Research reveals why women-led farms are more sustainable - Imre Fertő & Štefan Bojnec's research results Read more

Read more

Attila Lindner is This Year’s Winner of the Gábor Kézdi Award Read more

Read more

Tamás Keller was awarded this year's Polányi Károly-Díj Read more

Read more

Tenure-track Research Position at HUN-REN KRTK Institute of Economics Read more

Read more

A rational pension reform package: Hungary, 2025

As part of the Recovery and Resilience Plan (RRP, 2023), the Hungarian government pledged to reform the pension system. The main themes are sustainability and adequacy. The pension plan is to be discussed publicly and put into law by March 2025. The last detailed official pension study was the 2016-discussion paper of the Hungarian National […]

Accident-Induced Absence from Work and Wage Ladders

How do temporary spells of absence from work affect individuals’ labor trajectory? To answer this question, we augment a `wage ladder’ model, in which individuals receive alternative take-it-or-leave-it wage offers from firms and potentially suffer accidents which may push them into temporary absence. In such an environment, during absence, individuals do not have the opportunity […]

In utero shocks and health at birth: the distorting effect of fetal losses

Research on the effect of in utero shocks on health at birth may be influenced by in utero selection. This study outlines a conceptual framework and shows that the results of the standard empirical approach are biased if (i) the exposure changes the probability of fetal death and (ii) health differences exist between deceased and […]

The Labor Market Effects of Disability Benefit Loss

Disability benefits are costly and tend to reduce labor supply.  While costs can be reduced by careful targeting, correcting past eligibility rules or assessment procedures may entail welfare costs. We study a major reform in Hungary that reassessed the health and working capacity of a large share of beneficiaries. Leveraging age and health cutoffs in […]

Geographic and Socioeconomic Variation in Healthcare: Evidence from Migration

We study variation in healthcare utilization across geographies and socioeconomic groups in Hungary. Exploiting migration across geographic regions and relying on high-quality administrative data on healthcare use and income we show that the role of place-specific supply factors is heterogeneous across types of care and across socioeconomic groups. Overall, place-specific factors account for 68% of […]

Regional diversification and labour market upgrading: Local access to skill-related high-income jobs helps workers escaping low-wage employment

This paper investigates how the evolution of local labour market structure enables or constrains workers as regards escaping low-wage jobs. Drawing on the network-based approach of evolutionary economic geography, we employ a detailed individual-level panel dataset to construct skill-relatedness networks for 72 functional labour market regions in Sweden. Subsequent fixed-effect panel regressions indicate that increasing […]

The Great Rush

This paper provides a summary of the latest advancements in generative artificial intelligence using large language models over the past six months. The impact of this breakthrough remains uncertain, but it is evident that GPT is a General-Purpose Technology (GPT) that will significantly alter various aspects of our economy and society in ways that are […]

Which Sectors Go On When There Is a Sudden Stop? An Empirical Analysis

This paper analyzes the dynamics of sectoral Real Gross Value Added (RGVA) around sudden stops in foreign capital inflows. We identify sudden stop episodes statistically from changes in gross capital inflows from the financial account, and use an event study methodology to compare RGVA before and after the start of sudden stops. In the baseline […]

The Effect of Air Pollution on Fertility Outcomes in Europe

This paper studies the effect of ambient air pollution on the number of births in the European Union. We collect air pollution data with web scraping technique and utilize variations in wind, temperature, number of heating, and cooling days as instrumental variables. There are 657 NUTS 3 regions included in the regressions, each with 2 […]