An Axiomatization of the Pairwise Netting Proportional Rule in Financial Networks
We consider financial networks where agents are linked to each other via mutual liabilities. In case of bankruptcy, there are potentially many bankruptcy rules, ways to distribute the assets of a bankrupt agent over the other agents. One common approach is to first apply pairwise netting of agents that have mutual liabilities and next use […]
THE HUNGARIAN LABOUR MARKET 2020 – The COVID-19 Pandemic
The Hungarian Labour Market Yearbook series was launched in 2000 by the Institute of Economics, in order to report on the processes and latest trends of the Hungarian labour market and employment policy, and provide an in-depth analysis of a particular subject each year. In compiling the content of each yearbook, the intention of the […]
THE HUNGARIAN LABOUR MARKET 2020
The Hungarian Labour Market Yearbook series was launched in 2000 by the Institute of Economics, in order to report on the processes and latest trends of the Hungarian labour market and employment policy, and provide an in-depth analysis of a particular subject each year. In compiling the content of each yearbook, the intention of the […]
COMPETITION AND REGULATION 2020
The Institute of Economics, CERS launched a new series of publications entitled “Verseny és szabályozás” (Competition and Regulation) in 2007. Twelve annual volumes have been published so far in Hungarian. The current volume is the second one in English, and it contains 10 selected translations from the crop of the last four years. It offers […]
THE HUNGARIAN LABOUR MARKET 2019
The Hungarian Labour Market Yearbook presents characteristics of the Hungarian labour market and employment policy, and provides an in-depth analysis of a topical issue each year. It is an important focus for the analyses and data published in the yearbook series to serve as a good source of knowledge on the various topics of labour […]
Disparities in premature and old age mortality in Europe in the first decade of the 2000s
This study presents disparities in mortality rates of 38-41 European countires and attempts at giving explanations for these. Explanatory factors of premature (0-64 ages) and old age (above 65 years old) mortality rates are compared accordig to cause-specific diseases and genders for 2009. In addition, mortality disparities due to avoidable (preventable and treatable) diseases are […]
Indexing public pensions in progress to wages or prices
Initial public pensions are indexed to the economy-wide average wages, but pensions in progress are indexed to prices, average wages or their combinations––varying across countries and periods. We create a simple overlapping cohorts framework to study the properties of indexing pensions in progress––emphasizing a neglected issue: close wage paths should imply close benefit paths even […]
Does politicizing ‘gender’ influence the possibility of conducting academic research? Evidence from a randomized controlled trial
Tünde Lénárd – Dániel Horn – Hubert János Kiss Economics Letters Vol. 189. 2020. Abstract: We detect a significant negative effect of mentioning ‘gender’ as a research topic on conducting academic research in Hungary. Using a randomized information treatment involving a comprehensive sample of Hungarian education providers we find that they are less willing to cooperate in a gender-related future research compared to […]
Does trust associate with political regime?
Since trust correlates with economic development and in turn economic development associates with political regime, we conjecture that there may be a relationship between trust and political regime. We investigate if trust aggregated on the country level correlates with the political regime. We do not find any significant association, with or without taking into account […]
Patient democracies?
We test if the political regime of a country associates with the patience of the citizens. Recent findings indicate that i) more democratic countries tend to have higher growth, and ii) patience correlates positively with economic development, suggesting a potential link between the political regime and patience. We document a positive association between the level […]
On the welfare effects of differential pricing
The paper discusses the economic aspects of the most important questions (such as demand response or capacity allocation) related to differential pricing. First, we consider a revenue-neutral introduction of peak-load pricing. We examine under what circumstances does peak-load pricing lead to a Pareto improvement compared to uniform pricing. Second, we analyze what properties of customers […]
Do individuals with children value the future more?
In recent years public and political debate suggested that individuals with chil- dren value the future more. We attempt to substantiate the debate and using a representative survey we investigate if the number of children (or simply having children) indeed is associated with a higher valuation of the future that we proxy with an aspect […]
