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Does Human Capital Protect Workers against Exogenous Shocks? South Africa in the 2008-2009 Crisis
Leung, Ron; Stampini, Marco; Vencatachellum, Désiré - Institute for the Study of Labor (IZA) - 2009
The financial and economic crisis of 2008 and 2009 has taken its toll on the South African economy. The economy contracted for the first time since 1998, and entered recession during the fourth quarter of 2008. The GDP contraction was soon transmitted to the labor market. Between the second...
Persistent link: https://www.econbiz.de/10008514864
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Groupthink: Collective Delusions in Organizations and Markets
Benabou, Roland - Institute for the Study of Labor (IZA) - 2013
This paper investigates collective denial and willful blindness in groups, organizations and markets. Agents with anticipatory preferences, linked through an interaction structure, choose how to interpret and recall public signals about future prospects. Wishful thinking (denial of bad news) is...
Persistent link: https://www.econbiz.de/10010704406
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Protecting Child Nutritional Status in the Aftermath of a Financial Crisis: Evidence from Indonesia
Giles, John T.; Satriawan, Elan - Institute for the Study of Labor (IZA) - 2014
In response to concerns over the vulnerability of the young in the wake of Indonesia's 1997-1998 economic crises, the Government of Indonesia implemented a supplementary feeding program to support early childhood nutritional status. This paper exploits heterogeneity in duration of program...
Persistent link: https://www.econbiz.de/10011105051
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The Meaning of Failed Replications: A Review and Proposal
Clemens, Michael A. - Institute for the Study of Labor (IZA) - 2015
The welcome rise of replication tests in economics has not been accompanied by a single, clear definition of replication. A discrepant replication, in current usage of the term, can signal anything from an unremarkable disagreement over methods to scientific incompetence or misconduct. This...
Persistent link: https://www.econbiz.de/10011268328
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What Drives Taxi Drivers? A Field Experiment on Fraud in a Market for Credence Goods
Balafoutas, Loukas; Beck, Adrian; Kerschbamer, Rudolf; … - Institute for the Study of Labor (IZA) - 2011
measure different types of fraud and to examine the influence of passengers' presumed information and income on the extent of … fraud. Results reveal that taxi drivers cheat passengers in systematic ways: Passengers with inferior information about …. Higher income seems to lead to more fraud. …
Persistent link: https://www.econbiz.de/10009021638
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The Political Economy of Labor Market Regulation with R&D
Palokangas, Tapio K. - Institute for the Study of Labor (IZA) - 2014
In this paper, I study the political rationale for labor market regulation. Oligopolists employ raw labor and human capital (i.e. key workers) for production and R&D. There are many jurisdictions, in each of which a self-interested policy maker can regulate/deregulate the local labor market. I...
Persistent link: https://www.econbiz.de/10010884215
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Public-Private Entanglement: Entrepreneurship in a Hybrid Political Order, the Case of Lebanon
Stel, Nora; Naudé, Wim - Institute for the Study of Labor (IZA) - 2013
The instability and informality that characterize hybrid political orders and its effects on entrepreneurs remains largely unexplored in the scholarly literatures. In this paper we provide initial findings from the case of entrepreneurs' access to electricity in Lebanon. Using quantitative and...
Persistent link: https://www.econbiz.de/10010884305
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A Guide to the Political Economy of Reforming Energy Subsidies
Commander, Simon - Institute for the Study of Labor (IZA) - 2012
Energy subsidies are used widely. Although adverse from an efficiency perspective, subsidies confer private benefits on particular groups and, once introduced, tend to be persistent. This paper examines the reasons why and possible ways of overcoming the barriers to reform. The starting point is...
Persistent link: https://www.econbiz.de/10010884377
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The Rhetoric of Closed Borders: Quotas, Lax Enforcement and Illegal Migration
Facchini, Giovanni; Testa, Cecilia - Institute for the Study of Labor (IZA) - 2014
This paper studies why illegal immigration is widespread. We develop a political agency model in which a politician decides on an immigration target and its enforcement, facing uncertainty on the supply of migrants. Illegal immigration can arise for two reasons: the policy maker may be unable to...
Persistent link: https://www.econbiz.de/10010959678
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Does Immigration into Their Neighborhoods Incline Voters Toward the Extreme Right? The Case of the Freedom Party of Austria
Halla, Martin; Wagner, Alexander F.; Zweimüller, Josef - Institute for the Study of Labor (IZA) - 2012
This paper explores one potentially important channel through which immigration may drive support for extreme right-wing parties: the presence of immigrants in one's neighborhood. We study the case of the Freedom Party of Austria (FPÖ). Under the leadership of Jörg Haider, this party increased...
Persistent link: https://www.econbiz.de/10011279302