Research in Economics最新文献

Regime-dependent health care employment dynamics in recessions

IF 1.2

Research in Economics Pub Date : 2025-02-08 DOI: 10.1016/j.rie.2025.101036

Luiggi Donayre, Lacey Loomer

{"title":"Regime-dependent health care employment dynamics in recessions","authors":"Luiggi Donayre, Lacey Loomer","doi":"10.1016/j.rie.2025.101036","DOIUrl":"10.1016/j.rie.2025.101036","url":null,"abstract":"<div><div>We relax the assumption that recessions are all alike in studying whether U.S. health care employment is recession-proof. Because health care services are inelastic and largely driven by costs, we argue that economic conditions influence health care employment only to the extent that they significantly affect health care wage growth. Using U.S. monthly data for 1990–2022, we estimate a threshold vector autoregression that allows for regime-dependent negative demand and negative supply shocks in examining the response of health care employment growth in recessionary periods. When wage growth is high as determined by an endogenously-estimated threshold, we find a large and significant reduction in health care employment growth during demand-induced recessions and a smaller decline during supply-induced recessions. Meanwhile, health care employment growth does not respond significantly to negative demand or supply shocks in the low-cost regime. Further, a disaggregated analysis evidences large heterogeneity across sub-sectors. In this way, our findings reveal that both the source of the shock and health care wage growth are important in explaining health care employment dynamics. Thus, health care organizations that are more labor cost efficient will be more insulated from economic disruptions.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 2","pages":"Article 101036"},"PeriodicalIF":1.2,"publicationDate":"2025-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143378781","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Relative age, college satisfaction, and student perceptions of skills gained

IF 1.2

Research in Economics Pub Date : 2025-02-03 DOI: 10.1016/j.rie.2025.101037

P. Wesley Routon , Jay K. Walker

{"title":"Relative age, college satisfaction, and student perceptions of skills gained","authors":"P. Wesley Routon , Jay K. Walker","doi":"10.1016/j.rie.2025.101037","DOIUrl":"10.1016/j.rie.2025.101037","url":null,"abstract":"<div><div>School starting age policies typically result in academic cohorts where the oldest students are approximately a full year older than their youngest peers. A student’s relative age in their cohort has been shown to have significant effects on a growing list of outcomes, academic and non-academic. On average, relatively older students have been found to perform better in school, particularly during early education. Some evidence exists they continue to fare better in post-college labor markets. Soft skills, satisfaction with education, and collegiate differentials, generally, have received less attention. Using a sample of students from hundreds of U.S. colleges and universities, we estimate the effects of relative age on student satisfaction with higher education and their perceived gains in 13 knowledge and skill categories during undergraduate tenure. College GPAs are also examined. Controlling for other factors, relatively older students report smaller gains in a large number of skill and knowledge categories. In none of the categories available for analysis do they report higher average gains. This does not appear due to academic achievement or involvement, as they also earn similar grades, on average, and report feeling similarly satisfied with their overall collegiate experience and instruction specifically. Thus, while relatively older students earn similar grades and leave college no less satisfied, they perceive to have benefited less from higher education in terms of skill and knowledge gains.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 2","pages":"Article 101037"},"PeriodicalIF":1.2,"publicationDate":"2025-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143350670","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Persistent impacts of the COVID-19 pandemic on student outcomes in Italy

IF 1.2

Research in Economics Pub Date : 2025-02-01 DOI: 10.1016/j.rie.2025.101031

Léonard Moulin , Mara Soncin

引用次数: 0

Fertility decline and tax revenues in South Korea

IF 1.2

Research in Economics Pub Date : 2025-01-31 DOI: 10.1016/j.rie.2025.101025

Joan E. Madia , Francesco Moscone , Asieh Hosseini Tabaghdehi , Jong-Chol An , Changkeun Lee

{"title":"Fertility decline and tax revenues in South Korea","authors":"Joan E. Madia , Francesco Moscone , Asieh Hosseini Tabaghdehi , Jong-Chol An , Changkeun Lee","doi":"10.1016/j.rie.2025.101025","DOIUrl":"10.1016/j.rie.2025.101025","url":null,"abstract":"<div><div>This study investigates the link between taxation and fertility in South Korea, focusing on the historical period surrounding the mid-70s tax reforms. The longstanding decline in fertility rates has been widely discussed in relation to factors such as increasing human capital, women’s employment, and rising housing costs, leading couples to postpone or forego childbearing decisions. However, less attention has been paid to how tax policies that influence disposable income and economic planning horizons could indirectly affect fertility choices. While taxation is crucial for funding social security systems, policies that reduce household resources without considering demographic impacts may have unintended consequences on population dynamics. Using a time-series of country-year from the World Bank, we exploit South Korea’s major mid-1970s tax reforms as a natural experiment to test the hypothesis that higher tax burdens also contributed to reducing fertility over the subsequent decades. The results suggest considerable negative effect of the mid-1970s tax reforms on fertility in South Korea. This macro-analysis shows tax policies can influence population dynamics, but lacks insight into how tax changes affected childbearing decisions at the household level. Future micro-level studies could reveal mechanisms linking tax policies and fertility behavior. Still, this study highlights potential demographic impacts of taxation policies. Policymakers should consider such consequences when modifying tax systems, especially policies related to family resources and child affordability.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 2","pages":"Article 101025"},"PeriodicalIF":1.2,"publicationDate":"2025-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143135590","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Remittance and economic growth nexus in BRICS countries: Evidence from PSTR with endogeneity

IF 1.2

Research in Economics Pub Date : 2025-01-30 DOI: 10.1016/j.rie.2025.101032

Kalandi Charan Pradhan , Lingaraj Mallick , Kalu Naik

{"title":"Remittance and economic growth nexus in BRICS countries: Evidence from PSTR with endogeneity","authors":"Kalandi Charan Pradhan , Lingaraj Mallick , Kalu Naik","doi":"10.1016/j.rie.2025.101032","DOIUrl":"10.1016/j.rie.2025.101032","url":null,"abstract":"<div><div>This study evaluates threshold impact of remittances on economic growth based on data for a sample of BRICS countries for the period 1994–2018. In doing so, we employ Panel Smooth Transition Regression (PSTR), which captures both heterogeneity and nonlinearity of smooth transition in estimated coefficients from one extreme to another regime. Based on the PSTR model results, the threshold of remittance ranges between 4.82 and 30.65 % for remittance percentage of GDP (RPG) in BRICS countries. Similarly, threshold estimated value of remittance varies from 27.45 to 30.76 % for the remittances received to paid ratio (RRP). We obtained extreme lower and extreme higher regimes characterized by smooth and sharp transitions in growth-remittances nexus conditional upon control variables for RPG under CG and L-BFGS-B algorithms, respectively. The findings suggest that remittance has a positive impact on economic growth under lower regime and negative impact under higher regime. As per the regression results, remittance has positive impact on economic growth below the estimated threshold whereas above the threshold remittance has negative consequences on economic growth. In addition, investment from abroad becomes growth neutral beyond the threshold. However, below the threshold foreign direct investment improves economic growth. In contrast, gross fixed capital formation substantially accelerates economic growth irrespective of extreme regimes underestimated threshold. Nevertheless, findings of trade balance impact on economic growth is estimated to be negative when it crosses the threshold of remittance. This study offers conspicuous policy suggestions based on the non-linear nexus of remittance and economic growth for BRICS countries.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 2","pages":"Article 101032"},"PeriodicalIF":1.2,"publicationDate":"2025-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143360802","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The effect of mandated savings on private consumption: Evidence from Israel's pension reform

IF 1.2

Research in Economics Pub Date : 2025-01-30 DOI: 10.1016/j.rie.2025.101038

Roni Frish

引用次数: 0

Globalizing green innovation: Impact on green GDP and pathways to sustainability

IF 1.2

Research in Economics Pub Date : 2025-01-29 DOI: 10.1016/j.rie.2025.101042

Muhammad Nadir Shabbir , Duong Thuy Linh

引用次数: 0

Bridging the divide: Exposing the intriguing link between international reserves and environmental status through the inverted U-shaped relationship

IF 1.2

Research in Economics Pub Date : 2025-01-27 DOI: 10.1016/j.rie.2025.101041

Aissa Djedaiet , Hicham Ayad , Salim Bourchid Abdelkader

{"title":"Bridging the divide: Exposing the intriguing link between international reserves and environmental status through the inverted U-shaped relationship","authors":"Aissa Djedaiet , Hicham Ayad , Salim Bourchid Abdelkader","doi":"10.1016/j.rie.2025.101041","DOIUrl":"10.1016/j.rie.2025.101041","url":null,"abstract":"<div><div>The BRICS countries have a significant influence on global environmental issues, ranking among the world's top polluters. Similarly, they possess the world's largest foreign exchange reserves. Nevertheless, this intriguing intertwining has not been investigated. This research gap inspired the study to examine how environmental conditions react to the accumulation of international reserves and to explore the potential existence of an inverted U-shaped relationship between 1993 and 2020. The empirical findings using Method of Moments Quantile Regression (MMQR) indicate an inverted U-shaped relationship between international reserves and environmental degradation in the BRICS countries. Initially, reserve accumulation is harmful to the environment, suggesting a prioritization of reserve accumulation over environmental sustainability. However, once a certain level is reached, reserves start to help protect the environment. Additional findings reveal that nonrenewable energy consumption, GDP, and population negatively affect the environment, whereas exports have a positive influence. The impact of FDI, however, is inconsistent and frequently lacks significance over time. Furthermore, the causality analysis supports all of the aforementioned findings.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 1","pages":"Article 101041"},"PeriodicalIF":1.2,"publicationDate":"2025-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143103980","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The effect of a skilled workforce on price levels

IF 1.2

Research in Economics Pub Date : 2025-01-27 DOI: 10.1016/j.rie.2025.101035

Roni Frish

引用次数: 0

Examining the role of environmental tax, green innovation, and digital financial inclusion for energy transition: Evidence from OECD countries

IF 1.2

Research in Economics Pub Date : 2025-01-26 DOI: 10.1016/j.rie.2025.101034

Thai Hong Le, Minh Lam Mai, Mai Quynh Thi Nguyen, Anh Phuong Nguyen, Chi Phuong Do

引用次数: 0