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Perceptions, Expectations, and Entrepreneurship: The Role of Extreme Events

Brück, Tilman; Llussá, Fernanda; Tavares, José - C.E.P.R. Discussion Papers - 2010

We provide, for the first time, comparative evidence of the impact of various types of extreme events – natural disasters, terrorism, and violent conflicts – on the perceptions of entrepreneurs concerning some key entrepreneurial issues – such as fear of failure in starting a business...

Persistent link: https://www.econbiz.de/10008692319

Practice Makes Perfect: On Professional Standards

Sällström, Susanna - C.E.P.R. Discussion Papers - 2007

Professional standards vary across professions and also change over time. One profession which has remained perfectionist is classical music, where the amount of practising is striking compared with other professions. Practising is a matter of increasing the reliability of ones skills rather...

Persistent link: https://www.econbiz.de/10005666828

Minimum Wages: Curse or Blessing?

Ravn, Morten O; Sorensen, Jan Rose - C.E.P.R. Discussion Papers - 1995

In this paper we consider the effects of minimum wage legislation in an overlapping generations model. In our model there is an intergenerational externality in the accumulation of human capital since the production of human capital of every new generation depends positively on the average human...

Persistent link: https://www.econbiz.de/10005789188

Performance Gender-Gap: Does Competition Matter?

Örs, Evren; Palomino, Frédéric; Peyrache, Eloïc - C.E.P.R. Discussion Papers - 2008

Using data from a natural experiment with high payoffs in education, we examine whether the competitive nature of tournament structure explains the performance gender-gap. We find that performance is statistically lower for women, the variance of performance is higher for men, and the tails of...

Persistent link: https://www.econbiz.de/10005792216

Immigrant Earnings Change: The Importance of Australian Schooling.

Will, L. - Research School of Economics, College of Business and … - 1996

It is shown, both theoretically and empirically, that failure to take age at arrival into account leads to some bias in estimates of earnings change with years since migration. In addition, the analysis reveals that results are sensitive to the approach taken to inclusion of information on...

Persistent link: https://www.econbiz.de/10004977266

Which Factors Determine Academic Performance of Undergraduate Students in Economics? Some Spanish Evidence

Dolado, Juan J.; Morales, Eduardo - C.E.P.R. Discussion Papers - 2007

This paper analyses the determinants of academic performance of first-year undergraduate students in Economics at …-made for future economics students) and that the latter do not perform significantly better than the former in subjects with …

Persistent link: https://www.econbiz.de/10005498100

Gender Gap in Performance under Competitive Pressure

Jurajda, Stepan; Münich, Daniel - C.E.P.R. Discussion Papers - 2008

Do women perform worse than equally able men in stressful competitive settings? We ask this question for competitions with a high payoff---admissions to tuition-free selective universities. With data on an entire cohort of Czech students graduating from secondary schools and applying to...

Persistent link: https://www.econbiz.de/10005504669

Childhood Determinants of Risk Aversion: The Long Shadow of Compulsory Education

Hryshko, Dmytro; Luengo-Prado, Maria Jose; Sørensen, Bent E - C.E.P.R. Discussion Papers - 2010

We study the determinants of individual attitudes towards risk and, in particular, why some individuals exhibit extremely high risk aversion. Using data from the Panel Study of Income Dynamics we find that a policy induced increase in high school graduation rates leads to significantly fewer...

Persistent link: https://www.econbiz.de/10008642879

Threat of a Capital Levy, Expected Devaluation and Interest Rates in Inter-War France

Sicsic, Pierre - C.E.P.R. Discussion Papers - 1998

gold standard during the 1930s. We do this by separating expectations of taxation and of devaluation that are implicitly … expectations of a capital levy or other taxation devices; third that hyperinflation was not expected, even at the moment of maximum … low as the spot value. For the 1930s, we show that expectations of a depreciation of the franc explain the rise in …

Persistent link: https://www.econbiz.de/10005662302

Can News About the Future Drive the Business Cycle?

Jaimovich, Nir; Rebelo, Sérgio - C.E.P.R. Discussion Papers - 2006

We propose a model that generates an economic expansion in response to good news about future total factor productivity (TFP) or investment-specific technical change. The model has three key elements: variable capital utilization, adjustment costs to investment, and preferences that exhibit a...

Persistent link: https://www.econbiz.de/10005666399

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