Documents price 76 results

"How do house prices affect variation in school quality and citizen satisfaction with education? In this paper, we show that the structure of socio-economic inequality produced by the housing market has dramatic effects on both citizen's preferences over education and its provision, along the lines suggested by scholars in the tradition of Tiebout. In particular, growing housing prices permit wealthier individuals to ‘target' education in ways that exclude lower income citizens. Districts with higher house prices have higher average academic performance but also greater variation in performance and a greater number of schools opting out of local authority control. Moreover, in districts with high variation in school performance, owners of expensive housing are more satisfied with schooling than are non-owners, with the reverse pattern obtaining in districts with low academic variation."

"We analyse the relative intensity and character of price vs. cost and wage vs. employment firm-level adjustment to cost-push shocks in the European System of Central Banks Wage Dynamics Network (WDN) survey data set. The results document several statistically significant and theoretically sensible relationships: price increases are less likely when product market competition is more intense, and more likely when collective wage agreements or employment protection legislation constrain firm-level reactions. We discuss how changes of such structural and institutional features of firms and of their environment may underlie the evolution of macroeconomic adjustment mechanisms in Europe."

"OECD Factbook 2014 is a comprehensive annual statistical publication. More than 100 indicators cover a wide range of topics including new indicators on trade in value added and climate change.



Data are provided for all OECD member countries (including area totals), and for Brazil, China, India, Indonesia, the Russian Federation and South Africa. For each indicator, there is a two-page spread: a text page includes a short introduction followed by a detailed definition of the indicator, comments on comparability of the data, an assessment of long-term trends related to the indicator and a list of references for further information on the indicator; the second page contains a table and a graph providing, at a glance, the key message conveyed by the data. Each indicator includes "StatLinks" which allow readers to download the corresponding data."

"This paper extends Hall's (1988) methodology to analyse imperfections in both the product and the labour market for firms in the Belgian manufacturing industry over the period 1988-1995. We investigate the heterogeneity in price-cost mark-up and workers' bargaining power parameters among 18 sectors within the manufacturing industry as well as the relationship between both parameters. Using a sample of more than 7 000 firms, our GMM results indicate that ignoring imperfection in the labour market leads to an underestimation in the price-cost margin evaluated at perfect competition in the labour market. These findings are confirmed in the sectoral analysis. Sectors with higher workers' bargaining power typically show higher price-cost margins."

"The paper investigates how a carbon price could halt the comeback of coal, which started in the early 2000s. Since the year 2000, coal has provided roughly 40 per cent of global primary energy growth. The success of coal in the primary energy mix is due to the fact that it is abundant, cheap, and most often a domestic resource. However, global coal reserves, if burnt, would surpass the remaining carbon budget for a 2°C target by a factor of two. The paper shows that a carbon price of 25–100 USD per tonne of CO2 would be needed to phase out coal in the power sector, depending on the technology and the world region, even when assuming significant technological progress."