Journal of Economic Surveys最新文献

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Human capital in Europe, 1830s–1930s: A general survey 19世纪30年代至30年代欧洲人力资本概况
2区 经济学
Journal of Economic Surveys Pub Date : 2023-10-30 DOI: 10.1111/joes.12589
Gabriele Cappelli, Leonardo Ridolfi, Michelangelo Vasta, Johannes Westberg
{"title":"Human capital in Europe, 1830s–1930s: A general survey","authors":"Gabriele Cappelli, Leonardo Ridolfi, Michelangelo Vasta, Johannes Westberg","doi":"10.1111/joes.12589","DOIUrl":"https://doi.org/10.1111/joes.12589","url":null,"abstract":"Abstract Human capital is now widely acknowledged as one of the key determinants of economic growth. Research on how human skills accumulate and evolve through time has grown rapidly in recent years. This paper surveys it with a specific focus on Europe in the period 1830s–1930s. Our contribution is threefold: First, we find that the lack of fine‐grain spatial and (at the same time) harmonized data is preventing research on some important aspects of rising education. Second, we provide a preliminary taxonomy of European school acts and reforms in the 19th and early‐20th century. Finally, we present the first version of a dataset under construction, which aims at providing spatial data covering gross enrollment rates and literacy across European regions from c. 1830 to 1930. Our preliminary results show that, in c. 1850, educational clusters appear to have often crossed national borders. By contrast, the effect of national institutions and regulations seems to have become an important determinant of schooling (and literacy) rates on the eve of the 20th century.","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":"95 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136023305","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Consumers' macroeconomic expectations 消费者的宏观经济预期
IF 5.3 2区 经济学
Journal of Economic Surveys Pub Date : 2023-10-25 DOI: 10.1111/joes.12590
Lena Dräger, Michael J. Lamla
{"title":"Consumers' macroeconomic expectations","authors":"Lena Dräger,&nbsp;Michael J. Lamla","doi":"10.1111/joes.12590","DOIUrl":"10.1111/joes.12590","url":null,"abstract":"<p>After the financial crisis of 2008, central banks around the world have increased their communication efforts to reach consumers, with the aim of both guiding and anchoring their inflation expectations. For the expectations channel of monetary policy to work as intended, central banks need a thorough understanding of the formation process of expectations by the general public and of the relationship between expectations and economic choices. This warrants reliable and detailed data on consumers' expectations of macroeconomic variables such as inflation or interest rates. We, thus, survey the available survey data and issues regarding the measurement of macroeconomic expectations. Furthermore, we discuss the research frontier on important aspects of the expectations channel: We evaluate the evidence on whether expectations are formed consistently with standard macroeconomic relationships, discuss the insights with respect to the anchoring of inflation expectations, explore the role of narratives and preferences and lastly, we survey the research on causal effects of central bank communication on expectations and economic choices.</p>","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":"38 2","pages":"427-451"},"PeriodicalIF":5.3,"publicationDate":"2023-10-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/joes.12590","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135218171","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
The determinants of child stunting and shifts in the growth pattern of children: A long‐run, global review 儿童发育迟缓的决定因素和儿童生长模式的转变:一项长期的全球回顾
2区 经济学
Journal of Economic Surveys Pub Date : 2023-10-19 DOI: 10.1111/joes.12591
Eric B. Schneider
{"title":"The determinants of child stunting and shifts in the growth pattern of children: A long‐run, global review","authors":"Eric B. Schneider","doi":"10.1111/joes.12591","DOIUrl":"https://doi.org/10.1111/joes.12591","url":null,"abstract":"Abstract This article explores how child growth has changed over the past 150 years and links changes in child growth to the recent decline in child stunting in low‐ and middle‐income countries (LMICs). The article begins by defining the four characteristics of the growth pattern in height: size at birth, size at adulthood, the timing of the pubertal growth spurt, and the speed of maturation. It then shows how these characteristics have changed over time and links these characteristics to child stunting. Stunted children are too short for their age relative to healthy standards, and their share in the population is used as an indicator of malnutrition in LMICs today. The article then surveys the literature on the causes of changes in the growth pattern and reductions in child stunting, comparing research on current LMICs with historical research on current high‐income countries (HICs) in the past. To limit the scope of the contemporary literature, I focus on explanations of the so‐called “Indian enigma:” why Indian children are shorter than sub‐Saharan African children despite India's lead in many indicators of economic development. The article closes with ideas for what historical and contemporary researchers can learn from one another.","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":"68 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135730819","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
The interrelationship between the COVID-19 pandemic and conflict behavior: A survey COVID-19 大流行与冲突行为之间的相互关系:一项调查
IF 5.9 2区 经济学
Journal of Economic Surveys Pub Date : 2023-09-26 DOI: 10.1111/joes.12587
Subhasish M. Chowdhury, Senjuti Karmakar
{"title":"The interrelationship between the COVID-19 pandemic and conflict behavior: A survey","authors":"Subhasish M. Chowdhury,&nbsp;Senjuti Karmakar","doi":"10.1111/joes.12587","DOIUrl":"10.1111/joes.12587","url":null,"abstract":"<p>We review the literature in economics and related fields on the relationship between the COVID-19 pandemic and conflict behavior. Our survey covers the effects of the pandemic on individual-level conflict, group-level conflict, and the impact of existing conflict on the spread of the pandemic. We found an increase in intimate partner violence and a spillover between work-family conflict and domestic violence. Additionally, there was a spike in anti-East-Asian hate crimes. While the group-level conflict counts initially dropped, those eventually returned to pre-pandemic levels. The deteriorating economy and food insecurity associated with the pandemic were major drivers of conflict in developing countries, but appropriate state stimulus reduced such conflicts. The existing history of conflict had a heterogeneous effect on the spread of the pandemic in different societies. We conclude by highlighting future research avenues.</p>","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":"38 4","pages":"1473-1489"},"PeriodicalIF":5.9,"publicationDate":"2023-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/joes.12587","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135718949","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Unemployment and health: A meta-analysis 失业与健康:荟萃分析
IF 5.9 2区 经济学
Journal of Economic Surveys Pub Date : 2023-09-22 DOI: 10.1111/joes.12588
Matteo Picchio, Michele Ubaldi
{"title":"Unemployment and health: A meta-analysis","authors":"Matteo Picchio,&nbsp;Michele Ubaldi","doi":"10.1111/joes.12588","DOIUrl":"10.1111/joes.12588","url":null,"abstract":"<p>This paper reports a meta-analysis of the relationship between unemployment and health. Our meta-dataset consisted of 327 study results taken from 65 articles published in peer-reviewed journals between 1990 and 2021. We found that publication bias is important, but only for those study results obtained by means of difference-in-differences or instrumental variables estimators. On average, the effect of unemployment on health is negative, but quite small in terms of partial correlation coefficients. We investigated whether the findings were heterogeneous across several research dimensions. We found that unemployment has the strongest impact on the psychological domains of health and long-term unemployment spells are more detrimental than short-term ones. Furthermore, women are less affected, studies dealing with endogeneity issues find smaller effects and the health penalty is increasing with unemployment rate.</p>","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":"38 4","pages":"1437-1472"},"PeriodicalIF":5.9,"publicationDate":"2023-09-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/joes.12588","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136061817","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
How much capital should be taxed? A review of the quantitative and empirical literature 应该对多少资本征税?定量和实证文献综述
IF 5.9 2区 经济学
Journal of Economic Surveys Pub Date : 2023-09-08 DOI: 10.1111/joes.12586
Luca Spataro, Tommaso Crescioli
{"title":"How much capital should be taxed? A review of the quantitative and empirical literature","authors":"Luca Spataro,&nbsp;Tommaso Crescioli","doi":"10.1111/joes.12586","DOIUrl":"10.1111/joes.12586","url":null,"abstract":"<p>This paper reviews the literature providing quantitative and empirical results on capital taxation. In doing this, we differentiate between individual and corporate taxes, respectively. From existing literature, it emerges that capital income taxes for individuals increase with the degree of heterogeneity within the population, market competition, and the economy's maturity, being negative (i.e., subsidy) in the presence of monopolistic competition or developing countries, no higher than 15% in Mirrleesian economies and as high as 45% when coupled with incomplete insurance markets and labor income taxes in competitive-closed economies. Excessively high wealth tax rates for redistributive purposes, however, are prevented by the larger tax elasticity of rich (−1.15) with respect to poor (−0.09) individuals. Negative tax elasticities concerning employment (from −0.5 to −0.2), innovation (from −2.8 to −1.3), and investments (−4.7) suggest low corporate taxes, whose magnitude should be negatively related to the degree of the economy's openness, given also the possibility for firms to relocate abroad. Finally, although still inconclusive, the main conclusions concerning dividend taxes suggest that tax rates increase with the firm's size and, thus, be set at low levels for start-ups.</p>","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":"38 4","pages":"1399-1436"},"PeriodicalIF":5.9,"publicationDate":"2023-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/joes.12586","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136362340","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Financial crime and punishment: A meta-analysis 金融犯罪与惩罚:元分析
IF 5.9 2区 经济学
Journal of Economic Surveys Pub Date : 2023-09-08 DOI: 10.1111/joes.12580
Laure de Batz, Evžen Kočenda
{"title":"Financial crime and punishment: A meta-analysis","authors":"Laure de Batz,&nbsp;Evžen Kočenda","doi":"10.1111/joes.12580","DOIUrl":"10.1111/joes.12580","url":null,"abstract":"<p>We provide the first quantitative synthesis of the literature on how financial markets react to the disclosure of financial crimes committed by listed firms. While consensus expects negative returns, the exact size of the effect is far from clear. We survey 111 studies published over three decades, from which we collect 480 estimates from event studies. Then, we perform a thorough meta-analysis based on the most recent available techniques. We show that the negative abnormal returns found in the literature seem to be exaggerated by more than three times. Hence, the “punishment” effect, including a reputational penalty, suffers from a serious publication bias. After controlling for this bias, negative abnormal returns suggest the existence of an informational effect. We also document that accounting frauds, crimes committed in common-law countries such as the United States, and allegations are particularly severely sanctioned by financial markets, while the information channels and types of procedures do not influence market reactions.</p>","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":"38 4","pages":"1338-1398"},"PeriodicalIF":5.9,"publicationDate":"2023-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136361780","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
What is the value of data? A review of empirical methods 数据的价值是什么?经验方法综述
IF 5.9 2区 经济学
Journal of Economic Surveys Pub Date : 2023-08-18 DOI: 10.1111/joes.12585
Diane Coyle, Annabel Manley
{"title":"What is the value of data? A review of empirical methods","authors":"Diane Coyle,&nbsp;Annabel Manley","doi":"10.1111/joes.12585","DOIUrl":"10.1111/joes.12585","url":null,"abstract":"<p>With the growing use of digital technologies, data have become core to many organizations’ decisions, with its value widely acknowledged across public and private sectors. Yet few comprehensive empirical approaches to establishing the value of data exist, and there is no consensus about which methods should be applied to specific data types or purposes. This paper examines a range of data valuation methodologies proposed in the existing literature. We propose a typology linking methods to different data types and purposes.</p>","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":"38 4","pages":"1317-1337"},"PeriodicalIF":5.9,"publicationDate":"2023-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/joes.12585","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86575820","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Business cycle accounting: What have we learned so far? 商业周期会计:我们迄今学到了什么?
IF 5.9 2区 经济学
Journal of Economic Surveys Pub Date : 2023-08-16 DOI: 10.1111/joes.12581
Pedro Brinca, João Ricardo Costa Filho, Francesca Loria
{"title":"Business cycle accounting: What have we learned so far?","authors":"Pedro Brinca,&nbsp;João Ricardo Costa Filho,&nbsp;Francesca Loria","doi":"10.1111/joes.12581","DOIUrl":"10.1111/joes.12581","url":null,"abstract":"<p>What drives recessions and expansions? Since it was introduced in 2007, there have been hundreds of business cycle accounting (BCA) exercises, a procedure aimed at identifying classes of models that hold quantitative promise to explain economic fluctuations. This paper contributes with a software—a graphical user interface that allows practitioners to perform BCA exercises with minimal effort—and exemplifies the procedure by studying the U.S. recessions in 1973 and 1990 and reflecting upon the critiques BCA has been subject to. We look into the many equivalence theorems that the literature has produced and that allow BCA practitioners to identify the theories that are quantitatively relevant for the economic period under study. The methodological extensions that have been brought forth since BCA's original inception are addressed as well as conclusions regarding the relative contribution of each wedge: GDP and investment are usually driven by an efficiency wedge, hours worked are closely related to the labor wedge and, in an open economy extension, the investment wedge helps to explain country risk spreads on international bonds. Finally, larger changes in interest rates and currency crises are usually associated with the investment and/or the labor wedge.</p>","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":"38 4","pages":"1276-1316"},"PeriodicalIF":5.9,"publicationDate":"2023-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79329260","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Finance and intelligence: An overview of the literature 金融与情报:文献综述
IF 5.3 2区 经济学
Journal of Economic Surveys Pub Date : 2023-08-12 DOI: 10.1111/joes.12583
Nicolas Eber, Patrick Roger, Tristan Roger
{"title":"Finance and intelligence: An overview of the literature","authors":"Nicolas Eber,&nbsp;Patrick Roger,&nbsp;Tristan Roger","doi":"10.1111/joes.12583","DOIUrl":"10.1111/joes.12583","url":null,"abstract":"<p>Do more intelligent investors take better economic decisions than less intelligent ones? Is risk attitude, in particular risk/loss aversion, linked to cognitive ability? Does an investor's cognitive ability impact his/her patience? Is financial performance positively linked to investor's intelligence? These research questions have become highly relevant with the development of behavioral economics and behavioral finance, following the recognition that humans are not homo economicus. This paper reviews the several strands of literature devoted to answering the above questions. We first discuss the barely debated definitions and measures of intelligence/cognitive ability used in psychology, economics, and finance. We then review the results related to the (controversial) link between risk aversion and cognitive ability. We observe that the literature provides clear results for patience; individuals with a higher level of cognitive ability being more patient on average. Finally, we review the contributions linking (successfully or not) portfolio choice and financial performance to cognitive ability.</p>","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":"38 2","pages":"503-554"},"PeriodicalIF":5.3,"publicationDate":"2023-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77314366","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
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