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Exponential Growth Bias and Financial Literacy

Almenberg, Johan; Gerdes, Christer - Institut zur Zukunft der Arbeit <Bonn> - 2011

The tendency to underestimate the future value of a variable growing at a constant rate, anexample of exponential growth bias, has been linked to household financial decision making.We show that exponential growth bias and standard measures of financial literacy arenegatively correlated in a...

Persistent link: https://www.econbiz.de/10009353904

Job Creation by Firms in Denmark

Ibsen, Rikke; Westergård-Nielsen, Niels C. - Institut zur Zukunft der Arbeit <Bonn> - 2011

In this paper we will look at job creation and destruction in firms. We will answer the questionif it is the large companies that create jobs, while the smaller companies are contributingmuch less. Or is it the young companies that create jobs? And who destroys the most jobs?In the crisis...

Persistent link: https://www.econbiz.de/10009360550

Returns for Entrepreneurs vs. Employees: The Effectof Education and Personal Control on the RelativePerformance of Entrepreneurs vs. Wage Employees

Praag, Mirjam van; Witteloostuijn, Arjen van; Sluis, … - Institut zur Zukunft der Arbeit <Bonn> - 2009

How valuable is education for entrepreneurs’ performance as compared to employees’?What might explain any differences …? And does education affect peoples’ occupationalchoices accordingly? We answer these questions based on a large panel of US … labor forceparticipants. We show that education affects peoples’ decisions to become an entrepreneurnegatively. We show …

Persistent link: https://www.econbiz.de/10009360612

The Effect of Product Market Competition onJob Instability

Aparicio Fenoll, Ainhoa - Institut zur Zukunft der Arbeit <Bonn> - 2011

This paper assesses the impact of product market competition on job instability as proxied bythe use of fixed-term labor contracts. Using both worker data from the Spanish Labor ForceSurvey and firm data from the Spanish Business Strategies Survey, I show that job instabilityrises with...

Persistent link: https://www.econbiz.de/10009360527

Corporate R&D and Firm Effi ciency:Evidence from Europe’s Top R&D Investors

Kumbhakar, Subal; Ortega-Argilés, Raquel; Potters, Lesley - Institut zur Zukunft der Arbeit <Bonn> - 2009

The main objective of this study is to investigate the impact of corporate R&D activities onfirms’ performance, measured by labour productivity. To this end, the stochastic frontiertechnique is applied, basing the analysis on a unique unbalanced longitudinal datasetconsisting of 532 top...

Persistent link: https://www.econbiz.de/10009360610

Product Market Regulation, Firm Size, Unemploymentand Informality in Developing Economies

Charlot, Olivier; Malherbet, Franck; Terra, Cristina - Institut zur Zukunft der Arbeit <Bonn> - 2011

This paper studies the impact of product and labor market regulations on informality andunemployment in a general framework where formal and informal firms are subject to thesame externalities, differing only with respect to some parameter values. Both formal andinformal firms have monopoly...

Persistent link: https://www.econbiz.de/10009360540

Income Tax Flattening:Does It Help to Reduce the Shadow Economy?

Sabirianova Peter, Klara - Institut zur Zukunft der Arbeit <Bonn> - 2009

This paper examines the effect of global transition to simpler, flatter income tax systems onthe size of the shadow economy. By offering a new estimation framework, the paper revivesthe traditional electricity consumption approach to measuring the shadow economy. Itovercomes the limitations of...

Persistent link: https://www.econbiz.de/10009360631