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What is Middle Class about the Middle Classes Around the World?

Banerjee, Abhijit; Duflo, Esther - C.E.P.R. Discussion Papers - 2007

This paper uses household surveys from 13 developing countries to describe consumption choices, health and education investments, employment patterns and other features of the of the economic lives of the “middle classes” defined as those whose daily consumption per capita is between $2 and...

Persistent link: https://www.econbiz.de/10005791405

The Rise of Europe: Atlantic Trade, Institutional Change and Economic Growth

Acemoglu, Daron; Johnson, Simon; Robinson, James A - C.E.P.R. Discussion Papers - 2003

This Paper documents that the rise of (Western) Europe between 1500 and 1850 is largely accounted for by the growth of European nations with access to the Atlantic, and especially by those nations that engaged in colonialism and long distance oceanic trade. Moreover, Atlantic ports grew much...

Persistent link: https://www.econbiz.de/10005067437

The Impact of Military Research and Development Priorities on the Evolution of the Civil Economy in Capitalist States

Buzan, Barry; Sen, Gautam - C.E.P.R. Discussion Papers - 1989

Military priorities influence a significant proportion of the resources that capitalist societies devote to R&D. Some of the commanding heights of civil economies have been powerfully shaped by the opportunities created by specifically military R&D. This paper is an attempt to sketch the...

Persistent link: https://www.econbiz.de/10005281392

Formation of Social Capital in Central and Eastern Europe: Understanding the Gap Vis-a-Vis Developed Countries

Fidrmuc, Jan; Gërxhani, Klarita - C.E.P.R. Discussion Papers - 2005

Recent Eurobarometer survey data are used to document and explain the stock of social capital in 27 European countries. Social capital in Central and Eastern Europe – measured by civic participation and access to social networks – lags behind that in Western European countries. Using...

Persistent link: https://www.econbiz.de/10005792441

The Macroeconomics of Labour and Credit Market Imperfections

Wasmer, Etienne; Weil, Philippe - C.E.P.R. Discussion Papers - 2002

Labour market frictions are not the only possible source of high unemployment. Credit market imperfections, driven by microeconomic frictions and influenced by macroeconomic factors, could also be to blame. To develop this idea in a simple and tractable macroeconomic model, we treat credit and...

Persistent link: https://www.econbiz.de/10005792453

Imperfect Labour Markets, the Stock Market and the Inefficiency of Capitalism

Manning, Alan - C.E.P.R. Discussion Papers - 1989

In a capitalist economy capitalists can sell their stake in a firm on the stock market whereas workers cannot sell their jobs. It is argued that when workers have some bargaining power this asymmetry in property rights leads to inefficiencies. The consequences of this are explored and certain...

Persistent link: https://www.econbiz.de/10005662149

Entrepreneurship: Origins and Returns

Berglann, Helge; Moen, Espen R; Roed, Knut; Skogstrøm, … - C.E.P.R. Discussion Papers - 2009

We examine the origins and outcome of entrepreneurship on the basis of exceptionally comprehensive Norwegian matched … worker-firm-owner data. In contrast to most existing studies, our notion of entrepreneurship not only comprises self …-employment, but also employment in partly self-owned limited liability firms. Based on this extended entrepreneurship concept, we find …

Persistent link: https://www.econbiz.de/10005079007

Perceptions, Expectations, and Entrepreneurship: The Role of Extreme Events

Brück, Tilman; Llussá, Fernanda; Tavares, José - C.E.P.R. Discussion Papers - 2010

We provide, for the first time, comparative evidence of the impact of various types of extreme events – natural disasters, terrorism, and violent conflicts – on the perceptions of entrepreneurs concerning some key entrepreneurial issues – such as fear of failure in starting a business...

Persistent link: https://www.econbiz.de/10008692319

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

Progressive Taxes and Firm Births

Bacher, Hans Ulrich; Brülhart, Marius - C.E.P.R. Discussion Papers - 2010

Tax reform proposals in the spirit of the 'flat tax' model typically aim to reduce three parameters: the average tax burden, the progressivity of the tax schedule, and the complexity of the tax code. We explore the implications of changes in these three parameters on entrepreneurial activity,...

Persistent link: https://www.econbiz.de/10008468564