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Investor Protection and the Value of Shares: Evidence from Statutory Rules Governing Variations of Shareholders' Class Rights in Russia
Muravyev, Alexander - Institute for the Study of Labor (IZA) - 2009
This paper uses a quasi-experimental framework provided by recent changes in Russian corporate law to study the effect of investor protection on the value of shares. The legal change analyzed involves the empowerment of preferred (non-voting) shareholders to veto unfavorable changes in their...
Persistent link: https://www.econbiz.de/10008497016
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Ethical and Economic Perspectives on Global Health Interventions
Bhalotra, Sonia R.; Pogge, Thomas - Institute for the Study of Labor (IZA) - 2012
health. To support a justice argument for such modification, we show how the current global economic order may contribute to …
Persistent link: https://www.econbiz.de/10009653979
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Linking Individuals and Societies
Jasso, Guillermina - Institute for the Study of Labor (IZA) - 2009
How do individuals shape societies? How do societies shape individuals? This paper develops a framework for studying the connections between micro and macro phenomena. The framework builds on two ingredients widely used in social science − population and variable. Starting with the simplest...
Persistent link: https://www.econbiz.de/10005039644
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A New Unified Theory of Sociobehavioral Forces
Jasso, Guillermina - Institute for the Study of Labor (IZA) - 2007
describing five sociobehavioral processes - comparison (including justice and self-esteem), status, power, identity, and …
Persistent link: https://www.econbiz.de/10005703470
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Regional Disparities and Inequality of Opportunity: The Case of Italy
Checchi, Daniele; Peragine, Vitorocco - Institute for the Study of Labor (IZA) - 2005
In this paper we provide a new methodology to measure opportunity inequality and to decompose overall inequality in an "ethically offensive" and an "ethically acceptable" part. Moreover, we provide some empirical applications of these new evaluation tools: in the first exercise, we compare the...
Persistent link: https://www.econbiz.de/10005703562
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Shall We Kill or Enslave Caesar? Analyzing the Caesar Model
Jasso, Guillermina - Institute for the Study of Labor (IZA) - 2008
paper presents a model of killing versus enslaving Caesar, based on a new theory which unifies justice, status, and power … of societies – justice-nonmaterialistic, status, and power-nonmaterialistic. Results cover members’ gains, effects of own … killed only in a justice-nonmaterialistic society, and from the noblest of motives – to achieve equal gains for members. …
Persistent link: https://www.econbiz.de/10005822039
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The Terms and Relations of Comparison, Referential, and Relative Processes
Jasso, Guillermina - Institute for the Study of Labor (IZA) - 2007
This paper develops the mathematical foundations of comparison, referential, and relative (CRR) processes. The key ingredients are: (1) three kinds of terms; and (2) two kinds of relations. Combining the three terms - absolute amount, relative amount, and relative rank - with the two kinds of...
Persistent link: https://www.econbiz.de/10005700875
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Aging and Attitudes Towards Strategic Uncertainty and Competition: An Artefactual Field Experiment in a Swiss Bank
Madies, Thierry; Villeval, Marie Claire; Wasmer, Malgorzata - Institute for the Study of Labor (IZA) - 2012
We study the attitudes of junior and senior employees towards strategic uncertainty and competition, by means of a market entry game inspired by Camerer and Lovallo (1999). Seniors exhibit higher entry rates compared to juniors, especially when earnings depend on relative performance. This...
Persistent link: https://www.econbiz.de/10010884197
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Do Women Prefer a Co-operative Work Environment?
Kuhn, Peter J.; Villeval, Marie Claire - Institute for the Study of Labor (IZA) - 2011
observed patterns in the team-entry gender gap: (1) a gender gap in confidence in others (i.e. women are less pessimistic about …
Persistent link: https://www.econbiz.de/10009323383
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Fading Hope in the US
Ritzen, Jo; Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2012
A substantial literature claims that the strong increase in inequality over the last decade in countries such as the US would lead to a collapse of society. Fading hopes in the population seem to confirm this. The paper rejects this interpretation since the decline in hopes cannot be traced back...
Persistent link: https://www.econbiz.de/10009646298