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Why hedge? : a critical review of theory and empirical evidence

Ammon, Norbert - 1998

environment in which firms operate. Corporate managers, however, rank risk management as one of their most important objectives … suggests that managers act in the best interest of shareholders. They hedge to reduce real costs like taxes, costs of financial … managers maximise their personal utility rather than the market value of equity. Their hedging strategy, therefore, is …

Persistent link: https://www.econbiz.de/10011441429

Heterogeneous labour markets in a microsimulation-AGE model : application to welfare reform in Germany

Boeters, Stefan (contributor); Feil, Michael (contributor) - 2008

Labour market reforms that are designed to stimulate labour supply at the lower end of the wage distribution can never be precisely restricted to affect only the target group. Spillovers to and feedback from other segments of the labour market are unavoidable and may counteract the direct...

Persistent link: https://www.econbiz.de/10003728424

Noncognitive skills, Internet use and educational dropout

Coneus, Katja (contributor); Gernandt, Johannes (contributor) - 2008

Using data from the German Socio-Economic Panel for the years 2000 to 2006 we analyze the determinants and labor market effects of educational dropout. In addition to classical variables like family background and occupation, we examine noncognitive skills and Internet use. Noncognitive skills...

Persistent link: https://www.econbiz.de/10003728547

Rising wage inequality in Germany

Gernandt, Johannes (contributor); … - 2006

This paper investigates the evolution of wages and the recent tendency to rising wage inequality in Germany, based on the German Socio-Economic Panel (GSOEP) for 1984 to 2004. Between 1984 and 1994 the wage distribution was fairly stable. Wage inequality started to increase around 1994 in...

Persistent link: https://www.econbiz.de/10003314699

Skill wage premia, employment, and cohort effects : are workers in Germany all of the same type?

Fitzenberger, Bernd (contributor); Kohn, Karsten (contributor) - 2006

This paper studies the relationship between employment and wage structures in West Germany based on the IAB employment subsample 1975{1997. It extends the analytical framework of Card and Lemieux (2001) which simultaneously includes skill and age as important dimensions of heterogeneity. After...

Persistent link: https://www.econbiz.de/10003338004

Matching of individuals for start-ups : test of the O-ring theory

Müller, Bettina (contributor) - 2008

In this paper I analyse how individuals match for for the purpose of setting up a new firm. As a theoretical basis I use the O-ring theory introduced by Kremer (1993) and applied to new firms by Fabel (2004). The O-ring theory predicts that individuals segregate between firms according to their...

Persistent link: https://www.econbiz.de/10003793876

Workers, firms, or institutions : what determines job duration for male employees in Germany?

Boockmann, Bernhard (contributor); … - 2008

We examine job durations of German workers using linked employeremployee data. Our results indicate that exit rates are strongly influenced by firm characteristics. The effects of some of these characteristics, however, are limited to particular job positions or skill groups. There is clear...

Persistent link: https://www.econbiz.de/10003793918

Can a task-based approach explain the recent changes in the German wage structure?

Antonczyk, Dirk (contributor); … - 2009

This paper investigates the changes in the German wage structure for full-time working males from 1999 to 2006. Our analysis builds on the task-based approach introduced by Autor et al. (2003), as implemented by Spitz-Oener (2006) for Germany, and also accounts for job complexity. We perform a...

Persistent link: https://www.econbiz.de/10003805653

Skill composition and regional entrepreneurship : a comparative study between Germany and Portugal

Mendonça, Joana; Grimpe, Christoph - 2009

The question whether agglomeration externalities arise either from specialization or diversification of economic activity has since long been a major topic in the analysis of factors determining economic growth. In this paper we analyze whether a more specialized or a more diverse skill...

Persistent link: https://www.econbiz.de/10003888000

Ability matching and survival of start-ups

Müller, Bettina - 2009

In this paper, I analyse how the survival of new firms is affected by the average ability level in the founding team, the team size, team members' homogeneity with respect to ability, and team members' heterogeneity with respect to education. As a theoretical basis, I apply the O-ring theory...

Persistent link: https://www.econbiz.de/10003871339

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