Breaks: Which Scientists Stay in Academe?
Balsmeier, Benjamin UL; Pellens, Maikel

in Economics Letters (2014), 122

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See detailThe Dynamics of Firms Location: A Revisit of Home Attachment under Tax Competition
Han, Yutao UL; Pieretti, Patrice UL; Zou, Benteng UL

in Economics Letters (2013), 121

In this short note we extend the home attachment setting of Mansoorian and Myers (1993) and Ogura (2006) to allow the study of tax competition in a dynamic framework when international business relocation ... [more ▼]

In this short note we extend the home attachment setting of Mansoorian and Myers (1993) and Ogura (2006) to allow the study of tax competition in a dynamic framework when international business relocation occurs over successive periods. The dynamic framework we propose also helps to understand why tax rates may change over time. Our modified home-attachment rule is illustrated by a simple model of dynamic tax competition in discrete time. [less ▲]

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See detailLow-quality leadership in a vertically differentiated duopoly with Cournot competition
Lambertini, Luca; Tampieri, Alessandro UL

in Economics Letters (2012), 115

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See detailLow-quality leadership in a vertically differentiated duopoly with Cournot competition
Tampieri, Alessandro UL; Lambertini, Luca

in Economics Letters (2012), 115

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See detail“Wacky” Patents Meet Economic Indicators
Czarnitzki, Dirk; Hussinger, Katrin UL; Schneider, Cedric

in Economics Letters (2011)

We investigate whether standard indicators can distinguish between ‘‘wacky’’ patents and a control group. Forward citations are good predictors of importance. However, ‘‘wacky’’ patents have higher ... [more ▼]

We investigate whether standard indicators can distinguish between ‘‘wacky’’ patents and a control group. Forward citations are good predictors of importance. However, ‘‘wacky’’ patents have higher originality, generality and citation lags, suggesting that these indicators should be interpreted carefully. [less ▲]

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See detailOn uncertainty when it affects successive markets
GABSZEWICZ, Jean J.; TAROLA, Ornella; Zanaj, Skerdilajda UL

in Economics Letters (2010), 106(2), 133-136

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See detailIncome mobility profiles
Van Kerm, Philippe UL

in Economics Letters (2009), 102(2), 93-95

An `income mobility profile' is a graphical tool to portray income mobility and identify the association between individual movements and initial status which, despite its importance when assessing the ... [more ▼]

An `income mobility profile' is a graphical tool to portray income mobility and identify the association between individual movements and initial status which, despite its importance when assessing the social relevance of mobility, is often discounted by aggregate mobility indices. [less ▲]

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See detailPre-empting Technology Competition through Firm Acquisition
Hussinger, Katrin UL; Grimpe, Christoph

in Economics Letters (2008)

This paper shows that firms engage in horizontal mergers and acquisitions to pre-empt competition in technology markets. Making use of the patent application procedure at the European Patent Office we ... [more ▼]

This paper shows that firms engage in horizontal mergers and acquisitions to pre-empt competition in technology markets. Making use of the patent application procedure at the European Patent Office we introduce a measure for potential entry barriers in technology markets. [less ▲]

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See detailCalibration of normalised CES production functions in dynamic models
Klump, Rainer UL; Saam, Marianne

in ECONOMICS LETTERS (2008), 99(2), 256-259

Normalising CES production functions allows to choose technology parameters of dynamic models in a plausible way and excludes arbitrary effects of changes in the elasticity of substitution. As an ... [more ▼]

Normalising CES production functions allows to choose technology parameters of dynamic models in a plausible way and excludes arbitrary effects of changes in the elasticity of substitution. As an illustration, the speed of convergence in the Ramsey model is considered. (C) 2007 Elsevier B.V. All rights reserved. [less ▲]

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See detailDo Inada conditions imply that production function must be asymptotically Cobb–Douglas? A comment
Litina, Anastasia UL; Palivos, Theodore

in Economics Letters (2008), 99

We correct an intermediate mistake in Barelli and Pessôa [Barelli P. and Pessôa S. de A., 2003, “Inada conditions imply that production function must be asymptotically Cobb–Douglas,” Economics Letters 81 ... [more ▼]

We correct an intermediate mistake in Barelli and Pessôa [Barelli P. and Pessôa S. de A., 2003, “Inada conditions imply that production function must be asymptotically Cobb–Douglas,” Economics Letters 81, 361–363] and show that the main result is still valid. We also show that Barelli and Pessôa wrongly identified the class of functions with elasticity of substitution asymptotically equal to one as the Cobb–Douglas class. [less ▲]

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See detailNational minimum wages, capital mobility, and global economic growth
Irmen, Andreas UL; Wigger, Berthold U.

in Economics Letters (2006), 90(2), 285-289

How do national minimum wages affect global economic growth? We address this question in a two-country endogenous growth model with capital mobility that emphasizes a link between wages, savings and ... [more ▼]

How do national minimum wages affect global economic growth? We address this question in a two-country endogenous growth model with capital mobility that emphasizes a link between wages, savings and growth. We identify the conditions on technology and national preferences that determine whether national minimum wages are a stimulus or an obstacle to growth. Technology matters because it determines the functional distribution of global income as well as output effects associated with the emergence of national unemployment due to minimum wages. Interestingly, differences in national savings propensities do not only affect the strength of the growth effect associated with minimum wages but may even determine its direction.<P>(This abstract was borrowed from another version of this item.) [less ▲]

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See detailElasticity of Substitution and Productivity, Capital and Skill Intensity Differences Across Firms
Dupuy, Arnaud UL; de Grip, Andries

in Economics Letters (2006)

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