The Likelihood of Persistently Low Global Fertility
Michael Geruso, Dean Spears For the world as a whole, average birth rates have been falling for decades—from about 5 in 1950 to a little above 2 today. Two-thirds of people today live in a country where the birth rate is below an average of two children per two adults, which means below the fertility […]
Labor Market Power: From Micro Evidence to Macro Consequences
David Berger Kyle Herkenhoff Simon Mongey The traditional theoretical and empirical “micro approach” to studying labor market power (or monopsony) requires that firms are small and atomistic. This is at odds with the reality of labor markets in which monopsony potentially matters most. Empirically, many markets are concentrated and characterized by large, dominant employers. The […]
Διαφορικές αποδόσεις των 10ετών ομολόγων του γαλλικού και του ισπανικού δημοσίου έναντι των αντιστοίχων γερμανικών (%)
