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Capital Markets Integration, Growth and Income Distribution: A Dynamic Analysis

Viaene, Jean-Marie; Zilcha, Itzhak - Tinbergen Instituut - 1997

See also the publication in the European Economic Review, 2002, 301-327. The paper considers a two-country model of overlapping generations heterogenouseconomies with intergenerational transfers carried out in the form of bequest and investmentin human capital. We examine in competitive...

Persistent link: https://www.econbiz.de/10011261919

Seeing the World with Different Eyes

Koellinger, Philipp; Minniti, Maria; Schade, Christian - Tinbergen Instituut - 2008

Across countries, women own significantly fewer businesses than do men. We show that this is due, in large part, to the fact that the propensity to start businesses of women is significantly lower than that of men. The lower propensity of women, in turn, appears to be highly correlated to...

Persistent link: https://www.econbiz.de/10011255521

The Labor Market in the Great Recession: An Update

Elsby, Michael W.L.; Hobijn, Bart; Sahin, Aysegul; … - Tinbergen Instituut - 2011

Since the end of the Great Recession in mid-2009, the unemployment rate has recovered slowly, falling by only one percentage point from its peak. We find that the lackluster labor market recovery can be traced in large part to weakness in aggregate demand; only a small part seems attributable to...

Persistent link: https://www.econbiz.de/10011255576

Entrepreneurial Moral Hazard in Income Insurance

Ejrnaes, Mette; Hochguertel, Stefan - Tinbergen Instituut - 2008

We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the context of an unemployment insurance scheme for self-employed, wherewe estimate how much of the transition probability to unemployment can be causally attributedto being insured....

Persistent link: https://www.econbiz.de/10011256235

Human Capital Formation, Income Inequality and Growth

Viaene, Jean-Marie; Zilcha, Itzhak - Tinbergen Instituut - 2001

The paper studies the determinants of income distribution and growth in an overlapping generations economy … all young individuals of the same generation.Due to investments in human capital our economy exhibits endogenous growth … date along theequilibrium path. Second, we study the impact of such technogical progress on growth and relate these results …

Persistent link: https://www.econbiz.de/10011261934

Regional Labour Markets and Job Accessibility in City Network Systems in Germany

Reggiani, Aura; Bucci, Pietro; Russo, Giovanni; Haas, Anette - Tinbergen Instituut - 2011

here as the potential of opportunity for interaction, which has a positive impact on economic growth. In our paper, the …

Persistent link: https://www.econbiz.de/10011256597

Initial Capital Constraints hinder Entrepreneurial Venture Performance

Praag, Mirjam van; Wit, Gerrit de; Bosma, Niels - Tinbergen Instituut - 2003

This article investigates empirically whether and to what extent initial capital constraints hinder entrepreneurial performance once the venture has been started. Prior empirical research in this area could investigate this issue only indirectly by lack of data. The key contribution of this...

Persistent link: https://www.econbiz.de/10011256781

The Importance of Financial Incentives on Retirement Choices

Belloni, Michele; Alessie, Rob - Tinbergen Instituut - 2008

This study exploits a new dataset in order to quantify the effect of financial incentives on retirement choices. This dataset contains for the first time in Italy information on seniority. In accordance with the general finding in Gruber and Wise (2004), we find that financial incentives have an...

Persistent link: https://www.econbiz.de/10011256897

The Consequences of Implementing a Child Care Voucher: Evidence from Australia, The Netherlands and USA

Warner, Mildred E.; Gradus, Raymond - Tinbergen Instituut - 2009

In the Netherlands, the USA and Australia public funding has promoted parental choice by introducing a voucher for child care, where parents are free to choose the provider. The policy experiments in these three countries and the outcomes provide useful information about the consequences of...

Persistent link: https://www.econbiz.de/10011256915

Human Capital and Optimal Positive Taxation of Capital Income

Jacobs, Bas; Bovenberg, A. Lans - Tinbergen Instituut - 2005

This paper analyzes optimal linear taxes on capital and labor incomes in a life-cyclemodel of human capital investment, financial savings, and labor supply with heteroge-nous individuals. A dual income tax with a positive marginal tax rate on not onlylabor income but also capital income is...

Persistent link: https://www.econbiz.de/10011257280