The impact of monetary policy on a labor market with heterogeneous workers: The case of Chile

Submitted by Cristóbal Vásquez on
EfD Authors:
Salazar, Leonardo
Salazar, Leonardo

We use a factor-augmented vector autoregressive (FAVAR) model to analyze the effect of a contractionary monetary policy shock on macroeconomic aggregates and labor market indicators for different demographic groups in Chile classified by industry, age, and income quintile. Inflation is negatively correlated with unemployment across groups. The model shows that most groups’ job-separation rate and wage volatility increase after an interest rate rise. The response of the job-finding rate is mixed, decreasing in some groups and rising in others after an interest rate shock.

Peer Reviewed
Policy Design

Hire purchase schemes and adoption of LPG cookstoves: Experimental evidence from Uganda

Submitted by Petra Hansson on
EfD Authors:
Nanyiti, Aisha
Matovu, Fred
Kavuma, Susan

Highlights: 

▪ Hire purchase schemes increase vendors' likelihood of buying an LPG cookstove. 

▪ Hire purchase schemes with a learning opportunity have a greater effect on the vendor’s likelihood of buying an LPG cookstove. 

Policy Brief
Climate Change, Energy, Policy Design

Policy instruments for an Inclusive Green Economy – Experiences from the East African region on policy instruments to reduce the use of fossil fuels, plastic pollution, and forest loss

Submitted by Petra Hansson on
Report
Climate Change, Forestry, Land, Policy Design, Waste

Nonfarm entrepreneurship, crop output, and household welfare in Tanzania: An exploration of transmission channels

Submitted by Jane Nyawira Maina on
EfD Authors:
Barasa, Laura

AbstractThis study analyzes panel data from the Tanzania Living Standards Measurement Study‐Integrated Surveys on Agriculture by the World Bank to investigate the impact of nonfarm entrepreneurship as a nonfarm activity on the value of crop output and household welfare, and to explore the potential transmission channels among rural farm households. Using a dynamic panel model to address endogeneity, our results reveal that nonfarm entrepreneurship has a positive impact on the value of crop output and household welfare.

Peer Reviewed
Policy Design

A behavioral economics approach for individual decisions in the face of COVID-19: Successes and disappointments

Submitted by Luat Do on
EfD Authors:
Phu, Nguyen Van

Dans le cadre du premier appel à projet « Flash-COVID-19 » de l’Agence nationale de la recherche, nous avons mobilisé des méthodes récentes de l’économie comportementale afin de mieux comprendre les décisions des individus face à la crise sanitaire due à la pandémie de COVID-19 (coronavirus disease 2019) et d’identifier les paramètres pouvant influencer le respect des mesures sanitaires.

Peer Reviewed
Covid-19, Policy Design

Nudging for lockdown: behavioural insights from an online experiment

Submitted by Luat Do on
EfD Authors:
Phu, Nguyen Van

Abstract. We test the effectiveness of a social comparison nudge (SCN) to enhance lockdown compliance during the COVID-19 pandemic using a French representative sample ( N = 1,154). Respondents were randomly assigned to a favorable/unfavorable informational feedback (daily road traffic mobility patterns, in Normandy – a region of France) on peer lockdown compliance. Our dependent variable was the intention to comply with a possible future lockdown. We controlled for risk, time, and social preferences and tested the effectiveness of the nudge.

Peer Reviewed
Covid-19, Experiments, Policy Design

Equal opportunity and poverty reduction: How should aid be allocated?

Submitted by Luat Do on
EfD Authors:
Phu, Nguyen Van

This paper analyzes a model of aid allocation equalizing the opportunity between recipient countries to reach a common poverty reduction goal. We propose a fair and efficient aid allocation based on a multicriteria principle. The model considers structural handicaps in recipient countries in terms of lack of human capital and economic vulnerability, their initial poverty, and the natural gap between the growth rate required to reach a development goal and the observed one. We show that our proposed aid allocation favors poor and vulnerable countries with our multicriteria principle.

Peer Reviewed
Policy Design
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