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individuals make an educational investment early in their life and face a stochastic wage distribution. We characterize labor and … optimum. In one implementation there is a common labor income tax schedule, and a repayment schedule for government loans …
Persistent link: https://www.econbiz.de/10009359855
Incentives often fail in inducing economic agents to engage in a desirable activity; implementability is restricted. What restricts implementability? When does re-organization help to overcome this restriction? This paper shows that any restriction of implementability is caused by an...
Persistent link: https://www.econbiz.de/10008727777
researcher has decided to use PSM, he is confronted with a lot of questions regarding its implementation. To begin with, a first …. Each implementation step involves a lot of decisions and different approaches can be thought of. The aim of this paper is … to discuss these implementation issues and give some guidance to researchers who want to use PSM for evaluation purposes. …
Persistent link: https://www.econbiz.de/10005703025
as an instrument for investment in cattle. We find average returns in the order of -2% at the mean, but they vary across …
Persistent link: https://www.econbiz.de/10010959581
positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects …,300 suggesting that in some respects investment subsidies can be cost effective. …
Persistent link: https://www.econbiz.de/10009646287
Since the 1980s, China’s government has eased restrictions on internal migration. This easing, along with rapid growth of the Chinese economy and substantial increases in foreign and domestic investments, has greatly stimulated internal migration. Earlier studies have established that...
Persistent link: https://www.econbiz.de/10005703124
dynamics as investment conditions are similar. Our results are consistent with this hypothesis. Furthermore, there is no …
Persistent link: https://www.econbiz.de/10005703624
in the U.S. private sector affect economic performance - productivity, profitability, investment, and growth. Freeman and … investment and, subsequently, lower employment and productivity growth. There is little evidence that unionization leads to …
Persistent link: https://www.econbiz.de/10005703831
banking development reduces the cash flow sensitivity of fixed investment spending, particularly for small firms, and that it …
Persistent link: https://www.econbiz.de/10005822124
(favorable) impact on investment. …
Persistent link: https://www.econbiz.de/10005822189