Research and other papers

New research:The Impact of the Earned Income Tax Credit in Israel on the Employment of Its Recipients and Their Spouses
19/02/2020 | The Impact of the Earned Income Tax Credit in Israel on the Employment of Its Recipients and Their Spouses Research by Adi Brender and Michel Strawczynski
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New research:Over-education and Mismatch between Occupation and Major Subject among University and College Graduates
01/01/2020 | Approximately 14 percent of undergraduate degree holders in Israel are employed in situations of over-education (in which the number of years of the employee’s study is greater than the average among those employed in that occupation)
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The impact of raising the official retirement age on the actual retirement date of employees and their spouses
25/12/2019 | • The findings on the interdependencies of raising the official retirement age of spouses on their labor market participation indicate that it is important to analyze the increase in the retirement age in the context of a couple
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Brothers vs. Sisters: The effect of the gender composition on an individual's labor market performance
17/12/2019 | This study examines how the gender of adult siblings affects the wages of workers, and whether this effect is consistent with the parents' country of birth
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Does Location Matter? Evidence on Differential Mortgage Pricing in Israel
10/12/2019 | New Research at the Bank of Israel: Does Location Matter? Evidence on Differential Mortgage Pricing in Israel
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Measuring Communication Quality in the Bank of Israel's Interest Rate Announcements
24/10/2019 | This box is based on a number of indices that have been developed in this research literature, and presents preliminary findings regarding the quality of communication in the Bank of Israel's published interest rate announcements.
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Illegal trade in work permits for Palestinian workers in Israel
25/09/2019 | Illegal trade in work permits for Palestinian workers in Israel: The existing situation and a planned reform
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The gaps in wages, skills, and schooling between Israeli workers and those in the OECD
24/09/2019 | The gaps in wages, skills, and schooling between Israeli workers and those in the OECD: An analysis by wage decile
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Assessing the effectiveness of the "Scientific-Technological Reserves" and "Give Five" programs
23/09/2019 | Assessing the effectiveness of the "Scientific-Technological Reserves" and "Give Five" programs in increasing the share of those taking high levels of math and scientific-technological subjects
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Supply of bus services to Arab localities
22/09/2019 | In the past decade, the quality-of-service gap between Arab and Jewish localities in public transportation (via bus) narrowed, but the trend has not been uniform.
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A new statistical tool (“The Sentiment Index”) converts results of the Business Tendency Survey
09/09/2019 | New Research: A new statistical tool (“The Sentiment Index”) converts results of the Business Tendency Survey into a real time estimate of the GDP growth rate
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Increasing the Standard of Living in Israel by Increasing Labor Productivity
18/08/2019 | Special Research Department Report: Increasing the Standard of Living in Israel by Increasing Labor Productivity
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The development over time of expenditure per student and a teacher-quality index
26/03/2019 | Topics in education: The development over time of expenditure per student and a teacher-quality index
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Structural change in agriculture: Decline in the share of water-intensive crop industries
24/03/2019 | The use of water in agriculture has become much more efficient in recent decades, in view of the increase in the price of water for growers: the output per unit of water has increased markedly.
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The effective retirement age a decade after the increase in the retirement age
12/03/2019 | The average effective retirement age, the age at which workers aged 50 and over leave the labor force, has increased over the years. The rise in the statutory retirement age between 2004 and 2009 contributed to the increase among both men and women
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New research: The effect of public transportation on employment in Arab society
05/03/2019 | New research has found that the improvement in public transportation has had, at least to date, a minimal impact on employment in Arab society, and particularly it was not found that it led to women joining the labor force.
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Exchange rate pass-through to prices
27/02/2019 | The exchange rate pass-through to prices is defined as the change in prices deriving from a change in the exchange rate.
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Changes in the share of first home buyers among young people, based on income level
26/02/2019 | Changes in the share of first home buyers among young people, based on income level
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New Research: Getting to Work in Israel: Locality and Individual Effects
18/02/2019 | Research published today by the Bank of Israel analyzes the effects of employee characteristics and the public transportation infrastructure on the manner of getting to work.
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The Impact of Yields Abroad and the Public Debt on Real Yields of Israeli Government Bonds: A Reexamination
12/02/2019 | The Impact of Yields Abroad and the Public Debt on Real Yields of Israeli Government Bonds: A Reexamination
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Private transportation in Israel: An analysis of developments in the past two decades
11/02/2019 | Private transportation in Israel: An analysis of developments in the past two decades
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The Wage Premium on Higher Education: Universities and Colleges
01/01/2019 | A study published today by the Bank of Israel examines the increase in wages as a result of obtaining higher education at different types of institutions in Israel (universities, private colleges and public colleges).
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The Bank of Israel publishes the Financial Stability Report for the second half of 2018
23/12/2018 | The Bank of Israel publishes the Financial Stability Report for the second half of 2018
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An excerpt from the Financial Stability Report to be published soon: Commercial real estate in Israel
19/12/2018 | An excerpt from the Financial Stability Report to be published soon: Commercial real estate in Israel
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It Takes More than Two to Tango: Understanding the Dynamics Behind Multiple Bank Lending and its Implications
17/12/2018 | It Takes More than Two to Tango: Understanding the Dynamics Behind Multiple Bank Lending and its Implications
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LTV Limits and Borrower Risk
17/12/2018 | Within the framework of the joint international conference on systemic risks and macroprudential limitations, held by Bank of Israel and the CEPR, the Bank of Israel is presenting research entitled:
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The Bank of Israel’s International Conference on Systemic Risk and Macroprudential Policy
17/12/2018 | The international conference, entitled “Systemic Risk and Macroprudential Policy” is being held by Bank of Israel in collaboration with the CEPR in Tel Aviv on December 17–18, 2018.
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New Research: The Effect of Print Media Tone on the Equity Market in Israel
24/10/2018 | “Much Ado About Nothing”? The Effect of Print Media Tone on the Equity Market in Israel
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Fiscal Policy in the Past Two Years and Fiscal Projection for 2019-2022
22/08/2018 | The Bank of Israel is releasing today a fiscal survey that analyzes the 2018 and 2019.
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The Effect of the Size of Child Allowances on the Labor Supply
20/08/2018 | How do government allowances impact on the labor supply? This question has considerable importance in light of the major changes made by the government in the size and composition of the allowances in recent years
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New research: The strategies employed by algorithmic traders on the Tel Aviv Stock Exchange
25/07/2018 | New research: The strategies employed by algorithmic traders on the Tel Aviv Stock Exchange and the connection between them and indicators of trading quality
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The ability to get to work by public transit from various localities in Israel: Relative Accessibility Index
23/07/2018 | There are clear differences between the localities in Israel in terms of the possibility of getting to places of work by public transit relative to the possibility of getting there by private vehicle.
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Competition between gas stations in the Israeli diesel market
18/07/2018 | This analysis makes innovative use of data from Waze on travel duration between gas stations to calculate the characteristics of the stations’ control areas.
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The Immediate and Persistent Effect of the Bank of Israel’s Foreign Exchange Purchases on the Exchange Rate
02/07/2018 | Research conducted at the Bank of Israel finds that the discretionary foreign exchange purchases by the Bank of Israel beginning in 2009 led to an immediate depreciation in the shekel vis-à-vis the dollar in more than 90 percent of the cases.
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New Research: To Accept or Not to Accept? Considerations in Providing Credit Insurance
07/05/2018 | The research finds that the factors with the greatest impact on the decision are the size of the insured company, the diversification of the insurer’s activities in various countries, and the risk of the insured company’s clients
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Excerpt of a box on investment in housing and in the capital market: a historical comparison
15/01/2018 | The price increases, low interest rates on mortgages, and low returns in other investment channels put the question of whether investment in a dwelling is preferable to investment in the capital market on the public agenda.
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New Research- The Wage Response to a Reduction in Income Tax Rates: The 2003–09 Tax Reform in Israel
07/01/2018 | New Research- The Wage Response to a Reduction in Income Tax Rates: The 2003–09 Tax Reform in Israel
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The Effect of Vocational Education on Short- and Long-Term Outcomes: Evidence from the Arab Education System in Israel
05/12/2017 | Approximately one-third of high school students in Israel study in vocational education tracks. The study estimates the effect of vocational education compared to general studies in high school on a range of outcomes.
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Publication of “Selected Research Analyses” and the final paper from that collection, dealing with changes in the risk distribution mechanism in the pension funds
07/11/2017 | The changes made in the pension funds are reducing the intergenerational distribution of risk, since in recent years it has created actuarial deficits (basically an intergenerational subsidy) due to how the yield and the interest rate are set.
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New Research: Does financial regulation unintentionally ignore less privileged population groups?
15/10/2017 | Research conducted by Prof. Orly Sade of the Hebrew University of Jerusalem and Maya Haran Rosen of the Bank of Israel examines the “Money Mountain” regulation as a test case of digital financial regulation regarding pension savings.
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