Showing 1 - 10 of 33
This paper analyzes how policy changes affect shareholder wealth in the context of environmental regulation. We exploit the unique and unexpected German reaction to the Fukushima Daiichi nuclear disaster, which involved the immediate shutdown of almost half of Germany’s nuclear reactors while...
Persistent link: https://www.econbiz.de/10009220619
Using data from the first fourteen waves of the British Household Panel Survey, we estimate a discrete duration model of interregional migration in Great Britain. By exploiting retrospective information on residency we control for late entry as well as unobserved heterogeneity. We find...
Persistent link: https://www.econbiz.de/10005822368
This paper studies the impact of the 1999 Colombian Earthquake on child nutrition and schooling. The identification … strategy combines household survey data with event data on the timing and location of the earthquake, exploiting the exogenous … exposure of children to the shock. The paper uniquely identifies both the short- and medium-term impacts of the earthquake …
Persistent link: https://www.econbiz.de/10009649818
the last decade or so, and not just the incumbents in 2002. The party in charge of the ministry responsible for earthquake …
Persistent link: https://www.econbiz.de/10005822154
This paper explores the effects of the 1995 Hanshin–Awaji Earthquake on the wages of people in the area of the … earthquake over the 17 years after its occurrence and identified which part of the wage distribution has been most affected by … shows that the negative impact of the earthquake still affects the mean wages of male workers. Second, the DFL decomposition …
Persistent link: https://www.econbiz.de/10010764591
stereotype of risk averse and less competitive older employees. …
Persistent link: https://www.econbiz.de/10010884197
Investing in human capital increases lifetime income, but these investments may involve substantial risk. In this paper … vocational high school. Accounting for risk does little to change this picture. By contrast, vocational high school is associated …
Persistent link: https://www.econbiz.de/10010960122
We investigate how emigration flows from a developing region are affected by xenophobic violence at destination. Our empirical analysis is based on a unique survey among more than 1000 households, collected in Mozambique in summer 2008, a few months after a series of xenophobic attacks in South...
Persistent link: https://www.econbiz.de/10009283587
This paper proposes that risk aversion encourages individuals to invest in balanced skill profiles, making them more … the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch … university graduates provides evidence which supports this contention. It thereby raises the possibility that even risk …
Persistent link: https://www.econbiz.de/10009395440
exogenous risk and delegation. That is, we show that only if exogenous risk is sufficiently large, the risk-neutral principal … may prefer to delegate authority over decisions to the risk-averse agent. Intuitively, for incentive reasons, the … principal may optimally want to allow the agent to reduce his risk exposure. Nevertheless, even endogenous risk may be higher …
Persistent link: https://www.econbiz.de/10005703275