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The Methodology of Modern Macroeconomics and the Descriptive Approach to Discounting

Vermeylen, Koen - Tinbergen Instituut - 2013

then use the insights from this thought experiment to point out some pitfalls of the modern macroeconomic methodology. …

Persistent link: https://www.econbiz.de/10011257067

Relating Stochastic Volatility Estimation Methods

Bos, Charles S. - Tinbergen Instituut - 2011

Estimation of the volatility of time series has taken off since the introduction of the GARCH and stochastic volatility models. While variants of the GARCH model are applied in scores of articles, use of the stochastic volatility model is less widespread. In this article it is argued that one...

Persistent link: https://www.econbiz.de/10011257075

A Bayesian Analysis of Unobserved Component Models using Ox

Bos, Charles S. - Tinbergen Instituut - 2011

Persistent link: https://www.econbiz.de/10011257295

The Impact of Gender Diversity on the Performance of Business Teams: Evidence from a Field Experiment

Hoogendoorn, Sander; Oosterbeek, Hessel; Praag, Mirjam van - Tinbergen Instituut - 2011

This discussion paper resulted in an article in Management Science. Volume 59 issue 7, pages 1514-1528. This paper reports on a field experiment conducted to estimate the impact of the share of women in business teams on their performance. Teams consisting of undergraduate students in business...

Persistent link: https://www.econbiz.de/10011272579

Skill Variety, Innovation and New Business Formation

Hessels, Jolanda; Brixy, Udo; Naudé, Wim; Gries, Thomas - Tinbergen Instituut - 2014

We extend Lazear’s theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical … commercial value. Our findings support the notion that entrepreneurship can be learned. …

Persistent link: https://www.econbiz.de/10011272604

Spatial Activity and Labour Market Patterns

Russo, Giovanni; Reggiani, Aura; Nijkamp, Peter - Tinbergen Instituut - 2005

The spatial activity patterns of firms in a multi-regional system are closely connected with the structure and evolution of regional labour markets. Based on an extensive data set (cross-section) on commuting flows in Germany, this paper aims to identify the relationship between entrepreneurial...

Persistent link: https://www.econbiz.de/10011255458

Risk, Balanced Skills and Entrepreneurship

Hsieh, Chihmao; Parker, Simon C.; Praag, C. Mirjam van - Tinbergen Instituut - 2011

-averse peoplemight be suited to entrepreneurship; and it may also help explain why prior researchhas generated mixed evidence about the … effects of risk aversion on selection into entrepreneurship. …

Persistent link: https://www.econbiz.de/10011255496

Uncertainty Avoidance and the Rate of Business Ownership across 22 OECD Countries, 1976-2000

Wennekers, Sander; Thurik, Roy; Stel, André van; … - Tinbergen Instituut - 2003

countries. First, the concepts of uncertainty and risk are elaborated, as well as theirrelevance for entrepreneurship. Second … (uncertaintyavoidance) may have a diverging impact on entrepreneurship. Possibly, a climate of uncertainty avoidancein large organizations …, suggesting that risingopportunity costs of entrepreneurship are the dominant perception in this cultural environment. In a …

Persistent link: https://www.econbiz.de/10011255529

It's the Opportunity Cost, stupid! How Self-Employment responds to Financial Incentives of Return, Risk and Skew

Berkhout, Peter; Hartog, Joop; Praag, Mirjam van - Tinbergen Instituut - 2011

There is no robust empirical support for the effect of financial incentives on the decision to work in selfemploymentrather than as a wage earner. In the literature, this is seen as a puzzle. We offer a focus on theopportunity cost, i.e. the wages given up as an employee. Information on income...

Persistent link: https://www.econbiz.de/10011255541

Risk Attitudes and Profits among Small Enterprises in Nigeria

Lammers, Judith; Willebrands, Daan; Hartog, Joop - Tinbergen Instituut - 2010

This paper analyses the effect of risk attitudes of firm owners on profits among micro and small enterprises (MSEs) in Lagos, Nigeria. Higher risk perceptions are shown to have a significant positive effect on profits, whereas risk propensity has a negative or no effect. Education, age, being...

Persistent link: https://www.econbiz.de/10011255653