Saturday, January 23, 2010

The World Distribution of Income: Falling Poverty and… Convergence, Period

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Abstract We estimate the world distribution of income by integrating individual income distributions for 139 countries between 1970 and...
Wednesday, January 20, 2010

A Century of Work and Leisure

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Abstract Has leisure increased over the last century? Standard measures of hours worked suggest that it has. In this paper, we develop ...
Sunday, January 17, 2010

WHY DO AMERICANS WORK SO MUCH MORE THAN EUROPEANS?

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Abstract Americans now work 50 percent more than do the Germans, French, and Italians. This was not the case in the early 1970s when th...
Thursday, January 14, 2010

Asset Prices and the Measurement of Wealth and Saving

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Abstract The paper defines concepts of real wealth and saving which take into account the intertemporal index number problem that resul...
Monday, January 11, 2010

The Three Horsemen of Growth: Plague, War and Urbanization in Early Modern Europe

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Abstract How did Europe overtake China ? We construct a simple Malthusian model with two sectors, and use it to explain how European pe...
Friday, January 8, 2010

The Role of Mexico in the First Oil Shortage: 1918-1922, an International Perspective

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Abstract In 1921 Mexico produced a quarter of world’s petroleum, making the country the second largest producer in the world, but by 19...
Tuesday, January 5, 2010

The Quasi-Judicial Role of Large Retailers: An Efficiency Hypothesis of their Relation with Suppliers

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Abstract The paper explores an efficiency hypothesis regarding the contractual process between large retailers, such as Wal-Mart and Ca...