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Personal Bankruptcy Law, Wealth and Entrepreneurship: Theory and Evidence from the Introduction of a "Fresh Start"
Fossen, Frank M. - Institute for the Study of Labor (IZA) - 2011
A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in … entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy … forgiving personal bankruptcy law are less relevant for wealthy potential entrepreneurs who still risk losing their wealth, but …
Persistent link: https://www.econbiz.de/10008804593
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Wage Determination in the U.S. Airline Industry: Union Power under Product Market Constraints
Hirsch, Barry T. - Institute for the Study of Labor (IZA) - 2006
The paper analyzes wages in the U.S. airline industry, focusing on the role of collective bargaining in a changing product market environment. Airline unions have considerable strike threat power, but are constrained by the financial health of carriers. Since airline deregulation, compensation...
Persistent link: https://www.econbiz.de/10005822463
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Business, Bankruptcy, and Beliefs: The Financial Demise of NBA Stars
Henry, Ruby - Institute for the Study of Labor (IZA) - 2013
to private equity schemes are a common factor in observed financial insolvency. Considering the behavioral attribute of … outcomes of both entrepreneurial activity (investment effort) and bankruptcy. Without correcting for endogeneity it does appear … that starting businesses causes bankruptcy. After using charitable foundations as an instrument, however, the data confirms …
Persistent link: https://www.econbiz.de/10010705553
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Debt Portfolios
Hintermaier, Thomas; Koeniger, Winfried - Institute for the Study of Labor (IZA) - 2011
in homestead exemptions, which are an important part of U.S. bankruptcy regulation, have a small effect on the quantity … by owner-occupied housing whereas unsecured debt can be discharged according to bankruptcy regulations. We show that the …
Persistent link: https://www.econbiz.de/10009003472
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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
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What Drives the Demand for Temporary Agency Workers?
Jahn, Elke J.; Bentzen, Jan - Institute for the Study of Labor (IZA) - 2010
Temporary agency employment has grown steadily in most European countries over the past three decades as part of the general trend towards increased employment flexibility. Yet to this day, it remains an open question what drives the demand for temporary agency workers. The paper examines,...
Persistent link: https://www.econbiz.de/10008742959
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Shadow Economies and Corruption All Over the World: What Do We Really Know?
Schneider, Friedrich - Institute for the Study of Labor (IZA) - 2006
with a labor market regulation are the driving forces of the shadow economy. Furthermore, the results show that the shadow …
Persistent link: https://www.econbiz.de/10005703821