The theoretical result that there are gains from trade is a central tenet of international economics. Assuming perfect competition and no market failures, trade acts like a technological improvement that expands the set of feasible allocations and enables Pareto superior outcomes to be achieved. A recent body of research has sought to quantify the magnitude of these welfare gains.
Missing gains from trade?
Marc J. Melitz, Stephen Redding, 10 March 2014
It’s not a skill mismatch: Disaggregate evidence on the US unemployment-vacancy relationship
Rand Ghayad, William Dickens, 5 January 2013
The Beveridge curve – the empirical relationship between unemployment and vacancies – is thought to be an indicator of the efficiency of the functioning of the labour market. Normally when vacancies rise, unemployment falls following a curved path that typically remains stable over long periods of time.
China’s pure exporter subsidies: Protectionism by exporting
Fabrice Defever, Alejandro Riaño, 4 January 2013
On 17 September last year, the US requested consultations with China concerning a wide range of export-contingent measures – grants, tax preferences and interest-rate subsidies, totalling at least $1 billion – in apparent violation of the WTO’s Agreement on Subsidies and Countervailing Measures, China’s accession protocol and article XVI of the GATT.
Religion makes people happy, so why is church attendance declining?
Bruno S Frey, Jana Gallus, 2 October 2011
Modern happiness research leaves no doubt that religious people are happier than their contemporaries. And the causality runs from religion to happiness (though it might also be possible that religious people are less interested in material aspects and, therefore, less affluent).
The price effects of cash versus in-kind transfers
Jesse Cunha, Giacomo De Giorgi, Seema Jayachandran, 26 September 2011
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It is migration, stupid
Tito Boeri, 23 June 2009
Recessions are traditionally good times for left-wing parties, whose support for redistributive policies is perceived by voters as a sort of insurance scheme. If someone loses her job in the recession or gets poorer in the generalised downturn, there will be someone up there in the “centre of things” making sure that she receives some social support.
Welfare payments, liquidity constraints, and crime
Fritz Foley, 5 August 2008
Consider an individual who receives support from welfare payments that occur once a month. Several recent papers indicate that this individual is likely to spend this income soon after receiving it and to face severe liquidity constraints.
Measuring the welfare gain from new goods
Karen Kopecky , Jeremy Greenwood, 3 March 2008
New goods are constantly introduced. Some have a major impact, others little. Consider the recent case of the Apple iPhone. How much has the iPhone improved your welfare?
- Predicting economic turning pointsAhir, Loungani
- How rich nations benefit from EU membershipCampos, Coricelli, Moretti
- The chartbook of economic inequalityAtkinson, Morelli
- Taxing, spending, and inequalityClements, Coady, de Mooij, Gupta
- How poorer nations benefit from EU membershipCampos, Coricelli, Moretti
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Claessens, 18 April 2014
Campos, Coricelli, Moretti
Ostry, Berg, Tsangarides