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Culture: An Empirical Investigation of Beliefs, Work and Fertility

Fernández, Raquel; Fogli, Alessandra - C.E.P.R. Discussion Papers - 2005

We study the effect of culture on important economic outcomes by using the 1970 Census to examine the work and fertility behaviour of women 30-40 years old, born in the US, but whose parents were born elsewhere. We use past female labour force participation and total fertility rates from the...

Persistent link: https://www.econbiz.de/10005114141

Herd Effects or Migration Networks? The Location Choice of Mexican Immigrants in the US

Bauer, Thomas; Epstein, Gil S; Gang, Ira - C.E.P.R. Discussion Papers - 2002

This Paper addresses the question: why and where do immigrants cluster? We examine the relative importance and interaction of two alternative explanations of immigrant clustering: (1) network externalities and (2) herd behavior. We advance the theory by presenting a framework encompassing both...

Persistent link: https://www.econbiz.de/10005662355

The Influence of Others on Migration Plans

Epstein, Gil S; Gang, Ira - C.E.P.R. Discussion Papers - 2004

The willingness to migrate and locational choice may be influenced by others’ choices or plans, particularly if the ‘other people’, such as family and friends, are migrants, former migrants, or potential migrants themselves. We examine the roles ‘other people’ play in influencing an...

Persistent link: https://www.econbiz.de/10005666772

The Economic Impact of Social Ties: Evidence from German Reunification

Burchardi, Konrad B.; Hassan, Tarek - C.E.P.R. Discussion Papers - 2011

We use the fall of the Berlin Wall in 1989 to show that personal relationships which individuals maintain for non-economic reasons can be an important determinant of regional economic growth. We show that West German households who have social ties to East Germany in 1989 experience a persistent...

Persistent link: https://www.econbiz.de/10009150021

Enclaves, Language and the Location Choice of Migrants

Bauer, Thomas; Epstein, Gil S; Gang, Ira - C.E.P.R. Discussion Papers - 2002

Empirical studies in the migration literature have shown that migration enclaves (networks) negatively affect the language proficiency of migrants. These studies, however, ignore the choice of location as a function of language skills. Using data on Mexican migration to the US, we show that...

Persistent link: https://www.econbiz.de/10005114322

Entrepreneurship in Equilibrium

Gromb, Denis; Scharfstein, David - C.E.P.R. Discussion Papers - 2002

This Paper compares the financing of new ventures in start-ups (entrepreneurship) and in established firms … can arise (and sometimes coexist). In a low (high) entrepreneurship equilibrium, the market for failed entrepreneurs is … (entrepreneurship). We also characterize conditions under which there can be too little or too much entrepreneurial activity in …

Persistent link: https://www.econbiz.de/10005789057

The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists and Oligopolists

Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2006

Exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an environment, venture-backed firms have a stronger incentive to develop basic innovations into commercialized innovations than incumbent firms, due to strategic product market effects....

Persistent link: https://www.econbiz.de/10005791605

What are Firms? Evolution from Birth to Public Companies

Kaplan, Steven; Sensoy, Berk A.; Strömberg, Per Johan - C.E.P.R. Discussion Papers - 2005

We study how firm characteristics evolve from early business plan, to initial public offering, to public company for 49 venture capital financed companies. The average time elapsed is almost six years. We describe the financial performance, business idea, point(s) of differentiation, non-human...

Persistent link: https://www.econbiz.de/10005792538

Taxation and Venture Capital-Backed Entrepreneurship

Keuschnigg, Christian; Nielsen, Soren Bo - C.E.P.R. Discussion Papers - 2003

capital-backed entrepreneurship. We also argue that dividend and capital gains taxes on mature firms have important …

Persistent link: https://www.econbiz.de/10005504248

Debt or Equity? The Role of Venture Capital in Financing the New Economy in Germany

Audretsch, David B; Lehmann, Erik - C.E.P.R. Discussion Papers - 2002

Using a dataset of the firms listed on the Neuer Markt in Germany, this Paper demonstrates that venture backed firms differ from firms with other financial resources, especially debt. Thus, the results of this study provide evidence for the hypothesis that small and innovative firms are more...

Persistent link: https://www.econbiz.de/10005504258