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The long-term effects of labor market entry in a recession : evidence from the Asian financial crisis
Choi, Eleanor Jawon; Choi, Jaewoo; Son, Hyelim - 2020
This study investigates the long-term effects of initial labor market conditions by comparing cohorts who graduated from college before, during, and after the 1997-1998 Asian financial crisis in South Korea. We measure the overall welfare effect by examining their labor market activities, family...
Persistent link: https://www.econbiz.de/10012179332
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Transmission of US and EU economic policy uncertainty shock to Asian economies in bad and good times
Balcilar, Mehmet; Ozdemir, Zeynel Abidin; Ozdemir, Huseyin - 2020
This study empirically examines the fragility of five major Asian economies (China, Hong Kong, India, Japan, and South Korea) to economic policy uncertainty (EPU) of US and EU, and oil prices in different state of the economies. To investigate these dynamics, we use the relative tail dependence...
Persistent link: https://www.econbiz.de/10012226632
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COVID-19 and employment in South Korea: trends and comparison with the 2008 Financial Crisis
Nam, Minhyuk; Lee, Soohyung - 2021
We examine the impact of COVID-19 on employment in South Korea as of June 2020. To estimate the causal effect, we use two complementary methods. First, using individual-level data without residence information, we estimate the effects by controlling for detailed characteristics of individuals....
Persistent link: https://www.econbiz.de/10012431574
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Inequality in EU crisis countries : how effective were automatic stabilisers?
Callan, Tim; Doorley, Karina; Savage, Michael - 2018
The Great Recession and the widespread adoption of fiscal austerity policies have heightened concern about inequality and how well tax-benefit systems redistribute. We examine how the distribution of income in the EU countries which were hardest hit during the recession evolved over this time....
Persistent link: https://www.econbiz.de/10011821286
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Did Latvia's public works program mitigate the impact of the 2008 - 2010 crisis?
Azam, Mehtabul; Ferré, Céline; Ajwad, Mohamed I. - 2012
To mitigate the impact of the 2008-2010 global financial crisis on vulnerable households, the Government of Latvia established Workplaces with Stipends, an emergency public works program that targeted registered unemployed people who were not receiving unemployment benefits. This paper evaluates...
Persistent link: https://www.econbiz.de/10009575099
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Can crises affect citizen activism? : evidence from a pandemic
Afridi, Farzana; Basistha, Ahana; Dhillon, Amrita; … - 2024
We consider the largely unexpected shock caused by the second wave of the COVID-19 pandemic in India to assess whether major crises that impact the well-being of a large number of individuals can be catalysts for civic activism. Exploiting state-level variation in COVID-19 peaks and...
Persistent link: https://www.econbiz.de/10014507577
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Economic reform, informal-formal sector linkages and intervention in the informal sector in developing countries : a paradox
Arvin-Rad, Hassan; Basu, Arnab K.; Willumsen, Maria … - 2010
Within a general equilibrium framework of a developing economy with a foreign owned factor of production, this paper questions whether the informal-formal sector relationship is procyclical/ complementary - expansion or contraction in one necessarily implies an expansion or contraction in the...
Persistent link: https://www.econbiz.de/10009013021
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Unemployment compensation and the allocation of labor in developing countries
Charlot, Olivier; Malherbet, Franck; Ulus, Mustafa - 2013
This paper studies the effects of the introduction of unemployment compensation (UC) in countries characterized by pervasive informality. We provide a simple framework to analyze the impact of UC on the allocation of workers between formal and informal activities, as well as the allocation of...
Persistent link: https://www.econbiz.de/10009717080
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How successful are banking sector reforms in emerging market economies? : evidence from impact of monetary policy on levels and structures of firm debt in India
Bhaumik, Sumon Kumar; Kutan, Ali Mustafa; Majumdar, Sudipa - 2016
Many emerging markets have undertaken significant financial sector reforms especially in their banking sectors that have been quite critical for both financial development and real economic activity. In this paper, we investigate the success of banking reforms in India where significant banking...
Persistent link: https://www.econbiz.de/10011493763
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Industrialization under medieval conditions? : global development after COVID-19
Naudé, Wim - 2020
- innovation and trade - are in danger of being compromised by the COVID-19 pandemic, under conditions increasingly reminiscent of … the medieval world. It comes at a time when innovation had already been stagnating under guild-like corporate …. The COVID-19 pandemic may cause a permanent reduction in innovation and entrepreneurship and may even bring the 4th …
Persistent link: https://www.econbiz.de/10012306216