Bekkum, Sjoerd Van; Gabarro, Marc; Irani, Rustom M.; Peydró, José-Luis(2019-12-11)
We examine the effects of borrower-based macroprudential policy for household leverage, liquidity, and nancial distress. For identi cation, we exploit the introduction of a mortgage loan-to-value limit in the Netherlands, ...
Van Bekkum, Sjoerd; Gabarro, Marc; Irani, Rustom M.; Peydró, José-Luis(2019-11-06)
We analyze the effects of borrower-based macroprudential policy at the household-level. For identification, we exploit administrative Dutch tax-return and property ownership data linked to the universe of housing transactions, ...
We evaluate the effect of a 2003 reform in the Spanish income tax on fertility and the employment of mothers with small children. The reform introduced a tax credit for working mothers with children under the age of three, ...
It is difficult to justify tax incentives within the existing economics
literature on tax competition. We develop a model in which communities
are interested in attracting firms not only for their own capital but
also for ...
This paper studies different income tax reforms in an infinite horizon economy with a progressive labor income tax code, incomplete markets and endogenous borrowing constraints on asset holdings. The endogenous limits are ...
It has been found that the symbolic elites have a prominent role in the discursive reproduction of racism in society, because they control the public discourse through which many ethnic prejudices are spread and shared. ...
Classroom experiments as a teaching tool increase understanding and especially motivation.
Traditionally, experiments have been run using pen-and-paper or in a computer lab. Pen-and-paper is time and resource consuming. ...
Research, teaching and service are the main activities carried out in
almost all European universities. Previous research, which has been mainly
centred in North-American universities, has found solid results indicating
that ...
Over the past 40 years public investment has declined in most developed countries. This paper argues that such pattern can be the consequence of investment-specific technological progress. Public investment, mostly on ...
We discuss a unified theory of directed technological change and technology
adoption that can shed light on the causes of persistent productivity differences
across countries. In our model, new technologies are designed ...
What explains the spatial distribution of wages across
US counties? I find that two of the most important factors
are spatial technology diffusion and externalities due to
the aggregate scale of production. One empirical ...