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We compare male and female upward labor income mobility in Germany and the United States using the GSOEP-PSID Cross-National Equivalent File. Our main interest is to test whether a glass ceiling exists for women. Conventional thinking about the glass ceiling highlights the belief that the...
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theory, but only when the cointegrating relations are specified a priori based on economic theory. When estimated … are also reported on. The first shows that cointegration vector parameter estimation error is crucial when using VEC … alternative models, due to parameter estimation error, indicating that caution needs to be exercised when interpreting the results …
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One of the fundamental problems of the positive theory of income taxation is explaining why the statutory income tax …
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We extend the literature on the effects of managerial entrenchment to consider how safety-net subsidies and financial distress costs interact with managerial incentives to influence capital structure in U.S. commercial banking. Using cross-sectional data on publicly traded, highest-level U.S....
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