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Give Me Your Wired and Your Highly Skilled: Measuring the Impact of Immigration Policy on Employers and Shareholders
Lin, Carl - Institute for the Study of Labor (IZA) - 2011
employers and shareholders, particularly in those industries with high needs for skilled immigrants. The American … this bill and analyze whether and by how much its passage increased shareholders’ profit. The empirical results show that … employers and shareholders in the top H-1B visa user industries enjoyed significant and positive returns with the passage of the …
Persistent link: https://www.econbiz.de/10009294984
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How Policy Changes Affect Shareholder Wealth: The Case of the Fukushima Daiichi Nuclear Disaster
Betzer, André; Doumet, Markus; Rinne, Ulf - Institute for the Study of Labor (IZA) - 2011
This paper analyzes how policy changes affect shareholder wealth in the context of environmental regulation. We exploit …
Persistent link: https://www.econbiz.de/10009220619
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Decomposing Excess Returns in Stochastic Linear Models
Lin, Carl - Institute for the Study of Labor (IZA) - 2011
We present a theorem helpful in estimating the mean and variance of a linear function with arbitrary multivariate randomness in its coefficients and variables. We derive a generalized decomposition result from two random linear functions in which the result can be applied to most models using...
Persistent link: https://www.econbiz.de/10009403383
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Partisan Impacts on the Economy: Evidence from Prediction Markets and Close Elections
Snowberg, Erik; Wolfers, Justin; Zitzewitz, Eric - Institute for the Study of Labor (IZA) - 2006
Political economists interested in discerning the effects of election outcomes on the economy have been hampered by the problem that economic outcomes also influence elections. We sidestep these problems by analyzing movements in economic indicators caused by clearly exogenous changes in...
Persistent link: https://www.econbiz.de/10005703211
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Diagnosing Discrimination: Stock Returns and CEO Gender
Wolfers, Justin - Institute for the Study of Labor (IZA) - 2006
A vast labor literature has found evidence of a "glass ceiling", whereby women are underrepresented among senior management. A key question remains the extent to which this reflects unobserved differences in productivity, preferences, prejudice, or systematically biased beliefs about the ability...
Persistent link: https://www.econbiz.de/10005762168
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Individual and Corporate Social Responsibility
Benabou, Roland; Tirole, Jean - Institute for the Study of Labor (IZA) - 2009
Society's demands for individual and corporate social responsibility as an alternative response to market and distributive failures are becoming increasingly prominent. We first draw on recent developments in the "psychology and economics" of prosocial behavior to shed light on this trend, which...
Persistent link: https://www.econbiz.de/10008469709
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Telecommunications Dynamics, Output and Employment
Jungmittag, Andre; Welfens, Paul J.J. - Institute for the Study of Labor (IZA) - 2006
In EU countries, opening up of telecommunications markets and regulations have helped to reduce the price of digital services which is an important quasi-input factor in all firms. Integrating the use of telecommunications in a macroeconomic production function is the analytical starting point...
Persistent link: https://www.econbiz.de/10005233868
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The Prevalence and Effects of Occupational Licensing
Kleiner, Morris M.; Krueger, Alan B. - Institute for the Study of Labor (IZA) - 2008
This study provides the first nation-wide analysis of the labor market implications of occupational licensing for the U.S. labor market, using data from a specially designed Gallup survey. We find that in 2006, 29 percent of the workforce was required to hold an occupational license from a...
Persistent link: https://www.econbiz.de/10005233920
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What Are Over-the-Road Truckers Paid For? Evidence from an Exogenous Regulatory Change on the Role of Social Comparisons and Work Organization in Wage Determination
Burks, Stephen V.; Guy, Frederick - Institute for the Study of Labor (IZA) - 2012
Using evidence from recent work on truckers and disaggregated older data prior researchers did not have, we revisit a classic topic and find some new answers. We focus on differentials in average annual earnings at the firm level among mileage-paid over-the-road tractor-trailer drivers ("road...
Persistent link: https://www.econbiz.de/10009652529
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Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education
Kosfeld, Michael; Schüwer, Ulrich - Institute for the Study of Labor (IZA) - 2011
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10009359868