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11.
David E. Bloom David Canning Günther Fink Jocelyn E. Finlay 《Journal of Economic Growth》2009,14(2):79-101
We estimate the effect of fertility on female labor force participation in a panel of countries using abortion legislation
as an instrument for fertility. We find that removing legal restrictions on abortion significantly reduces fertility and estimate
that, on average, a birth reduces a woman’s labor supply by almost 2 years during her reproductive life. Our results imply
that behavioral change, in the form of increased female labor supply, contributes significantly to economic growth during
the demographic transition when fertility declines.
相似文献
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Several international investment theories hold that production costs in developing countries should be lower than in developed countries for facilities that utilize globally standardized production technology and semi-skilled labor. This analysis tests this expectation by estimating the relative production costs in a North Carolina site and a Yucatan site of a sewn bag and case manufacturer. Interestingly, no overall location cost advantage is found for the Yucatan site. 1997 John Wiley & Sons, Inc. 相似文献
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The authors treat racial diversity of the student body at both the college of business and the institutional level as an input into the undergraduate business school productive process, and find that diversity is positively related to improved student starting salary outcomes. The effects are meaningful—a 1-SD in increase in student racial diversity implies a six- to seven-place increase in salary rank among the 90 schools for which the authors have data. 相似文献
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Empirica - We examine the gender wage gap in Austria from 2005 to 2017 using data from EU-SILC. The raw gap of hourly wages declined from 18.6 log points in 2005 to 14.9 log points in 2017. We use... 相似文献
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This article examines the importance of term structure variables in the hedging of mortgage‐backed securities (MBS) with Treasury futures. Koutmos, G., Kroner, K., and Pericli, A. (1998) find that the optimal hedge ratio is time varying; we determine the effect of yield levels and slopes on this variation. As these variables are closely tied with mortgage refinancing, intuition suggests them to be relevant determinants of the hedge ratio. It was found that a properly specified model of the time varying hedge ratio that excludes the level and slope of the yield curve from the information set would provide similar out‐of‐sample hedging results to a model in which term structure information is included. Thus, both the level of interest rates and the slope of the yield curve are unimportant variables in determining the empirically optimal hedge ratio between MBS and Treasury futures contracts. © 2005 Wiley Periodicals, Inc. Jrl Fut Mark 25:661–678, 2005 相似文献
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Implied volatility indices are an important measure for ‘market fear’ and well-known in academia and practice. Correlation is still paid less attention even though the CBOE started to calculate implied correlation indices for the S&P500 in 2009. However, the literature especially on cross-country dependencies and applications is still quite thin. We are closing this gap by constructing an implied correlation index for the DAX and taking a deeper look at the (intercontinental) relationship between equity, volatility and correlation indices. Additionally, we show that implied correlation could improve implied volatility forecasting. 相似文献