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Education and Entrepreneurial Choice: An Instrumental Variables Analysis
Block, Joern H.; Hoogerheide, Lennart; Thurik, Roy - Tinbergen Institute - 2009
Education is argued to be an important driver of the decision to start a business. The measurement of its influence, however, is difficult since it is considered to be an endogenous variable. This study accounts for this endogeneity by using an instrumental variables approach
Persistent link: https://www.econbiz.de/10008513229
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Are Education and Entrepreneurial Income Endogenous and do Family Background Variables make Sense as Instruments? A Bayesian Analysis
Block, Joern H.; Hoogerheide, Lennart; Thurik, Roy - Tinbergen Institute - 2010
Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from endogeneity suspicion. For instance, ability and occupational choice are mentioned as driving both the level of (entrepreneurial) income and of education. Using instrumental...
Persistent link: https://www.econbiz.de/10008838535
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Education and Entrepreneurial Choice: An Instrumental Variables Analysis
Block, Joern H.; Hoogerheide, Lennart; Thurik, Roy - Tinbergen Instituut - 2009
This discussion paper resulted in a publication in the 'International Small Business Journal' (2013). Volume 31, issue 1, pages 23-33.<P> Education is argued to be an important driver of the decision to start a business. The measurement of its influence, however, is difficult since it is considered...</p>
Persistent link: https://www.econbiz.de/10011257474
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Are Education and Entrepreneurial Income Endogenous and do Family Background Variables make Sense as Instruments? A Bayesian Analysis
Block, Joern H.; Hoogerheide, Lennart; Thurik, Roy - Tinbergen Instituut - 2010
See also 'Are Education and Entrepreneurial Income Endogenous?' in <I>Entrepreneurship Research Journal</I> (2012), 2(3), 1-27.<P> Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from endogeneity suspicion. For instance, ability and...</p></i>
Persistent link: https://www.econbiz.de/10011257490
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Coordination failures, bank runs and asset prices
Bucher, Monika; Dietrich, Diemo; Tvede, Mich - 2018
We study efficiency properties of competitive economies in which banks provide liquidity insurance and interact on … secondary asset markets. While all banks are subject to extrinsic risk, a bank's portfolio choice determines whether it is prone … new source of multiplicity of equilibrium. For low sunspot probabilities, there are equilibria in which all banks are run …
Persistent link: https://www.econbiz.de/10011903708
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Bank capital buffers in a dynamic model
Mankart, Jochen; Michaelides, Alexander G.; Pagratis, Spyros - 2019
We estimate a dynamic structural banking model to examine the interaction between risk-weighted capital adequacy and unweighted leverage requirements, their differential impact on bank lending, and equity buffer accumulation in excess of regulatory minima. Tighter risk-weighted capital...
Persistent link: https://www.econbiz.de/10011955629
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Risk Diversification by European Financial Conglomerates
Slijkerman, Jan Frederik; Schoenmaker, Dirk; Vries, … - Tinbergen Instituut - 2005
We study the dependence between the downside risk of European banks and insurers. Since the downside risk of banks and … diversification within large banks and financial conglomerates. We discuss the limited value of the normal distribution based … versus large banks. …
Persistent link: https://www.econbiz.de/10011255734
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Competition and Entry in Banking: Implications for Stability and Capital Regulation
Boot, Arnoud W.A.; Marinc, Matej - Tinbergen Institute
extant literature in that it recognizes the fixed costs associated with banks' monitoring technologies. These costs make … market share and scale important for the banks' cost structures. Our most striking result is that increasing (costly) capital … requirements can lead to more entry into banking, essentially by reducing the competitive strength of lower quality banks. We also …
Persistent link: https://www.econbiz.de/10005209515
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Risk Diversification by European Financial Conglomerates
Slijkerman, Jan Frederik; Schoenmaker, Dirk; Vries, … - Tinbergen Institute
We study the dependence between the downside risk of European banks and insurers. Since the downside risk of banks and … diversification within large banks and financial conglomerates. We discuss the limited value of the normal distribution based … versus large banks. …
Persistent link: https://www.econbiz.de/10005137073
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Competition and Entry in Banking: Implications for Stability and Capital Regulation
Boot, Arnoud W.A.; Marinc, Matej - Tinbergen Instituut - 2006
extant literature in that it recognizes the fixed costs associated with banks' monitoring technologies. These costs make … market share and scale important for the banks' cost structures. Our most striking result is that increasing (costly) capital … requirements can lead to more entry into banking, essentially by reducing the competitive strength of lower quality banks. We also …
Persistent link: https://www.econbiz.de/10011257508