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Minimum Wage and Tax Evasion: Theory and Evidence

Tonin, Mirco - Institut zur Zukunft der Arbeit <Bonn> - 2011

This paper examines the interaction between minimum wage legislation and tax evasion byemployed labor. I develop a model in which firms and workers may agree to report less thanthe true amount of earnings to the fiscal authorities. I show that introducing a minimum wagecreates a spike in the...

Persistent link: https://www.econbiz.de/10009360528

Evaluation of the Underground Economy in Quebec:A Microeconomic Approach

Fortin, Bernard; Lacroix, Guy; Pinard, Dominique - Institut zur Zukunft der Arbeit <Bonn> - 2010

Lacroix (2009)using very different estimation methods and data... …

Persistent link: https://www.econbiz.de/10009360563

Which Institutions Encourage Entrepreneurs toCreate Larger Firms?

Estrin, Saul; Korosteleva, Julia; Mickiewicz, Tomasz - Institut zur Zukunft der Arbeit <Bonn> - 2011

individuals and institutional contexts. Our framework generateshypotheses about the negative impact of higher levels of corruption … multilevel estimation framework. We confirm our mainhypotheses but we find no significant impact from intellectual property …

Persistent link: https://www.econbiz.de/10009360546

Size Matters: Entrepreneurial Entry and Government

Aidis, Ruta; Estrin, Saul; Mickiewicz, Tomasz - Institut zur Zukunft der Arbeit <Bonn> - 2010

entrepreneur. We focus on the size of the government, on freedomfrom corruption, and on ‘market freedom’ defined as a cluster of …. Freedom from corruption is significantly related to entrepreneurialentry, especially when the richest countries are removed … from the sample but unlike the sizeof government, the results on corruption are not confirmed by country-level fixed …

Persistent link: https://www.econbiz.de/10009360590

Not So Lucky Any More:CEO Compensation in Financially Distressed Firms

Kang, Qiang; Mitnik, Oscar A. - Institut zur Zukunft der Arbeit <Bonn> - 2008

There is a debate on whether executive pay reflects rent extraction due to “managerialpower” or is the result of arms-length bargaining in a principal-agent framework. In this paperwe offer a test of the managerial power hypothesis by empirically examining the CEOcompensation of U.S. public...

Persistent link: https://www.econbiz.de/10009418922

Using the Helmert-Transformation toReduce Dimensionality in a Mixed Model:Application to a Wage Equation withWorker and Firm Heterogeneity

Nilsen, Øivind A.; Raknerud, Arvid; Skjerpen, Terje - Institut zur Zukunft der Arbeit <Bonn> - 2011

A model for matched data with two types of unobserved heterogeneity is considered – onerelated to the observation unit, the other to units to which the observation units are matched.One or both of the unobserved components are assumed to be random. This mixed modelallows identification of the...

Persistent link: https://www.econbiz.de/10009347591

Does Wage Dispersion Make All Firms Productive?

Mahy, Benoît; Rycx, François; Volral, Mélanie - Institut zur Zukunft der Arbeit <Bonn> - 2011

This article puts the relationship between wage dispersion and firm productivity to an updatedtest, taking advantage of access to detailed Belgian linked employer-employee panel data.Controlling for simultaneity issues, time-invariant workplace characteristics and dynamics inthe adjustment...

Persistent link: https://www.econbiz.de/10009353908

The Value of Business Networks in Emerging Economies:An Analysis of Firms’ External Financing Opportunities

Owolabi, Oluwarotimi; Pal, Sarmistha - Institut zur Zukunft der Arbeit <Bonn> - 2011

The paper argues that networked firms are likely to have an advantage in securing externalfinance in countries with weak legal and judicial institutions since it helps financial institutionsto minimize the underlying agency costs of lending. An analysis of recent BEEPS data fromfifteen Central...

Persistent link: https://www.econbiz.de/10009360517

Field Experiments with Firms

Bandiera, Oriana; Barankay, Iwan; Rasul, Imran - Institut zur Zukunft der Arbeit <Bonn> - 2011

We discuss how the use of field experiments sheds light on long standing research questionsrelating to firm behavior. We present insights from two classes of experiments: within andacross firms, and draw common lessons from both sets. Field experiments within firmsgenerally aim to shed light on...

Persistent link: https://www.econbiz.de/10009360520

Efficiency in Employee-Owned Enterprises:An Econometric Case Study of Mondragon

Arando, Saioa; Gago, Monica; Jones, Derek C.; Kato, Takao - Institut zur Zukunft der Arbeit <Bonn> - 2011

We provide the first econometric study of efficiency for a member of the Mondragon group ofworker cooperatives. Eroski is a retail distribution chain and, most unusually, there are twodistinct types of hypermarkets: (i) cooperatives with significant employee ownership andvoice; and (ii) GESPAs...

Persistent link: https://www.econbiz.de/10009360522