Journal of Economic Surveys最新文献

筛选
英文 中文
Behavioral finance: Evolution from the classical theory and remarks 行为金融学:从经典理论和评论的演变
IF 5.3 2区 经济学
Journal of Economic Surveys Pub Date : 2023-11-16 DOI: 10.1111/joes.12593
Roberto Arturo Agudelo Aguirre, Alberto Antonio Agudelo Aguirre
{"title":"Behavioral finance: Evolution from the classical theory and remarks","authors":"Roberto Arturo Agudelo Aguirre, Alberto Antonio Agudelo Aguirre","doi":"10.1111/joes.12593","DOIUrl":"https://doi.org/10.1111/joes.12593","url":null,"abstract":"Behavioral finance has emerged from the divergences observed to explain and address the traditional theories of finance and serves as supplement to classical finance by introducing behavioral aspects to decision-making. This study provides academics with a comprehensible and complete synopsis of the evolution of behavioral finance, as well as critical insight is provided. The synopsis was based on the search for publications in Web of Science (<i>WoS</i>) and <i>Scopus</i> and the use of R, Gephi and <i>Tree of Science -ToS-</i> software, using citation analysis, graphos and classification analysis. The results showed psychological aspects, investment in stocks and cognitive biases with the highest visibility. A tree-like structure of hierarchization was developed by ToS. The clusters of publications with the greatest literary contribution were analyzed and the publications with the greatest visibility in each cluster identified. This study provides insights into the current trend in finance towards better understanding of the essential factors in the investor´s decision making.","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":null,"pages":null},"PeriodicalIF":5.3,"publicationDate":"2023-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138539480","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 long‐run evolution of global real wages 全球实际工资的长期演变
2区 经济学
Journal of Economic Surveys Pub Date : 2023-11-13 DOI: 10.1111/joes.12592
Pim de Zwart
{"title":"The long‐run evolution of global real wages","authors":"Pim de Zwart","doi":"10.1111/joes.12592","DOIUrl":"https://doi.org/10.1111/joes.12592","url":null,"abstract":"Abstract This article reviews the literature on comparative real wages in history that has emerged over the past two decades. Research has shown that unskilled men's real wages were higher in England and the Low Countries than in other parts of Europe and Asia from about 1720. Yet 18th‐ and 19th‐century real wages were even higher in the northern American colonies than they were in the European leaders, while those in Latin America were somewhere in the middle of the global wage ladder. This comparative picture is drawn on the basis of unskilled male day wages and various recent contributions focused on specific countries and time periods noting the variation in wage levels and trends for different groups of workers across urban and rural areas and labor contracts, varying days of labor per year, and the crucial and changing contributions of other family members. The latest research also highlights new ways to compute comparative cost‐of‐living indices. Building new datasets to take these issues into account in a new global comparative picture of long‐run real wages is a major area for future research.","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136351303","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
Non-Fungible Tokens (NFTs): A Review of Pricing Determinants, Applications and Opportunities 不可兑换代币(NFT):定价决定因素、应用和机遇综述
IF 5.3 2区 经济学
Journal of Economic Surveys Pub Date : 2023-11-08 DOI: 10.1111/joes.12597
Roman Kräussl, Alessandro Tugnetti
{"title":"Non-Fungible Tokens (NFTs): A Review of Pricing Determinants, Applications and Opportunities","authors":"Roman Kräussl,&nbsp;Alessandro Tugnetti","doi":"10.1111/joes.12597","DOIUrl":"10.1111/joes.12597","url":null,"abstract":"<p>This paper provides a review of the development of the non-fungible tokens (NFTs) market, with a particular focus on its pricing determinants, its current applications, and its future opportunities. We investigate the current state of the NFT markets and highlight the perception and expectations of investors toward these products. We summarize and compare the financial and econometric models that have been used in the literature for the pricing of non-fungible tokens with a special focus on their predictive performance. We design a framework that can help to understand the price formation of NFTs. We further aim to shed light on the value-creating determinants of NFTs in order to better understand investors’ behavior on the blockchain.</p>","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":null,"pages":null},"PeriodicalIF":5.3,"publicationDate":"2023-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135340865","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
Subsidizing housing with deductions 用扣除额补贴住房
IF 5.9 2区 经济学
Journal of Economic Surveys Pub Date : 2023-11-07 DOI: 10.1111/joes.12596
Maxence Valentin
{"title":"Subsidizing housing with deductions","authors":"Maxence Valentin","doi":"10.1111/joes.12596","DOIUrl":"10.1111/joes.12596","url":null,"abstract":"<p>Many governments subsidize owner-occupied housing by allowing households to deduct housing expenses from their taxable incomes. While these deductions provide considerable financial benefits to homeowners, they also have significant downstream consequences. This article synthesizes a large body of literature that assesses these implications on various aspects of the housing market, including mortgage demand, interest rates, tenure decisions, homeownership rates, housing prices, and welfare. The findings in the literature collectively emphasize the distortive impact of these fiscal deductions on housing consumption and investment, with a growing consensus regarding the deductions' regressivity and negative effects on homeownership rates and welfare.</p>","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":null,"pages":null},"PeriodicalIF":5.9,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135539603","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
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":null,"pages":null},"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":null,"pages":null},"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":null,"pages":null},"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":null,"pages":null},"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":null,"pages":null},"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":null,"pages":null},"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
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信