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Reform, Uncertainty and Spillovers - A Gravity Model Approach

Fidrmuc, Jan; Karaja, Elira; Tichit, Ariane - CESifo - 2012

Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of similar countries. We motivate this hypothesis with a simple...

Persistent link: https://www.econbiz.de/10009651184

How I Learned to Stop Worrying and Love the Crisis

Fidrmuc, Jan; Tichit, Ariane - CESifo - 2012

We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization and institutional change. Our analysis is based on a sample of post-communist countries, most of which experienced severe economic crises during the 1990s. We find that the...

Persistent link: https://www.econbiz.de/10009645638

Neutral Taxation of Shareholder Income? Corporate Responses to an Announced Dividend Tax

Alstadsæter, Annette; Fjaerli, Erik - CESifo - 2009

The introduction of the 2006 Norwegian shareholder income tax was announced in advance, and it increased top marginal tax rates on individual dividend income from zero to 28 percent. We document strong timing effects on dividend payout on a large panel of non-listed corporations, with a surge of...

Persistent link: https://www.econbiz.de/10005765924

Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle Income Countries

Samargandi, Nahla; Fidrmuc, Jan; Ghosh, Sugata - CESifo - 2014

We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that financial development does not have a linear positive...

Persistent link: https://www.econbiz.de/10010757725

Do Dividend Taxes Affect Corporate Investment?

Alstadsæter, Annette; Jacob, Martin; Michaely, Roni - CESifo - 2014

We test whether dividend taxes affect corporate investments. We exploit Sweden’s 2006 dividend tax cut of 10 percentage points for closely held corporations and five percentage points for widely held corporations. Using rich administrative panel data and triple-difference estimators, we find...

Persistent link: https://www.econbiz.de/10011067198

Friday the 13th: The Empirics of Bad Luck

Fidrmuc, Jan; Tena, J. D. - CESifo - 2014

by behavioral adjustments yet which are of considerable importance to one’s quality of life: employment, earnings and …

Persistent link: https://www.econbiz.de/10010948866

National Minimum Wage and Employment of Young Workers in the UK

Fidrmuc, Jan; Tena, J. D. - CESifo - 2013

We analyze the impact of the UK national minimum wage (NMW) on the employment of young workers. The previous literature …, we find a significant and negative employment effect for male workers at 21, which we believe to be an anticipation … effect on employment of young workers, with this effect possibly occurring already well in advance of reaching the threshold …

Persistent link: https://www.econbiz.de/10010668469