Wage Mobility in Europe. A Comparative Analysis Using restricted Multinomial Logit Regression

In this paper, we investigate cross-country differences in wage mobility in Europe using the European Community Household Panel. The paper is particularly focused on examining the impact of economic conditions, welfare state regimes and employment regulation on wage mobility. We apply a log-linear approach that is very much similar to a restricted multinomial logit model and much more flexible than the standard probit approach. It appears that regime, economic conditions and employment regulation explain a substantial part of the cross-country variation. The findings also confirm the existence of an inverse U-shape pattern of wage mobility, showing a great deal of low and high-wage persistence in all countries.wages; wage mobility; wage dynamics; multinomial logit regression; loglinear models; welfare states

Incertidumbre, beneficios y comercio internacional

Este estudio observa el impacto de la incertidumbre y de los beneficios reducidos en el comercio internacional. Usando un modelo teórico único, encontramos que la lejanía se asocia con cantidades importantes de costos en el comercio. De hecho, nuestro estudio muestra que por cada dólar adicional de costos comerciales incurridos debidos a la lejanía y a la falta de acceso jurisdiccional se reducen los beneficios hasta en $0.91. Tales situaciones precipitan la influencia negativa considerable en los niveles de beneficios económicos, lo cual trae como consecuencia una reducción de las actividades comerciales relacionadas. Usando un modelo de gravedad y datos de 84 países, probamos el impacto de la localización geográfica en los volúmenes de comercio. Nuestro resultado fortalece la validez de nuestros supuestos teóricos y corrobora hallazgos de estudios similares.Abstract: This study looks at the impact of uncertainty and shrinking profits on international trade. Using a unique theoretical model, we find that remoteness is associated with substantial amount of trade costs. In fact, our study shows that for each additional dollar of trade costs incurred due to remoteness and jurisdictional inaccessibility reduce profit by as much as$ 0.91. Such situations precipitate considerable negative influence on profit levels, the consequence of which is a reduction in trade related activities. Using gravity model and data from 84 countries, we test the impact of location on trade volumes. Our result strengthens the validity of our theoretical assumptions and corroborate with findings in similar studies

Chronic Diseases A Critical Issue for Iowa, June 1, 2005

The prevalence of chronic disease is shaping the health care future of Iowa and its citizens. This paper profiles chronic disease in Iowa, examines responsible yet limited initiatives to mitigate chronic disease progression and provides a series of recommended key actions to address this quiet yet dramatic public health issue

Kiina maailmantaloudessa - Globaalitalouden kasvu ja teollisen työnjaon muutos

international division of labour, China, global economy

Enough About the Constitution: How States Can Regulate Health Insurance Under the ACA

Last term, the United States Supreme Court upheld the constitutionality of the Affordable Care Act in a landmark decision. It is a forceful reminder that America’s oldest question — how power should be shared between federal and state sovereigns — retains powerful political salience. Critics have reflexively attacked the decision as an assault on states’ rights, while supporters have celebrated the result. Regrettably, insufficient attention has been paid to how, in actuality, health care regulatory authority has been and will be divided between federal and state governments. In this Article, we fill that gap. To do so, we apply “federalism-in-fact,” a theory that seeks to measure the real-world, as opposed to theoretical, apportionment of power between sovereigns. We conclude that the Affordable Care Act has in important ways increased states’ power to regulate private health insurance when viewed in proper contrast to the previously exclusive ERISA regulatory regime. In addition, we offer recommendations on how states can use their freedom under the Affordable Care Act to grow their regulatory markets, and we explain why collateral forces are likely to increase state regulatory power even if states do nothing

Enough About the Constitution: How States Can Regulate Health Insurance Under the ACA

Last Term, the United States Supreme Court upheld the constitutionality of the Affordable Care Act (ACA). The Court\u27s landmark decision is a forceful reminder that America\u27s oldest question-how power should be shared between state and federal sovereigns-retains powerful political salience. The ACA has been hotly criticized as an affront to state power. It is now settled that the ACA is constitutional. But that is the end of the beginning rather than the beginning of the end

Wage Mobility in Europe. A Comparative Analysis Using restricted Multinomial Logit Regression

In this paper, we investigate cross-country differences in wage mobility in Europe using the European Community Household Panel. The paper is particularly focused on examining the impact of economic conditions, welfare state regimes and employment regulation on wage mobility. We apply a log-linear approach that is very much similar to a restricted multinomial logit model and much more flexible than the standard probit approach. It appears that regime, economic conditions and employment regulation explain a substantial part of the cross-country variation. The findings also confirm the existence of an inverse U-shape pattern of wage mobility, showing a great deal of low and high-wage persistence in all countries