Potentially hidden unemployment in the Portuguese labor market data

The unemployment classification relies on the degree of attachment to the labor market, based on the job search criterion. An individual aged between 15 and 74 years-old is considered to be unemployed if he or she is not working, but is actively searching for a job and is available to start working within the next… Continue reading Potentially hidden unemployment in the Portuguese labor market data

Evaluating the effects of the soda tax on prices and consumption in Portugal

More than 40 countries around the world and a handful of American cities have introduced, or are considering introducing, soda taxes. In addition to raising tax revenues, these instruments aim to reduce the consumption of products whose prices do not reflect their true social costs, by making them comparatively more expensive (and increasing awareness about… Continue reading Evaluating the effects of the soda tax on prices and consumption in Portugal

The China shock and employment in Portuguese firms

China’s rise as an export powerhouse has impacted labor markets across the Western world – but the effects appear to differ dramatically across countries.  We evaluate the impact of rising Chinese exports on employment in Portuguese manufacturing industries by looking at both direct competition in the Portuguese market and indirect competition in Portugal’s largest export… Continue reading The China shock and employment in Portuguese firms

The impact of international migration on the Portuguese public pension system: a scenario analysis

Migration might constitute one possible pathway to mitigating the effects of the aging population on the financial stability of pension systems as migrant flows tend to present younger age-structures than their receiving countries. While this argument was proposed a few decades ago and subject to discussion ever since, there have only been a few empirical… Continue reading The impact of international migration on the Portuguese public pension system: a scenario analysis

Local Territorial Reform and Regional Spending Efficiency

Quite often, one encounters arguments advocating that mergers or amalgamation of territorial units are a pathway to reduce public spending and increase efficiency, pointing to advantages of economies of scale in the provision of public services. However, this article argues that these advantages might have been oversold. The article assesses the changes on municipal efficiency… Continue reading Local Territorial Reform and Regional Spending Efficiency

Selection of projects to the Portuguese Innovation Incentive System

It is often argued that public policies to support investment and innovation play a vital role when firms have difficulties in accessing external finance. However, several studies have demonstrated that public support can have no effect on the policy targets or even have a negative effect on firm performance. Oneexplanation for these findings could be… Continue reading Selection of projects to the Portuguese Innovation Incentive System

Private saving determinants in Portugal

The combination of projected expenditure increases in the Portuguese public pension scheme and low rates of private saving constitutes a policy challenge, not least because the former may be associated with the later. The impact of public pension wealth on private saving has been widely studied since the late 1970’s, yet no consensus on the… Continue reading Private saving determinants in Portugal