scholarly journals Minimum wages, youth employment and spatial spillovers: New evidence for Spain

2021 ◽  
Author(s):  
Jordi López-Tamayo ◽  
Celia Melguizo ◽  
Raúl Ramos
Keyword(s):  
Spatial Dependence ◽  
The United States ◽  
Minimum Wages ◽  
Youth Employment ◽  
International Literature ◽  
Potential Bias ◽  
Employment Level ◽  
Spatial Spillovers ◽  
Regional Labour Markets ◽  
New Evidence

AbstractThe effect of minimum wages increases on youth employment level has been extensively analysed, but recent contributions have highlighted the potential bias in these studies due to neglected spatial autocorrelation in the considered relationship. This paper contributes to this scarce literature by providing novel evidence for a country with very low interregional mobility. The aim is to see if the bias of neglecting spatial dependence acts in a similar direction than in the few studies for the United States and if this bias explains the low elasticity of youth employment to minimum wages in Spain compared to the international literature. Our results show the relevance of spatial spillovers in the Spanish regional labour markets, but after correcting for the bias, we do not find a significant negative elasticity of youth employment to minimum wages, with the only exception of those between 16 and 19 years old.

scholarly journals Minimum Wages and Youth Employment in France and the United States

10.3386/w6111 ◽  
1997 ◽  
Author(s):  
John Abowd ◽  
Francis Kramarz ◽  
Thomas Lemieux ◽  
David Margolis
Keyword(s):  
United States ◽  
The United States ◽  
Minimum Wages ◽  
Youth Employment

Lending to the Borrower from Hell

2017 ◽  
Author(s):  
Mauricio Drelichman ◽  
Hans-Joachim Voth
Keyword(s):  
United States ◽  
Sixteenth Century ◽  
Sovereign Debt ◽  
Risk Sharing ◽  
The United States ◽  
Philip Ii ◽  
Loan Contracts ◽  
The Right ◽  
Intelligent Model ◽  
New Evidence

Why do lenders time and again loan money to sovereign borrowers who promptly go bankrupt? When can this type of lending work? As the United States and many European nations struggle with mountains of debt, historical precedents can offer valuable insights. This book looks at one famous case—the debts and defaults of Philip II of Spain. Ruling over one of the largest and most powerful empires in history, King Philip defaulted four times. Yet he never lost access to capital markets and could borrow again within a year or two of each default. Exploring the shrewd reasoning of the lenders who continued to offer money, the book analyzes the lessons from this historical example. Using detailed new evidence collected from sixteenth-century archives, the book examines the incentives and returns of lenders. It provides powerful evidence that in the right situations, lenders not only survive despite defaults—they thrive. It also demonstrates that debt markets cope well, despite massive fluctuations in expenditure and revenue, when lending functions like insurance. The book unearths unique sixteenth-century loan contracts that offered highly effective risk sharing between the king and his lenders, with payment obligations reduced in bad times. A fascinating story of finance and empire, this book offers an intelligent model for keeping economies safe in times of sovereign debt crises and defaults.

scholarly journals Redistribution Preferences, Inequality Information, and Partisan Motivated Reasoning in the United States

Societies ◽  
2021 ◽  
Vol 11 (2) ◽  
pp. 65
Author(s):  
Clem Brooks ◽  
Elijah Harter
Keyword(s):  
Party Identification ◽  
Motivated Reasoning ◽  
The United States ◽  
Quality Data ◽  
Historical Time ◽  
High Quality Data ◽  
Redistributive Policies ◽  
Election Studies ◽  
New Evidence ◽  
The U.S

In an era of rising inequality, the U.S. public’s relatively modest support for redistributive policies has been a puzzle for scholars. Deepening the paradox is recent evidence that presenting information about inequality increases subjects’ support for redistributive policies by only a small amount. What explains inequality information’s limited effects? We extend partisan motivated reasoning scholarship to investigate whether political party identification confounds individuals’ processing of inequality information. Our study considers a much larger number of redistribution preference measures (12) than past scholarship. We offer a second novelty by bringing the dimension of historical time into hypothesis testing. Analyzing high-quality data from four American National Election Studies surveys, we find new evidence that partisanship confounds the interrelationship of inequality information and redistribution preferences. Further, our analyses find the effects of partisanship on redistribution preferences grew in magnitude from 2004 through 2016. We discuss implications for scholarship on information, motivated reasoning, and attitudes towards redistribution.

Do National Service Programs Improve Subjective Well-Being in Communities?

2018 ◽  
Vol 49 (3) ◽  
pp. 275-291 ◽  
Author(s):  
Kristopher Velasco ◽  
Pamela Paxton ◽  
Robert W. Ressler ◽  
Inbar Weiss ◽  
Lilla Pivnick
Keyword(s):  
United States ◽  
Well Being ◽  
The United States ◽  
Change Score ◽  
National Service ◽  
Subjective Well Being ◽  
Community Effects ◽  
Service Programs ◽  
Open Question ◽  
New Evidence

Since the creation of Volunteers in Service to America (VISTA) in 1964 and AmeriCorps in 1993, a stated goal of national service programs has been to strengthen the overall health of communities across the United States. But whether national service programs have such community effects remains an open question. Using longitudinal cross-lagged panel and change-score models from 2005 to 2013, this study explores whether communities with national service programs exhibit greater subjective well-being. We use novel measures of subjective well-being derived from tweeted expressions of emotions, engagement, and relationships in 1,347 U.S. counties. Results show that national service programs improve subjective well-being primarily by mitigating threats to well-being and communities that exhibit more engagement are better able to attract national service programs. Although limited in size, these persistent effects are robust to multiple threats to inference and provide important new evidence on how national service improves communities in the United States.

Does digital proximity between countries impact entrepreneurship?

Info ◽  
2015 ◽  
Vol 17 (5) ◽  
pp. 46-65 ◽  
Author(s):  
Maria Veronica Alderete
Keyword(s):  
Panel Data ◽  
Spatial Dependence ◽  
Fixed Effects ◽  
Spatial Models ◽  
Negative Influence ◽  
Entrepreneurial Activity ◽  
Spatial Effects ◽  
Content Type ◽  
Spatial Spillovers ◽  
Information And Communication

Purpose – This paper aims to determine if there is a spatial dependence in the entrepreneurial activity among countries. The existence of a “digital proximity” could explain the spatial pattern of entrepreneurship. Design/methodology/approach – This question is empirically addressed by using a five-period, 2008-2012, panel data for 35 countries. A spatial fixed effects panel data model is estimated by using the total entrepreneurial activity published by the global entrepreneurship monitor as the dependent variable. Findings – A significant negative influence of the digital proximity on the entrepreneurial activity is observed. Mobile broadband (MB) direct effect is positive while the indirect effect (the spatial spillovers) is negative, leading to a negative total effect on the total entrepreneurial activity. This result is contrary to non-spatial models’ results. Besides, a higher MB penetration in a country would lead to a competitive advantage fostering its opportunities for entrepreneurship, but reducing those of its neighbours’. Originality/value – This paper examines the relationship between information and communication technology (ICT) and entrepreneurship, by introducing the spatial effects is the main contribution. This paper expands the scant literature on the ICT impact on entrepreneurship. Results obtained support policies towards enforcing innovation, education and reducing entry regulations for encouraging entrepreneurship. Meanwhile, MB policies could counteract the entrepreneurial policies’ results due to the spatial dependence.

Prosecutors Post-Conviction

2021 ◽  
pp. 170-182
Author(s):  
Brandon L. Garrett
Keyword(s):  
United States ◽  
Criminal Procedure ◽  
The United States ◽  
Traditional Model ◽  
Police Misconduct ◽  
Forensic Evidence ◽  
New Evidence

In recent years, the involvement of prosecutors in post-conviction proceedings has begun to change from a strictly adversarial to a more investigative and remedial posture. Particularly in the United States, prosecutors’ offices have taken the affirmative responsibility to conduct post-conviction investigations of closed cases. A growing number of exonerations occur because prosecutors themselves agree to review new evidence of innocence or locate it themselves. Prosecutors have created specialized conviction integrity units tasked with reviewing such cold cases. They have created units to conduct other types of audits and reviews to investigate systemic issues, including regarding forensic evidence and police misconduct. They have even, in some offices, conducted investigations of their own conduct. Although most offices may follow a traditional model in which work largely consists in defending final convictions, there has been a notable trend towards experimentation with reconception of the post-conviction role of prosecutors. This chapter describes each of those changes and describes their implications for post-conviction criminal procedure.

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