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Effects of IMF-supported programs on gender inequality 国际货币基金组织支持的项目对性别不平等的影响
IF 2.4 3区 经济学 Q2 ECONOMICS Pub Date : 2025-09-11 DOI: 10.1016/j.ejpoleco.2025.102740
Theo S. Eicher , Reina Kawai Eskimez , Monique Newiak
Macroeconomic volatility often entails policies that may disproportionately impact vulnerable populations. Some economies address weak economic fundamentals with IMF-supported reform programs, which have been shown to impact gender inequality. To accurately evaluate program effects, however, requires well-matched counterfactuals: How would gender disparities have evolved in the country in the absence of the program? We analyze 125 IMF-supported programs (1994–2022) using custom-tailored control groups that match each IMF-supported program country's gender/economic trends, including fiscal spending, debt, and reserves. For most countries, we cannot reject the null hypothesis that IMF-supported programs have no effect on gender inequality, as the observed gender outcomes were not statistically significantly different from those in controls with similar fiscal spending, debt, and reserves trajectories but no programs.
宏观经济波动往往导致可能对弱势群体产生不成比例影响的政策。一些经济体通过国际货币基金组织支持的改革方案来解决疲弱的经济基本面问题,这些方案已被证明会影响性别不平等。然而,要准确评估项目的效果,就需要充分匹配的反事实:如果没有这个项目,这个国家的性别差异会如何演变?我们分析了125个imf支持的项目(1994-2022年),使用了与每个imf支持项目国家的性别/经济趋势(包括财政支出、债务和储备)相匹配的定制对照组。对于大多数国家,我们不能拒绝imf支持的项目对性别不平等没有影响的零假设,因为观察到的性别结果与那些财政支出、债务和储备轨迹相似但没有项目的对照国家没有统计学上的显著差异。
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引用次数: 0
Do as I say, not as I do? Economists policymakers and fiscal consolidation 照我说的做,别照我做的做?经济学家、政策制定者和财政整顿
IF 2.4 3区 经济学 Q2 ECONOMICS Pub Date : 2025-09-10 DOI: 10.1016/j.ejpoleco.2025.102754
Nicola Nones
Do individual policy-makers matter for fiscal policy and, if so, under which conditions do they matter the most? Does a formal training in economics lead policymakers to implement a distinct set of fiscal policies? Do economists-turned-policymakers follow through with what they presumably teach in their classroom? This article aims to answer these questions with respect to fiscal consolidation (austerity) by analyzing a sample of Western and European countries between 1978 and 2019. By focusing on a subset of fiscal policies that are weakly orthogonal to the business cycle, I abstract from the most contentious debates in macroeconomics which revolve around the ‘best’ fiscal response to economic shocks (the infamous austerity vs stimulus debate). As such, I investigate the effects of economists on fiscal policy in a most-likely-case approach, i.e. when economic theory is by and large in agreement on what the best course of action is. Across a variety of specifications, modeling choices, estimators, and temporal and spatial sub-samples, I find no evidence that either the Head of the Executive or the Finance Minister's formal education in economics is (unconditionally) associated with fiscal consolidation policy. Nevertheless, the analysis reveals some political and institutional conditions under which economists-turned-Heads of Government are indeed more likely to implement fiscal consolidation. Governments led by economists are more likely to implement fiscal consolidation when the government is less fractionalized, when they are supported by a parliamentary majority, and when there are fewer institutional constraints on the executive.
个别政策制定者对财政政策重要吗?如果重要,在什么情况下他们最重要?正规的经济学培训能引导政策制定者实施一套独特的财政政策吗?经济学家出身的政策制定者是否会按照他们在课堂上可能教授的内容进行到底?本文旨在通过分析1978年至2019年间西欧和欧洲国家的样本,回答这些关于财政整顿(紧缩)的问题。通过关注与商业周期弱正交的财政政策子集,我从宏观经济学中最具争议的辩论中抽象出来,这些辩论围绕着对经济冲击的“最佳”财政反应(臭名昭著的紧缩与刺激辩论)。因此,我用最可能的方法来研究经济学家对财政政策的影响,即当经济理论大体上就最佳行动方案达成一致时。在各种规格、建模选择、估计器以及时空子样本中,我发现没有证据表明行政首长或财政部长的经济学正规教育与财政巩固政策(无条件地)相关。然而,分析揭示了一些政治和制度条件,在这些条件下,经济学家出身的政府首脑确实更有可能实施财政整顿。经济学家领导的政府更有可能在政府分权程度较低、得到议会多数支持、行政机构约束较少的情况下实施财政整顿。
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引用次数: 0
Baumol’s migrants: Productive and unproductive entrepreneurship and between-MSA migration 鲍莫尔的移民:生产性和非生产性企业家精神以及msa之间的移民
IF 2.4 3区 经济学 Q2 ECONOMICS Pub Date : 2025-09-09 DOI: 10.1016/j.ejpoleco.2025.102733
Justin T. Callais , Vincent Geloso , Alicia Plemmons , Gary A. Wagner
William Baumol proposes that there are two types of entrepreneurship: productive or unproductive. Productive entrepreneurship, characterized by innovation and efficient resource allocation, fosters economic growth and can act as a potent magnet for migration. Conversely, unproductive entrepreneurship, which often involves rent-seeking and regulatory circumvention, deters migration and potentially provokes out-migration. To test this link from the types of entrepreneurship and migration, we use a new index of entrepreneurship (productive and unproductive) in conjunction with a dataset covering migration to and from Metropolitan Statistical Areas (MSA) from 2005 to 2019. Our analysis reveals that regions high in productive entrepreneurship experience significant net in-migration, while those dominated by unproductive entrepreneurship see the opposite effect.
William Baumol提出有两种类型的企业家精神:生产性的和非生产性的。以创新和有效资源分配为特征的生产性企业精神促进经济增长,并能成为吸引移徙的有力磁石。相反,往往涉及寻租和规避监管的非生产性企业家精神阻碍了移民,并可能引发外迁。为了从创业和移民的类型来检验这种联系,我们使用了一个新的创业指数(生产性和非生产性),并结合了一个涵盖2005年至2019年迁入和迁出大都市统计区(MSA)的数据集。我们的分析表明,生产性创业高的地区经历了显著的净移民,而那些以非生产性创业为主的地区则出现了相反的效果。
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引用次数: 0
Businessperson candidates and their employees: How do businessperson candidates use their firms to get elected? 商人候选人和他们的雇员:商人候选人如何利用他们的公司来当选?
IF 2.4 3区 经济学 Q2 ECONOMICS Pub Date : 2025-09-05 DOI: 10.1016/j.ejpoleco.2025.102753
Songkhun Nillasithanukroh
Businessperson politicians perform well in elections worldwide. What electoral strategy do they employ to win votes? This article highlights private sector employment as an underexplored resource in distributive politics. I argue businessperson politicians leverage their firms to mobilize employees as campaign workers, exchanging jobs for electoral support and services. Using list experiments in Thailand, I find evidence of this exchange: 36.5 % of employees voted for their employer, 27.0 % attended employer's campaign rallies, 17.5 % persuaded acquaintances to support their employer, 18.2 % distributed short-term benefits to voters, and 8.5 % distributed long-term benefits. I also provide evidence that businessperson politicians use private employment to circumvent restrictions limiting use of public resources for electoral gains by showing employees hired within two months before election were more likely to provide services than those hired outside this period, suggesting these hires were intentionally brought to support campaign activities during election season.
商人政治家在世界各地的选举中表现出色。他们采用什么选举策略来赢得选票?这篇文章强调了私营部门的就业是分配政治中未被充分开发的资源。我认为商人政治家利用他们的公司动员员工作为竞选工作者,用工作来换取选举支持和服务。通过在泰国的列表实验,我发现了这种交换的证据:36.5%的雇员投票给他们的雇主,27.0%参加雇主的竞选集会,17.5%说服熟人支持他们的雇主,18.2%向选民分配短期利益,8.5%分配长期利益。我还提供证据表明,商人政治家利用私人雇佣来规避限制使用公共资源以获得选举利益的限制,通过显示在选举前两个月内雇用的雇员比在此期间以外雇用的雇员更有可能提供服务,这表明这些雇员是有意在选举期间支持竞选活动。
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引用次数: 0
Wealth distribution and redistributive preferences: Evidence from a randomized survey experiment 财富分配和再分配偏好:来自随机调查实验的证据
IF 2.4 3区 经济学 Q2 ECONOMICS Pub Date : 2025-09-04 DOI: 10.1016/j.ejpoleco.2025.102741
Nicolás Albacete, Pirmin Fessler, Peter Lindner
We analyze a large-scale experiment on redistributive preferences using data from the Austrian segment of the Eurosystem Household Finance and Consumption Survey. Austria, characterized by low wealth taxation but high wealth inequality, provides an ideal context. We estimate the causal effect of information about one’s wealth rank on preferences for wealth taxation. While the average treatment effect is statistically insignificant, individuals who overestimate their wealth position exhibit a positive response, whereas those who underestimate it show a negative response. The impact of information varies based on prior beliefs, yet the overall effect remains null.
我们分析了一个关于再分配偏好的大规模实验,使用来自欧元体系家庭金融和消费调查奥地利部分的数据。奥地利的特点是财富税低,但财富不平等程度高,提供了一个理想的背景。我们估计了个人财富等级信息对财富税偏好的因果效应。虽然平均治疗效果在统计上是微不足道的,但高估自己财富状况的人表现出积极的反应,而低估自己财富状况的人则表现出消极的反应。信息的影响根据先前的信念而变化,但总体效果仍然为零。
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引用次数: 0
The effect of international sanctions on the size of the middle class in Iran 国际制裁对伊朗中产阶级规模的影响
IF 2.4 3区 经济学 Q2 ECONOMICS Pub Date : 2025-09-03 DOI: 10.1016/j.ejpoleco.2025.102749
Mohammad Reza Farzanegan , Nader Habibi
This study examines the impact of international economic sanctions, imposed on Iran due to its nuclear program, on the development of its middle class. Specifically, it investigates how Iran's middle class would have evolved absent sanctions post-2012. Using the Synthetic Control Method (SCM) with nested optimization, we construct a counterfactual scenario for Iran based on a weighted average of comparable countries that mirror pre-2012 Iran but without significant sanctions. Our SCM results indicate that sanctions led to an average annual reduction of 17 percentage points in the size of Iran's middle class from 2012 to 2019. Our Synthetic Difference-in-Differences (SDID) analysis, however, provides a more conservative estimate of a 12 percentage points average annual loss, reinforcing the robustness of the findings. These estimates capture the total effect of sanctions, encompassing both their direct economic shocks, and Iran's policy responses. These results are validated through extensive sensitivity checks, including in-space and in-time placebo tests, leave-one-out analyses, and bias-corrected SCM. We also identify real GDP per capita, merchandise imports and exports, investment, industry value added, informal and vulnerable employment as key channels through which sanctions negatively impact the middle class.
这项研究考察了因伊朗核计划而对其实施的国际经济制裁对其中产阶级发展的影响。具体来说,它调查了2012年后如果没有制裁,伊朗的中产阶级会如何发展。使用嵌套优化的综合控制方法(SCM),我们基于2012年之前的伊朗但没有重大制裁的可比国家的加权平均值,为伊朗构建了一个反事实情景。我们的SCM结果表明,从2012年到2019年,制裁导致伊朗中产阶级的规模平均每年减少17个百分点。然而,我们的综合差异分析(SDID)提供了一个更保守的估计,即平均每年损失12个百分点,加强了研究结果的稳健性。这些估计反映了制裁的总体影响,既包括直接的经济冲击,也包括伊朗的政策反应。这些结果通过广泛的灵敏度检查得到验证,包括空间和时间上的安慰剂测试、遗漏分析和偏差校正SCM。我们还指出,实际人均GDP、商品进出口、投资、工业增加值、非正规就业和弱势就业是制裁对中产阶级产生负面影响的主要渠道。
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引用次数: 0
Population aging, voting, and political agendas 人口老龄化、投票和政治议程
IF 2.4 3区 经济学 Q2 ECONOMICS Pub Date : 2025-09-01 DOI: 10.1016/j.ejpoleco.2025.102748
Francesco Barilari , Nicola Mastrorocco , Matteo Paradisi
We study how population aging interacts with voters’ representation, engagement with politics, and the content of political agendas. Leveraging the European Social Survey, we observe that over the past two decades, individuals under the age of 50 have become a minority within the voter population. This shift has been exacerbated by a decline in the turnout propensity of those under 50, juxtaposed with an increase among older age groups. The evolution of turnout propensity has unfolded gradually across cohorts: each successive cohort entering the eligible voter population has exhibited lower turnout rates compared to its predecessors and has failed to converge to previous levels throughout its lifecycle. The disengagement of younger workers has been more pronounced in countries that have aged faster. Moreover, these dynamics have coincided with a shift in the political agenda. Through an analysis of political manifestos, we demonstrate a switch towards topics appealing to older voters, notably retirement policies. Similarly to the case of turnout, this shift has been stronger in countries where the population has aged more.
我们研究人口老龄化如何与选民代表、政治参与和政治议程内容相互作用。利用欧洲社会调查,我们观察到,在过去二十年中,50岁以下的个人在选民人口中已成为少数。50岁以下人群的投票倾向有所下降,而年龄较大的人群的投票倾向有所增加,这加剧了这种转变。投票倾向的演变在各个群体中逐渐展开:每一个连续进入合格选民群体的群体,其投票率都比前一个群体低,而且在整个生命周期中未能趋同于前一个群体的水平。在老龄化速度更快的国家,年轻员工的离职现象更为明显。此外,这些动态与政治议程的转变同时发生。通过对政治宣言的分析,我们展示了向吸引老年选民的话题的转变,特别是退休政策。与投票率的情况类似,这种转变在人口老龄化程度更高的国家更为明显。
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引用次数: 0
Dynamics of protest: Understanding violent and nonviolent protest in Africa 抗议的动力:了解非洲的暴力和非暴力抗议
IF 2.4 3区 经济学 Q2 ECONOMICS Pub Date : 2025-09-01 DOI: 10.1016/j.ejpoleco.2025.102745
Marcela Gomez-Ruiz , Paolo Li Donni , Maria Marino
This study introduces a novel empirical strategy to analyse the dynamic occurrence of violent and nonviolent protests (VP and NVP) in Africa. The strategy allows us to jointly model VP and NVP, accounting for both observed variables and unobserved time-varying factors. In doing so, we offer insights into the persistence of protest (i.e., the influence of one type of protest on the dynamics of the same type of protests over time), cross-effects between the two protest types (i.e., the influence of one type of protest on the dynamics of the other type over time), as well as protest determinants. Our findings, based on the Social Conflict Analysis Dataset (SCAD), reveal strong persistence in both VP and NVP, with past protests significantly correlating with future ones. Additionally, we show that violent and nonviolent protests are dynamically interlinked, with cross-effects between the two events. Some determinants, like repression, correlate with both VP and NVP, while others, such as education and technology, influence only one type of protest. Finally, by controlling for persistence, we explore how unobserved time-varying factors shape protest dynamics in Africa.
本研究引入了一种新的实证策略来分析非洲暴力和非暴力抗议(VP和NVP)的动态发生。该策略允许我们联合建模VP和NVP,同时考虑观察到的变量和未观察到的时变因素。在此过程中,我们对抗议的持续性(即一种抗议类型对同一类型抗议动态的影响)、两种抗议类型之间的交叉效应(即一种抗议类型对另一种抗议类型随时间的动态的影响)以及抗议决定因素提供了见解。我们的研究结果,基于社会冲突分析数据集(SCAD),揭示了VP和NVP的强持续性,过去的抗议与未来的抗议显着相关。此外,我们还表明,暴力和非暴力抗议活动是动态相互关联的,两者之间存在交叉效应。一些决定因素,如镇压,与反VP和反VP都相关,而其他决定因素,如教育和技术,只影响一种类型的抗议。最后,通过控制持久性,我们探讨了未观察到的时变因素如何影响非洲的抗议动态。
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引用次数: 0
A dictator’s retort to economic sanctions: Evidence from North Korea 独裁者对经济制裁的反驳:来自朝鲜的证据
IF 2.4 3区 经济学 Q2 ECONOMICS Pub Date : 2025-08-27 DOI: 10.1016/j.ejpoleco.2025.102732
Youngseok Park
This paper examines how economic sanctions affect internal resource allocation in North Korea. Drawing on insights from the political economy of authoritarian regimes, I propose that as sanctions intensify, the regime reallocates resources to maintain elite loyalty at the expense of weapons development. Using satellite-based nighttime lights data as a proxy for regional economic activity, I find that sanctions increase light intensity in elite-dominated areas like Pyongyang, while brightness declines around nuclear facilities. These findings suggest that sanctions may unintentionally reinforce regime stability by redirecting resources toward the ruling elite.
本文考察了经济制裁对朝鲜内部资源配置的影响。借鉴专制政权政治经济学的见解,我提出,随着制裁力度加大,该政权会重新分配资源,以牺牲武器发展为代价来维持精英阶层的忠诚。我使用基于卫星的夜间灯光数据作为区域经济活动的代表,发现制裁增加了平壤等精英主导地区的灯光强度,而核设施周围的亮度则下降。这些发现表明,制裁可能会通过将资源转向统治精英而无意中加强政权稳定。
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引用次数: 0
Make it burn? Wildfires, disaster aid and presidential approval 让它燃烧?野火、灾难援助和总统批准
IF 2.4 3区 经济学 Q2 ECONOMICS Pub Date : 2025-08-26 DOI: 10.1016/j.ejpoleco.2025.102738
Michael Berlemann , Marina Eurich , Timur Eckmann
For governments, the occurrence of natural disasters creates the opportunity to demonstrate their willingness and competence in providing prompt and efficient disaster aid. A number of studies has investigated the political consequences of providing disaster aid by analyzing the effects of such aid on subsequent election results. However, the findings of these studies have not yielded a coherent picture. This paper makes a contribution to the existing literature by employing high-frequency (daily) survey data on presidential approval. The combination of this data with wildfire data and information on Federal Emergency Management Agency (FEMA) aid approvals and denials reveals that Barack Obama gained in support among survey respondents for whom FEMA aid was approved by the president, while he was not punished for denials of FEMA assistance. We show that this effect is exclusively driven by respondents without party affiliation and that the effect is temporary.
对于政府来说,自然灾害的发生为他们提供了一个机会,可以展示他们提供及时有效的灾害援助的意愿和能力。一些研究通过分析这种援助对随后选举结果的影响,调查了提供灾害援助的政治后果。然而,这些研究的发现并没有产生一个连贯的画面。本文利用高频(每日)的总统支持率调查数据,对现有文献做出了贡献。这些数据与野火数据以及联邦紧急事务管理局(FEMA)批准和拒绝援助的信息相结合,显示巴拉克•奥巴马(Barack Obama)在联邦紧急事务管理局(FEMA)批准援助的受访者中获得了支持,同时他没有因为拒绝FEMA援助而受到惩罚。我们表明,这种影响完全是由没有党派关系的受访者驱动的,而且这种影响是暂时的。
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引用次数: 0
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European Journal of Political Economy
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