Time discounting predicts loan forbearance takeup
During the COVID-19 pandemic, many countries eased the burden of borrowers through loan forbearance. Using a representative sample of the Hungarian adult population, we investigate if time discounting and locus of control predict who takes up loan forbearance. We find convincing evidence that time discouting associates with the resort to forbearance: individuals who discount the […]
Dissecting Global Value Chains: Evidence from the global automotive industry
The potential restructuring of global value chains (GVCs) is a widely discussed question in current debates. At the same time, a proper way of capturing these value chains is challenging. This paper focuses on the automotive industry, using detailed data on firm-to-firm transactions in Hungary, as well as on cross-border sales and purchases. Its aim […]
Egy korai francia szál David Ricardo adóelméletéhez
David Ricardo (és Adam Smith) adóelméletének interpretációja a mai napig angolszász szemléletű, noha fogantatása francia (is) volt. A történeti előzmények felelevenítésének szándékát megerősítette, hogy az utóbbi évtizedben egyre több szerző elmélettörténeti visszatekintéssel alapozza meg gondolatmenetét. A Smith és Ricardo nevével fémjelzett klasszikus iskoláig nyúlnak vissza. Hátterükben azonban ott voltak a fiziokraták, akiktől átvették adóelméletük lényegét, […]
The Labor Market and Fertility Impacts of Decreasing the Compulsory Schooling Age
While an extensive literature investigates the effects of longer schooling, we know very little about what happens when compulsory schooling is shortened. This paper looks at the effects of a reform in Hungary that decreased the school leaving age from 18 to 16. We show that the reform increased the probability of being neither in […]
Prices and Quantities of New Products Hungarian Firm and Product Level Data
This paper analyzes the driving factors of growth of quantities and prices of the new products for Hungarian firms between 2001 and 2016. It investigates how price levels are correlated with firm and market characteristics, and the time path of the share of new products. Larger and more productive firms were able to sell their […]
The effects of centralisation of school governance and funding on inequalities in education Lessons from a policy reform in Hungary
In 2013 the responsibility for school governance and funding has been transferred from local governments to a central government agency in Hungary. The key objectives of this reform, as stated by policy makers, was to mitigate interjurisdictional inequalities in education. This paper explores whether the reform had an equalizing effect on education resources on the […]
Collective conceptualization of parental support of dual career athletes: The EMPATIA framework
This study aimed to use a concept mapping methodology (Trochim, 1986b) to develop a European framework of the needs of parents and guardians for supporting athletes combining sport and education (dual career). By means of a concept mapping methodology, we gathered 337 French, Irish, Italian, Portuguese, and Slovenian parents’ demographical data linked with their sorted […]
Multiple futures for society, research, and innovation in the European Union: Jumping ahead to 2038
We contribute to the Responsible Research and Innovation (RRI) literature in two ways: (i) we consider how societal aspects are taken into account in research and innovation activities in four fundamentally different futures, as opposed to analysing current practices; and (ii) put the emphasis on the framework conditions, as opposed to focussing on RRI principles […]
Intergenerational educational mobility – the role of non-cognitive skills
While it has been shown that university attendance is strongly predicted by parental education, we know very little about why some potential ‘first in family’ or first-generation students make it to university and others do not. This paper looks at the role of non-cognitive skills in the university participation of this disadvantaged group in […]
Do co-worker networks increase or decrease productivity differences? An agent-based model
Do labor mobility, and co-worker networks contribute to convergence or divergence between regions? Based on the previous literature, labor mobility contributes to knowledge transfer between firms. Therefore, mobility may contribute to decreasing productivity differences, while limited mobility to sustaining higher differences. The effect of co-worker networks, however, can be twofold in this process. They transmit […]
Uniqueness of Clearing Payment Matrices in Financial Networks
We study bankruptcy problems in financial networks in the presence of general bankruptcy laws. The set of clearing payment matrices is shown to be a lattice, which guarantees the existence of a greatest and a least clearing payment. Multiplicity of clearing payment matrices is both a theoretical and a practical concern. We present a new […]
Financial crisis and inequality in Hungary
The goal of this paper is to analyze the connections Hungarian income and wealth distribution on the one hand, and the macroeconomics impacts of the global financial crisis of 2007-2008 on the other hand. To do this, I build a heterogenous agent, dynamic, general equilibrium model, which I calibrate using Hungarian income distribution data before […]
