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Institutional reform and depositors' portfolio choice : evidence from censored quantile regressions

Berlemann, Michael; Luik, Marc-André - 2014

In this paper we study the effect of institutional reform on the decision to hold risky assets at the extensive and the intensive margin. We therefore make use of the natural experiment of German Division and Reunification and, based on savings bank customer data from German savings banks, study...

Persistent link: https://www.econbiz.de/10010349868

Being independent is a great thing : subjective evaluations of self-employment and hierarchy

Frey, Bruno S.; Benz, Matthias - 2003

One can be independent, or subject to decisions made by others. This paper empirically tests whether individuals attach an intrinsic value to the institutional difference between independence and hierarchy. Taking self-employment as an important case of independence, it is shown that the...

Persistent link: https://www.econbiz.de/10011507967

Dynamic causal forests, with an application to payroll tax incidence in Norway

Gavrilova, Evelina; Langørgen, Audun; Zoutman, Floris T. - 2023

This paper develops a machine-learning method that allows researchers to estimate heterogeneous treatment effects with panel data in a setting with many covariates. Our method, which we name the dynamic causal forest (DCF) method, extends the causal-forest method of Wager and Athey (2018) by...

Persistent link: https://www.econbiz.de/10014307152

Initial capital constraints hinder entrepreneurial venture performance : an empirical analysis

Praag, Mirjam van - 2003

A novel method is applied to evaluate the effect of capital constraints on entrepreneurial performance on a panel of 1 …,000 Dutch entrepreneurs. We find that initial capital constraints hinder entrepreneurs in their performance, even when we … control for various human capital and other factors that might affect both performance and credit scoring outcomes. We use a …

Persistent link: https://www.econbiz.de/10011506454

Differential performance in high vs. low stakes tests : evidence from the GRE test

Schlosser, Analia; Neeman, Zvika; Attali, Yigal - 2019

We study how different demographic groups respond to incentives by comparing their performance in "high" and "low … section of the GRE. We find that Males exhibit a larger drop in performance between the high and low stakes examinations than … females, and Whites exhibit a larger drop in performance compared to minorities. Differences between high and low stakes tests …

Persistent link: https://www.econbiz.de/10011996241

Firm response to competitive shocks : evidence from China's minimum wage policy

Hau, Harald; Huang, Yi; Wang, Gewei - 2017

The large regional variation in minimum wage levels in the period 2002-08 in China implies that Chinese manufacturing firms experienced competitive shocks as a function of firm location and their low-wage employment share. We find that minimum wage hikes accelerate the input substitution from...

Persistent link: https://www.econbiz.de/10011718640

Skills substitutability and technological progress : U.S. states 1950-1990

Ciccone, Antonio; Peri, Giovanni - 2003

In this article we estimate the long-run aggregate elasticity of substitution between skilled and unskilled workers. This is an important parameter as it allows us to compute the skill biased technological progress (SBTP) from the evolution of relative wages. However, it is hard to estimate...

Persistent link: https://www.econbiz.de/10011509429

Managing trade : evidence from China and the US

Bloom, Nicholas; Manova, Kalina; Van Reenen, John; Sun, … - 2018

We present a heterogeneous-firm model in which management ability increases both pro- duction efficiency and product quality. Combining six micro-datasets on management prac- tices, production and trade in Chinese and American firms, we find broad support for the model's predictions. First,...

Persistent link: https://www.econbiz.de/10011864551

International R&D spillovers and marginal social returns on R&D

Ogawa, Kazuo; Sterken, Elmer; Tokutsu, Ichiro - 2016

We analyze the impact of international R&D spillovers on recipient countries in terms of social and private returns. We divide the aggregate R&D stock by the business, government and education sectors and examine the impact on Total Factor Productivity. We endogenize the accrual of the R&D...

Persistent link: https://www.econbiz.de/10011573960