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Albornoz-Crespo, Facundo; Cabrales, Antonio; Hauk, Esther - C.E.P.R. Discussion Papers - 2011

Immigration is an important problem in many societies, and it has wide-ranging eects on the educational systems of host … family immigration in a framework where school quality and student outcomes are determined endogenously. This allows us to …, we can study the eect of immigration on the school system and how school quality may self-reinforce immigrants' and …

Persistent link: https://www.econbiz.de/10009365649

Which Immigrants Are Most Innovative and Entrepreneurial: Distinctions by Entry Visa

Hunt, Jennifer - C.E.P.R. Discussion Papers - 2010

Using the 2003 National Survey of College Graduates, I examine how immigrants perform relative to natives in activities likely to increase U.S. productivity, according to the type of visa on which they first entered the United States. Immigrants who first entered on a student/trainee visa or a...

Persistent link: https://www.econbiz.de/10008468510

Can Vocational Education Improve the Wages of Minorities and Disadvantaged Groups? The Case of Israel

Neuman, Shoshana; Ziderman, Adrian - C.E.P.R. Discussion Papers - 2001

There is a considerable empirical literature which compares wage levels of workers who have studied at secondary vocational schools with wages of workers who took academic schooling. In general, vocational education does not lead to higher wages. In some countries where labour markets are...

Persistent link: https://www.econbiz.de/10005123991

Doctors without Borders: The Returns to an Occupational License for Soviet Immigrant Physicians in Israel

Kugler, Adriana D.; Sauer, Robert M - C.E.P.R. Discussion Papers - 2003

Re-licensing requirements for professionals that move across borders are widespread. In this Paper, we measure the returns to an occupational license using novel data on Soviet trained physicians that immigrated to Israel. An immigrant re-training assignment rule used by the Israel Ministry of...

Persistent link: https://www.econbiz.de/10005136637

Political Connections and Firm Value: Evidence from the Regression Discontinuity Design of Close Gubernatorial Elections

Do, Quoc-Anh; Lee, Yen-Teik; Nguyen, Bang Dang - C.E.P.R. Discussion Papers - 2015

Using the regression discontinuity design of close gubernatorial elections in the U.S., we identify a significant and positive impact of the social networks of corporate directors and politicians on firm value. Firms connected to elected governors increase their value by 3.89%. Political...

Persistent link: https://www.econbiz.de/10011249372

Monitoring the Monitors: Amakudari and the Ex-Post Monitoring of Private Banks

Hassink, Wolter; van Rixtel, Adrian - C.E.P.R. Discussion Papers - 1998

The paper investigates whether the Japanese monetary authorities use post-retirement employment of Ministry of Finance (MoF) and Bank of Japan (BoJ) officials as a policy instrument. The authors also investigate whether industrial groupings (keiretsu) and main banks have monitoring functions....

Persistent link: https://www.econbiz.de/10005789103

Firms' Decisions on Where to Incorporate

Bebchuk, Lucian Arye; Cohen, Alma - C.E.P.R. Discussion Papers - 2002

This Paper empirically investigates the decisions of US publicly traded firms on where to incorporate. We study the features of states that make them attractive to incorporating firms and the characteristics of firms that determine whether they incorporate in or out of their state of location....

Persistent link: https://www.econbiz.de/10005123946

The Market for Corporate Law

Bar-Gill, Oren; Barzuza, Michal; Bebchuk, Lucian Arye - C.E.P.R. Discussion Papers - 2002

This Paper develops a model of the competition among states in providing corporate law rules. The analysis provides a full characterization of the equilibrium in this market. Competition among states is shown to produce optimal rules with respect to issues that do not have a substantial effect...

Persistent link: https://www.econbiz.de/10005114390

Business Groups in the United States: A Revised History of Corporate Ownership, Pyramids and Regulation, 1930-1950

Kandel, Eugene; Kosenko, Konstantin; Morck, Randall; … - C.E.P.R. Discussion Papers - 2013

The extent to which business groups ever existed in the United States and, if they did exist, the reasons for their disappearance are poorly understood. In this paper we use hitherto unexplored historical sources to construct a comprehensive data set to address this issue. We find that (1)...

Persistent link: https://www.econbiz.de/10011083947

The Brain Gain of Corporate Boards: A Natural Experiment from China

Giannetti, Mariassunta; Liao, Guanmin; Yu, Xiaoyun - C.E.P.R. Discussion Papers - 2012

We study the impact of directors with foreign experience on firms in emerging markets. To establish causality, we use a unique dataset from China and exploit that at different times, Chinese provinces introduced policies to attract highly talented emigrants. These policies led to an exogenous...

Persistent link: https://www.econbiz.de/10011084604

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