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Risk, Balanced Skills and Entrepreneurship

Hsieh, Chihmao; Parker, Simon C.; Praag, Mirjam van - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011

This paper proposes that risk aversion encourages individuals to invest in balanced skillprofiles, making them more likely to become entrepreneurs. By not having taken this possiblelinkage into account, previous research has underestimated the impacts both of risk aversionand balanced skills on...

Persistent link: https://www.econbiz.de/10009486995

Private Information, Human Capital, andOptimal “Home Bias” in Financial Markets

Ehrlich, Isaac; Shin, Jong Kook; Yin, Yong - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011

By allowing for imperfectly informed markets and the role of private information, we offer newinsights about observed deviations of portfolio concentrations in domestic relative to foreignrisky assets, or “home bias”, from what standard finance models predict. Our model ascribesthe...

Persistent link: https://www.econbiz.de/10009522205

Training the Unemployed in France: How Does ItAffect Unemployment Duration and Recurrence?

Crépon, Bruno; Ferracci, Marc; Fougère, Denis - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

Econometric evaluations of public-sponsored training programmes generally find littleevidence of an impact of such policies on transition rates out of unemployment. We performthe first evaluation of training effects for the unemployed adults in France, exploiting a uniquelongitudinal dataset...

Persistent link: https://www.econbiz.de/10005861168

Returns to Apprenticeship Training in Austria:Evidence from Failed Firms

Fersterer, Josef; Pischke, Jörn-Steffen; Winter-Ebmer, … - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

Little is known about the payoffs to apprenticeship training in the German speaking countriesfor the participants. There is a lot of heterogeneity in the types of apprenticeships offered,and there might be an important element of selection in who obtains an apprenticeship, andwhat type. To...

Persistent link: https://www.econbiz.de/10005861563

Intergenerational Transmission ofLanguage Capital and Economic Outcomes

Casey, Teresa; Dustmann, Christian - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

This paper investigates the intergenerational transmission of language capital amongstimmigrants, and the effect of language deficiencies on the economic performance of secondgeneration immigrants...

Persistent link: https://www.econbiz.de/10005861653

How General Is Human Capital? A Task-Based Approach

Gathmann, Christina; Schönberg, Uta - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

This paper studies how portable skill accumulated in the labor market are. Using rich data ontasks performed in occupations, we propose the concept of task-specific human capital tomeasure the transferability of skills empirically. Our results on occupational mobility andwages show that labor...

Persistent link: https://www.econbiz.de/10005861660

Comparing the Effectiveness of Employment Subsidies

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

This paper analyses theoretically and empirically how employment subsidies should betargeted. We contrast measures involving targeting workers with low incomes/abilities andtargeting the unemployed under the criteria of "approximate welfare efficiency" (AWE)...

Persistent link: https://www.econbiz.de/10005862794

The Adoption and Diffusion of OrganizationalInnovation: Evidence for the U.S. Economy

Lynch, Lisa M. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

Using a unique longitudinal representative survey of both manufacturing and nonmanufacturingbusinesses in the United States during the 1990s, I examine the incidenceand intensity of organizational innovation and the factors associated with investments inorganizational innovation...

Persistent link: https://www.econbiz.de/10005862804

Trade Adjustment and Human Capital Investments:Evidence from Indian Tariff Reform

Edmonds, Eric V.; Pavcnik, Nina; Topalova, Petia - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

Do the short and medium term adjustment costs associated with trade liberalization influenceschooling and child labor decisions? We examine this question in the context of India's 1991tariff reforms. Overall, in the 1990s, rural India experienced a dramatic increase in schoolingand decline in...

Persistent link: https://www.econbiz.de/10005863252

Offshoring and Unemployment

Mitra, Devashish; Ranjan, Priya - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

In this paper, in order to study the impact of offshoring on sectoral and economywide rates ofunemployment, we … tooffshoring. This result can be understood to arise from the productivity enhancing (costreducing) effect of offshoring. If the … search cost is identical in the two sectors, or even if thesearch cost is higher in the sector which experiences offshoring …

Persistent link: https://www.econbiz.de/10005862882