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Should continued family firms face lower taxes than other estates?

Grossmann, Volker; Strulik, Holger - 2008

Inheritance taxes may induce heirs to discontinue family firms. Because firm dissolution incurs transaction costs, a preferential tax treatment of transferred family businesses seems to be desirable from a macroeconomic viewpoint. The support of dynastic succession, however, entails also a cost...

Persistent link: https://www.econbiz.de/10010265682

Identification of models of the labor Market

French, Eric; Taber, Christopher - 2010

This chapter discusses identification of common selection models of the labor market. We start with the classic Roy model and show how it can be identified with exclusion restrictions. We then extend the argument to the generalized Roy model, treatment effect models, duration models, search...

Persistent link: https://www.econbiz.de/10010292202

Liquidity constraints, informal financing, and entrepreneurship: Direct and indirect effects of a cash transfer programme

Ribas, Rafael P. - 2014

This paper exploits a liquidity shock from a large-scale welfare programme in Brazil to investigate the importance of credit constraints and informal financial assistance in explaining entrepreneurship. Previous research focuses exclusively on how liquidity shocks change recipients' behaviour...

Persistent link: https://www.econbiz.de/10011335903

Does the Early Bird Catch the Worm? Instrumental Variable Estimates of Educational Effects of Age of School Entry in Germany

Weber, Andrea Maria; Puhani, Patrick A. - 2006

We estimate the effect of age of school entry on educational outcomes using two different data sets for Germany, sampling pupils at the end of primary school and in the middle of secondary school. Results are obtained based on instrumental variable estimation exploiting the exogenous variation...

Persistent link: https://www.econbiz.de/10010277074

Persistence of the school entry age effect in a system of flexible tracking

Puhani, Patrick A.; Weber, Andrea Maria - 2007

In Germany, the streaming of students into an academic or nonacademic track at age 10 can be revised at later stages of secondary education. To investigate the importance of such revisions, we use administrative data on the student population in the German state of Hessen to measure the...

Persistent link: https://www.econbiz.de/10010277084

How do judgmental overconfidence and overoptimism shape innovative activity?

Herz, Holger; Schunk, Daniel; Zehnder, Christian - 2013

that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … innovative activity. While overoptimism is positively associated with innovation, judgmental overconfidence is negatively linked … to innovation. Our results indicate that future research is well advised to take into account that the relationship …

Persistent link: https://www.econbiz.de/10010332036

Parenting with style: Altruism and paternalism in intergenerational preference transmission

Doepke, Matthias; Zilibotti, Fabrizio - 2012

innovation. …

Persistent link: https://www.econbiz.de/10010316863

How do judgmental overconfidence and overoptimism shape innovative activity?

Herz, Holger; Schunk, Daniel; Zehnder, Christian - 2013

that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … innovative activity. While overoptimism leads to an innovation enhancing effect, judgmental overconfidence inhibits innovation …. Our results indicate that future research is well advised to take into account that the relationship between innovation …

Persistent link: https://www.econbiz.de/10010316868