Environmental protection systems during periods of economic downturns

Economic Downturns and Crime

The United States is currently recovering from a broad recession that is considered the longest-lasting economic downturn since World War II. Various indicators of economic strength, such as the unemployment rate and foreclosures, reached their worst showings in decades during the recession and the following months. The current state of the economy has continued to spark debate concerning wheth...

Economic Development and Environmental Protection

There is a long-standing debate on the relationship between economic development and environmental quality. From a sustainable development viewpoint there has been a growing concern that the economic expansion of the world economy will cause irreparable damage to our planet. In the last few years several studies have appeared dealing with the relationship between the scale of economic activity ...

Career Progression, Economic Downturns, and Skills

This paper analyzes the career progression of skilled and unskilled workers, with a focus on how careers are affected by economic downturns, and whether formal skills, acquired early on, are able to shield workers from the effect of recessions. We estimate a dynamic life-cycle model of education choice, labor supply and wage progression using detailed administrative data for Germany for numerou...

The Network Origins of Large Economic Downturns∗

This paper shows that large economic downturns may result from the propagation of microeconomic shocks over the input-output linkages across different firms or sectors within the economy. Building on the framework of Acemoglu et al. (2012), we argue that the economy’s input-output structure can fundamentally reshape the distribution of aggregate output, increasing the likelihood of large downtu...

Economic Incentives: Options for Environmental Protection