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International Rent Sharing in Multinational Firms

Budd, John W; Konings, Jozef; Slaughter, Matthew - C.E.P.R. Discussion Papers - 2002

We use a unique firm-level panel data set of multinational parents and their foreign affiliates to analyse whether profits are shared across borders within multinational firms. Using both fixed-effects and generalized method-of-moments estimators, affiliate wage levels are estimated to respond...

Persistent link: https://www.econbiz.de/10005124227

The Evolution of Aggregate Stock Ownership---A Unified Explanation

Rydqvist, Kristian; Spizman, Joshua; Strebulaev, Ilya - C.E.P.R. Discussion Papers - 2009

Since World War II, direct stock ownership by households has largely been replaced by indirect stock ownership by financial institutions. We argue that tax policy is the driving force. Using long time-series from eight countries, we show that the fraction of household ownership decreases with...

Persistent link: https://www.econbiz.de/10004969127

Household Stockholding in Europe: Where Do We Stand, and Where Do We Go?

Guiso, Luigi; Haliassos, Michalis; Jappelli, Tullio - C.E.P.R. Discussion Papers - 2003

We discuss the current state of stock ownership among households in major European countries (France, Germany, Italy, the Netherlands, Sweden and the UK), drawing parallels and contrasts with the US experience. We use detailed microeconomic datasets and explore the extent to which observed...

Persistent link: https://www.econbiz.de/10005656278

Direct Evidence of Dividend Tax Clienteles

Dahlquist, Magnus; Robertsson, Göran; Rydqvist, Kristian - C.E.P.R. Discussion Papers - 2006

We study a large data set of stock portfolios held by individuals and organizations in the Swedish stock market. The dividend yields on these portfolios are systematically related to investors' relative tax preferences for dividends versus capital gains. Tax-neutral investors earn 40 basis...

Persistent link: https://www.econbiz.de/10005662033

Is the Export-Led Growth Hypothesis Valid for Industrialized Countries?

Marin, Dalia - C.E.P.R. Discussion Papers - 1990

attempts to examine this relationship, while recent trade theory suggests that the relationship between trade and productivity …The comovement between exports and productivity observed in many countries suggests a direct link between these two … suggest that exports, productivity and the terms of trade move together in the long run in all countries except the United …

Persistent link: https://www.econbiz.de/10005504339

Productivity, Seniority and Wages: New Evidence from Personnel Data

Flabbi, Luca; Ichino, Andrea - C.E.P.R. Discussion Papers - 1998

would reflect higher productivity of more senior workers. If this were true, the observation of an effect of seniority on … wages would depend on the presence of controls for individual productivity. In this paper we replicate, using personnel data …' evaluations were used as productivity indicators. Since the validity of supervisors' evaluations as measures of productivity has …

Persistent link: https://www.econbiz.de/10005504362

Products and Productivity

Bernard, Andrew B.; Redding, Stephen J.; Schott, Peter K. - C.E.P.R. Discussion Papers - 2005

aggregation problem introduces a bias into standard measures of firm productivity. We develop a theoretical model of heterogeneous …

Persistent link: https://www.econbiz.de/10005504461

Ten Years of Mrs. T.

Bean, Charles R; Symons, James - C.E.P.R. Discussion Papers - 1989

, explains the initial rise in unemployment. The reduction in union power also helps to explain the acceleration in productivity … low wages and productivity. A fall in union power results in a reduction in these inefficiencies and leads not only to a … rise in productivity but also in wages. …

Persistent link: https://www.econbiz.de/10005504742

Land and Power

Baland, Jean-Marie; Robinson, James A - C.E.P.R. Discussion Papers - 2003

We study the implications of electoral corruption for resource allocation, factor market equilibrium and inequality. We focus on the control of the voting of agricultural workers by landlords and show that if the employment relationship is subject to moral hazard then the resulting rents...

Persistent link: https://www.econbiz.de/10005504774

Skills, human capital and the plant productivity gap: UK evidence from matched plant, worker and workforce data

Haskel, Jonathan; Hawkes, Denise; Pereira, Sonia - C.E.P.R. Discussion Papers - 2005

Using two matched plant level skills and productivity datasets for UK manufacturing we document that (i) more …

Persistent link: https://www.econbiz.de/10005497762