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 […]
Peer Effects on Academic Self-concept: A Large Randomized Field Experiment
Social theories posit that peers affect students’ academic self-concept (ASC). Most prominently, Big-Fish-Little-Pond, invidious comparison, and relative deprivation theories predict that exposure to academically stronger peers decreases students’ ASC, and exposure to academically weaker peers increases students’ ASC. These propositions have not yet been tested experimentally. We executed a large and pre-registered field experiment that […]
MUNKAERŐPIACI TÜKÖR 2021
A Közgazdaság- és Regionális Tudományi Kutatóközpont Közgazdaság-tudományi Intézet által kiadott „Munkaerőpiaci Tükör” című évkönyv-sorozat legfrissebb kötetének tanulmányai a hazai közadatok, a kormányzati szervek által gyűjtött adminisztratív adatok hasznosításáról szólnak. A tanulmányok egyik alapját az az egyedülállóan gazdag adminisztratív adatbázis jelenti, amelyet a Közgazdaság- és Regionális Tudományi Kutatóközpont (KRTK) Adatbankja állított össze.
Digitalization against the shadow economy: evidence on the role of company size
Online cash registers (OCRs) are important tools for reducing the size of the shadow economy. This paper analyzes the impact on reported turnover and tax liability of introducing OCRs in Hungary using a fixed-effects panel and event study model. We identify strong size-related heterogeneity in the retail and the accommodation and food services sectors: smaller […]
Firm Heterogeneity and the Impact of Payroll Taxes
We study the impact of a large payroll tax cut for older workers in Hungary. Motivated by the predictions of a standard equilibrium job search model, we examine the heterogeneous impact of the policy. Employment increases most at low-productivity firms offering low-wage jobs, which tend to hire from unemployment, while the effects are more muted […]
70 ÉVES KÖLLŐ JÁNOS – KÖSZÖNTŐK ÉS TANULMÁNYOK
70 ÉVES KÖLLŐ JÁNOS – KÖSZÖNTŐK ÉS TANULMÁNYOK A kötetet összeállította: Boza István Olvasószerkesztő: Patkós Anna és Boza István Borítóterv: Ilyés Virág és Boza István Kötetterv és nyomdai előkészítés: Boza István és Ilyés Virág
A job trial subsidy for youth: cheap labour or a screening device?
This paper evaluates a 90-day hiring subsidy designed for young jobseekers aged below 25, introduced in Hungary in 2015 as part of the Youth Guarantee programme. The subsidy covers the total wage cost with no obligation to retain the new hire when the subsidy expires. The analysis is based on linked administrative data taken from […]
Vállalkozóvá váló munkanélküliek jellemzői
Jelen tanulmányban azt vizsgáltuk, hogy a 2014-2015 között legalább egy napig regisztrált munkanélküliek milyen tulajdonságok mentén vesznek részt a vállalkozóvá válást elősegítő programokban Magyarországon. Az adatok azt mutatják, hogy némileg hátrányosabb helyzetűek azok a munkanélküliek, akik támogatást vettek igénybe a vállalkozásuk beindításához – magasabb a pályakezdők, nők, alacsonyabb a felsőfokú végzettségűek aránya, kisebb az átlagos […]
The impact of childcare on maternal employment
This paper examines the effect of childcare availability on maternal employment in Hungary based on 2016 Microcensus data. We exploit the exogenous variation in access to childcare due to informal admission practices based on the date of birth, to identify the effect of childcare availability on maternal employment and the children’s enrolment. We find that […]
The gender gap in top jobs – the role of overconfidence
There is a large gender gap in the probability of being in a “top job” in mid-career. Top jobs bring higher earnings, and also have more job security and better career trajectories. Recent literature has raised the possibility that some of this gap may be attributable to women not “leaning in” while men are more […]
No evidence of direct peer influence in upper-secondary track choice—Evidence from Hungary
This paper investigates direct peer influence in upper-secondary track choice in the stratified and selective Hungarian educational system and makes two contributions to the literature. First, it tests both peer-contrasting and peer-conforming influences by considering peers’ GPA and endogenous educational choices. Second, the paper investigates mechanisms behind peer-conforming educational choices (such as peers’ normative pressure […]
Longevity gap, indexation and age-specific average pensions
Studying the age-dimension of the probability distribution of pensions while assuming steadily rising real wages and time-invariant benefit-rules, two factors play important roles: (i) the weight of the wages in indexation of benefits in progress; (ii) the longevity gap. Factor (i) acts against relative depreciation of older benefits, while factor (ii) raises the share of […]
