(march 2015) 5 papers... in 5 minutes!
- Tradable Immigration Quotas - Jesus Fernandez-Huertas Moraga and Hillel Rapoport. International migration is maybe the single most effective way to alleviate global poverty. Recent research shows that international migration has a substantial effect on poverty reduction in developing countries, both through the direct extraction of migrants out of poverty and through the feedback effects on those left behind...
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- The euro as an international currency - Agnès Bénassy-Quéré. European institutions have always adopted a neutral attitude vis-à-vis the internationalisation of the euro, which was not a stated objective of monetary union. In fact, the euro developed internationally principally as a diversification currency for international investors, while European policies sought neither to encourage nor discourage this trend...
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- What Predicts a Successful Life? A Life-Course Model of Wellbeing - Andrew E. Clark, Richard Layard, Francesca Cornaglia, Nattavudh Powdthavee and James Vernoit. What factors make for satisfied adults? Research published recently in the Economic Journal challenges the basic assumption of educational policy: that academic achievement matters more than anything else. This work investigated which dimensions of children’s development up to age 16 best predicted whether the resulting adults are satisfied with their lives...
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- Correlation within SNCF administrative regions among track segment maintenance cost equation residuals of a country-wide model - Marc Gaudry and Émile Quinet. Numerous studies have been made of the costs associated with the maintenance of railway infrastructure, in France as elsewhere. They all aim to estimate the cost function on a national scale, but very few seek to estimate the differences that might appear within a country depending on geographic location – with the exception of some studies...
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- Competition among regulators and the efficiency of banking regulation - Pierre Boyer and Hubert Kempf. Banking is an international activity as least since the medieval ages, when bankers relied on international family networks to move funds across borders. But the international character of banking has been significantly increased with technological advances and the international opening of capital markets...