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I can't forget about U: lifetime unemployment and retirement wellbeing 我不能忘记U:终身失业和退休福利
IF 1.6 3区 经济学
Economica Pub Date : 2025-08-18 DOI: 10.1111/ecca.70007
Andrew E. Clark, Anthony Lepinteur
{"title":"I can't forget about U: lifetime unemployment and retirement wellbeing","authors":"Andrew E. Clark,&nbsp;Anthony Lepinteur","doi":"10.1111/ecca.70007","DOIUrl":"https://doi.org/10.1111/ecca.70007","url":null,"abstract":"<p>It is well known that unemployment leaves scars after re-employment, but does this scarring effect persist even after retirement? We analyse European data on retirees from the SHARE panel, and show that the wellbeing of the retired continues to reflect the unemployment that they experienced over their working life. These scarring effects are somewhat smaller for older retirees, but larger for those who arguably had higher expectations regarding the labour market when they were active. The lower wellbeing from lifetime unemployment does not reflect lower retirement income. This long-run scarring for those who have left the labour market underlines that contemporaneous correlations significantly underestimate the wellbeing cost of unemployment.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"92 368","pages":"1083-1100"},"PeriodicalIF":1.6,"publicationDate":"2025-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144927755","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Just another cog in the machine? A worker-level view of robotization and tasks 只是机器上的另一个齿轮?机器人化和任务的工人级视图
IF 1.6 3区 经济学
Economica Pub Date : 2025-08-11 DOI: 10.1111/ecca.70006
Milena Nikolova, Anthony Lepinteur, Femke Cnossen
{"title":"Just another cog in the machine? A worker-level view of robotization and tasks","authors":"Milena Nikolova,&nbsp;Anthony Lepinteur,&nbsp;Femke Cnossen","doi":"10.1111/ecca.70006","DOIUrl":"https://doi.org/10.1111/ecca.70006","url":null,"abstract":"<p>Technological change has led to a decline in the share of routine and physical jobs, and a rise in the share of abstract and social ones at the economy level. However, much less is known about how these trends unfold at the individual level. Do workers' tasks become more or less routine and physical? Do workers shift towards more social and abstract activities? This paper is the first to explore these questions in the context of robotization. We use survey data from 20 European countries to develop worker-level indices of physical, routine, abstract and social tasks, which we link to industry-level robotization exposure. Using instrumental variable techniques, we find that robotization reduces physically demanding tasks but increases routine tasks, while also limiting opportunities for cognitively challenging work and human interaction. This study provides a worker-centric perspective on the relationship between technology and task composition, revealing insights that aggregate analyses miss.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"92 368","pages":"1101-1148"},"PeriodicalIF":1.6,"publicationDate":"2025-08-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecca.70006","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144927133","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Variable pay and work hours: does performance pay reduce the gender time gap? 可变工资和工作时间:绩效工资能缩小性别时间差距吗?
IF 1.6 3区 经济学
Economica Pub Date : 2025-07-29 DOI: 10.1111/ecca.70004
Mehrzad B. Baktash, John S. Heywood, Uwe Jirjahn
{"title":"Variable pay and work hours: does performance pay reduce the gender time gap?","authors":"Mehrzad B. Baktash,&nbsp;John S. Heywood,&nbsp;Uwe Jirjahn","doi":"10.1111/ecca.70004","DOIUrl":"https://doi.org/10.1111/ecca.70004","url":null,"abstract":"<p>Using German survey data, we show in worker fixed effects estimates that performance pay is associated with a substantially lower gender hours gap. While performance pay increases the work hours of both men and women, the increase is much larger for women than for men. We argue that our finding likely reflects differences in household production and specialization by gender. Thus, we show that performance pay is not associated with increased hours for men with children in the household. Yet, performance pay is associated with a very large increase in hours for women with children in the household.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"92 368","pages":"1149-1167"},"PeriodicalIF":1.6,"publicationDate":"2025-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecca.70004","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144927713","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A model of theft and bribery 盗窃和贿赂的典范
IF 1.6 3区 经济学
Economica Pub Date : 2025-07-19 DOI: 10.1111/ecca.70003
Desiree A. Desierto
{"title":"A model of theft and bribery","authors":"Desiree A. Desierto","doi":"10.1111/ecca.70003","DOIUrl":"https://doi.org/10.1111/ecca.70003","url":null,"abstract":"<p>Two of the most pervasive kinds of public corruption are theft and bribery. I show how a simple common agency model can simultaneously depict both. In one setting, a public official (agent) who has discretion over government revenues can steal some of it and allocate the rest to public spending towards various sectors (principals), some of whom can pay bribes in exchange. I find that there is a threshold level of revenues at and below which the official obtains bribes but does not steal revenues. She only starts stealing revenues above the threshold. In another setting, there are two political candidates (agents), each promising to allocate public spending to various groups of voters (principals), some of whom can pay bribes in exchange. Each candidate then uses the bribes and any government revenues that she expects to steal in office to buy some votes. I find that the candidate who would steal less revenues in office will obtain larger bribes, and vice versa, which suggests that bribe money and stolen revenues are substitute sources of (illicit) campaign funds.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"92 368","pages":"1247-1271"},"PeriodicalIF":1.6,"publicationDate":"2025-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecca.70003","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144927690","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Testing mixed strategies in the field: an experiment with soccer penalty kicks 在球场上测试混合策略:一个关于足球点球的实验
IF 1.6 3区 经济学
Economica Pub Date : 2025-07-13 DOI: 10.1111/ecca.70002
Juan Sentana
{"title":"Testing mixed strategies in the field: an experiment with soccer penalty kicks","authors":"Juan Sentana","doi":"10.1111/ecca.70002","DOIUrl":"https://doi.org/10.1111/ecca.70002","url":null,"abstract":"<p>I conduct a (quasi) field experiment in the soccer field with junior players to study if non-professionals satisfy the implications of mixed strategy equilibrium when repeatedly facing the same opponents in the penalty kick game. By having repeated observations on different pairs of soccer players, a rare situation in real life, I can not only deal with the heterogeneity of the optimal strategies across pairs of players, but also study possible interactions between the actions of the players. My empirical results are consistent with the theory, even though the least experienced goalkeepers tend to replicate each other's actions. Interestingly, when all pairs are erroneously treated as a homogeneous one, I find rejections of the equilibrium implications, highlighting the importance of heterogeneity for determining mixed strategy play at the non-professional level.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"92 368","pages":"1231-1246"},"PeriodicalIF":1.6,"publicationDate":"2025-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144927717","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A transparent approach to solving linear rational expectation models 一种求解线性理性期望模型的透明方法
IF 1.6 3区 经济学
Economica Pub Date : 2025-06-22 DOI: 10.1111/ecca.70001
Pontus Rendahl
{"title":"A transparent approach to solving linear rational expectation models","authors":"Pontus Rendahl","doi":"10.1111/ecca.70001","DOIUrl":"https://doi.org/10.1111/ecca.70001","url":null,"abstract":"<p>This paper proposes a simple iterative method—time iteration—to solve linear rational expectation models. I prove that this method converges to the desired stable solution, and provide the conditions under which the solution is unique. Apart from its transparency and simplicity of implementation, the method provides a straightforward approach to solving models with less standard features, such as regime-switching frameworks in which constraints may occasionally bind—for example, the zero lower bound.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"92 368","pages":"1211-1230"},"PeriodicalIF":1.6,"publicationDate":"2025-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecca.70001","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144927732","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
When mobility matters: a look at earnings dynamics across Italian generations 当流动性重要时:看看意大利几代人的收入动态
IF 1.6 3区 经济学
Economica Pub Date : 2025-06-11 DOI: 10.1111/ecca.70000
Francesca Subioli, Michele Raitano
{"title":"When mobility matters: a look at earnings dynamics across Italian generations","authors":"Francesca Subioli,&nbsp;Michele Raitano","doi":"10.1111/ecca.70000","DOIUrl":"https://doi.org/10.1111/ecca.70000","url":null,"abstract":"<p>Drawing on a matched survey–administrative dataset tracking careers from 1975 to 2018, we examine the trends in intragenerational earnings mobility in Italy over the past 40 years. We compare earnings trajectories from age 35 to age 45 via a refined version of the ‘income risk decomposition’ proposed by Austin Nichols in 2008, distinguishing between ‘good’ and ‘bad’ earnings mobility from an individual welfare perspective. Our findings reveal that the long-run trend of increasing cross-sectional earnings inequality in Italy has been accompanied by widening persistent disparities within the same generation. For all cohorts of workers, at least 80% of inequality is permanent, reaching nearly 90% for the most recent cohort. We also uncover that a substantial share of individuals—between 25% and 39%—do not benefit from stable upward income mobility during a crucial career phase. This issue has worsened over time, with the last ten cohorts experiencing higher income instability (<span></span><math>\u0000 <semantics>\u0000 <mrow>\u0000 <mo>+</mo>\u0000 <mn>20</mn>\u0000 <mo>.</mo>\u0000 <mn>2</mn>\u0000 </mrow>\u0000 <annotation>$$ +20.2 $$</annotation>\u0000 </semantics></math>%) and declining upward mobility (<span></span><math>\u0000 <semantics>\u0000 <mrow>\u0000 <mo>−</mo>\u0000 <mn>34</mn>\u0000 <mo>.</mo>\u0000 <mn>7</mn>\u0000 </mrow>\u0000 <annotation>$$ -34.7 $$</annotation>\u0000 </semantics></math>%), largely explained by the growing prevalence of atypical employment arrangements. Furthermore, using intragenerational Great Gatsby curves, we show that cohorts exposed to greater earnings inequality also face more persistent differences and reduced earnings growth, especially in the aftermath of the Great Recession.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"92 368","pages":"1168-1210"},"PeriodicalIF":1.6,"publicationDate":"2025-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144927801","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Babies and the macroeconomy 婴儿和宏观经济
IF 1.6 3区 经济学
Economica Pub Date : 2025-05-28 DOI: 10.1111/ecca.12585
Claudia Goldin
{"title":"Babies and the macroeconomy","authors":"Claudia Goldin","doi":"10.1111/ecca.12585","DOIUrl":"https://doi.org/10.1111/ecca.12585","url":null,"abstract":"<p>Fertility levels have decreased greatly in virtually every nation, but the timing of the decline has differed even among developed countries. In Europe, Asia and North America, total fertility rates (TFRs) of some nations dipped below the magic replacement figure of 2.1 as early as the 1970s. But in other nations, fertility rates remained substantial until the 1990s, plummeting subsequently. This paper addresses why some countries in Europe and Asia with moderate fertility levels in the 1980s have become the ‘lowest low’ nations today (TFRs less than 1.3), whereas those that decreased earlier have not. Also addressed is why the crossover point for the two groups of nations was around the 1980s and 1990s. An important factor that distinguishes the two groups is their economic growth in the decades after the Second World War, especially the 1960s and 1970s. Countries with ‘lowest low’ fertility rates today experienced rapid growth in GDP per capita after a long period of stagnation or decline. They were catapulted into modernity, but the beliefs, values and traditions of their citizens changed more slowly. Thus swift economic change may lead to both generational and gendered conflicts that result in a rapid decrease in TFR.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"92 367","pages":"675-700"},"PeriodicalIF":1.6,"publicationDate":"2025-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144256481","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
In-group bias in preferences for redistribution: a survey experiment in Italy 再分配偏好中的群体内偏见:意大利的一项调查实验
IF 1.6 3区 经济学
Economica Pub Date : 2025-05-25 DOI: 10.1111/ecca.12584
Riccardo Bruni, Alessandro Gioffré, Maria Marino
{"title":"In-group bias in preferences for redistribution: a survey experiment in Italy","authors":"Riccardo Bruni,&nbsp;Alessandro Gioffré,&nbsp;Maria Marino","doi":"10.1111/ecca.12584","DOIUrl":"https://doi.org/10.1111/ecca.12584","url":null,"abstract":"<p>Using a new survey and experimental data, we investigate how information on inequality and immigration affects preferences for redistribution in Italy. Our analysis addresses both the economic and cultural dimensions of immigration, showing that, in general, preferences for redistribution are inelastic to new information. However, we find that providing information about the native–immigrant composition of poverty reduces exclusionary redistributive preferences. Specifically, when respondents learn that poverty among natives is lower than they had previously believed, they are less likely to prioritize natives and exclude immigrants from receiving welfare benefits. This provides evidence of an economic in-group bias in redistribution preferences. Heterogeneous treatment effects also reveal the presence of a cultural in-group bias among certain sociodemographic groups.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"92 367","pages":"1009-1080"},"PeriodicalIF":1.6,"publicationDate":"2025-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecca.12584","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144256505","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Asymmetric markup responses to monetary shocks over the business cycle 商业周期中对货币冲击的不对称加价反应
IF 1.6 3区 经济学
Economica Pub Date : 2025-05-18 DOI: 10.1111/ecca.12581
Nicolás Blampied, Scott Mark Romeo Mahadeo
{"title":"Asymmetric markup responses to monetary shocks over the business cycle","authors":"Nicolás Blampied,&nbsp;Scott Mark Romeo Mahadeo","doi":"10.1111/ecca.12581","DOIUrl":"https://doi.org/10.1111/ecca.12581","url":null,"abstract":"<p>A rich literature has long studied the asymmetric effects of monetary policy over the business cycle, generally presenting mixed results. Most of the empirical work, however, focuses on the responses of output and prices. Our analysis centres on the dynamics of the markup, given the key role that it plays in the transmission of monetary policy, the fact that it constitutes a key leading indicator for predicting economic and financial crises, its direct relationship with income distribution, and the scarce studies on the subject. Recent empirical findings suggest that the markup decreases (increases) in response to a monetary policy tightening (easing) shock, a counterintuitive result if we consider the basic New Keynesian model, which delivers a countercyclical response of the markup conditional on a monetary shock. We show that the dynamics of the markup depend on whether the monetary policy shock takes place during a period of expansion or recession, with the markup responding as expected in the New Keynesian model in recessions, but failing to do so in expansions. Our results have important policy implications, providing evidence that the transmission mechanism of monetary policy through the markup would not be operative during booms.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"92 367","pages":"757-782"},"PeriodicalIF":1.6,"publicationDate":"2025-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecca.12581","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144255970","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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