Narrow search
Showing 1 - 10 of 98
Cover Image
Internal Finance and Growth: Microeconometric Evidence on Chinese Firms
Guariglia, Alessandra; Liu, Xiaoxuan; Song, Lina - Institute for the Study of Labor (IZA) - 2008
Does the availability of internal finance constrain firm growth? Or does it foster it? To answer these questions, we use a panel of 407,096 Chinese firms over the period 2000−2005. We estimate dynamic assets growth equations augmented with cash flow, and find that the growth of state owned...
Persistent link: https://www.econbiz.de/10005703564
Cover Image
Unobservable, but Unimportant? The Influence of Personality Traits (and Other Usually Unobserved Variables) for the Evaluation of Labor Market Policies
Caliendo, Marco; Mahlstedt, Robert; Mitnik, Oscar A. - Institute for the Study of Labor (IZA) - 2014
Many commonly used treatment effects estimators rely on the unconfoundedness assumption ("selection on observables") which is fundamentally non-testable. When evaluating the effects of labor market policies, researchers need to observe variables that affect both treatment participation and labor...
Persistent link: https://www.econbiz.de/10010884355
Cover Image
Dynamic Incentive Effects of Heterogeneity in Multi-Stage Promotion Contests
Stracke, Rudi; Sunde, Uwe - Institute for the Study of Labor (IZA) - 2014
This paper shows that the incentive effects of heterogeneity may be positive rather than negative in dynamic contests … with multiple stages. In particular, the well-studied adverse effects of heterogeneity in static interactions are … compensated by positive continuation-value and selection effects. Due to these positive dynamic incentive effects of heterogeneity …
Persistent link: https://www.econbiz.de/10010886143
Cover Image
Causal Returns to Schooling and Individual Heterogeneity
Pfeiffer, Friedhelm; Pohlmeier, Winfried - Institute for the Study of Labor (IZA) - 2012
In this paper, human capital investments are evaluated by assuming heterogeneous returns to schooling. We use the potential outcome approach to measure the causal effect of human capital investments on earnings as a continuous treatment effect. Empirical evidence is based on a sample of West...
Persistent link: https://www.econbiz.de/10011279259
Cover Image
The Life-Cycle and the Business-Cycle of Wage Risk: A Cross-Country Comparison
Bayer, Christian; Juessen, Falko - Institute for the Study of Labor (IZA) - 2009
This paper provides a cross-country comparison of life-cycle and business-cycle fluctuations in the dispersion of household-level wage innovations. We draw our inference from household panel data sets for the US, the UK, and Germany. First, we find that household characteristics explain about...
Persistent link: https://www.econbiz.de/10005015462
Cover Image
Repeated Selection with Heterogenous Individuals and Relative Age Effects
Dawid, Herbert; Muehlheusser, Gerd - Institute for the Study of Labor (IZA) - 2012
In contexts such as education and sports, skill-accumulation of individuals over time crucially depends on the amount of training they receive, which is often allocated on the basis of repeated selection. We analyze optimal selection policies in a model of endogenous skill formation where, apart...
Persistent link: https://www.econbiz.de/10010541270
Cover Image
And I Will Try to Fix You: A Study of Heterogeneity in Job Satisfaction with Implications for Flexible Employment Contracts
Chongvilaivan, Aekapol; Powdthavee, Nattavudh - Institute for the Study of Labor (IZA) - 2011
This paper is an empirical study of slope heterogeneity in job satisfaction. It provides evidence from the generalized …
Persistent link: https://www.econbiz.de/10009216290
Cover Image
Exploring the Causes of Frictional Wage Dispersion
Tjaden, Volker; Wellschmied, Felix - Institute for the Study of Labor (IZA) - 2012
duration dependence in unemployment benefits in a random on the job search model featuring two-sided heterogeneity. General …
Persistent link: https://www.econbiz.de/10009646280
Cover Image
Exogenous Treatment and Endogenous Factors: Vanishing of Omitted Variable Bias on the Interaction Term
Nizalova, Olena Y.; Murtazashvili, Irina - Institute for the Study of Labor (IZA) - 2012
consistent. We find that if the source of heterogeneity and omitted variable are jointly independent of policy or treatment, then …
Persistent link: https://www.econbiz.de/10009646286
Cover Image
Wages or Fringes? Some Evidence on Trade-offs and Sorting
Eriksson, Tor; Kristensen, Nicolai - Institute for the Study of Labor (IZA) - 2010
The two key predictions of hedonic wage theory are that there is a trade-off between wages and nonmonetary rewards and …-fringe trade-offs, considerable heterogeneity in willingness to pay for fringe benefits, and signs of sorting. The findings imply …
Persistent link: https://www.econbiz.de/10008693836