Showing 1 - 10 of 33
Models with high dimensional sets of fixed effects are frequently used to examine, among others, linked employer-employee data, student outcomes and migration. Estimating these models is computationally difficult, so simplifying assumptions that cause bias are often invoked to make computation...
Persistent link: https://www.econbiz.de/10011212792
We show that the business education/occupations have expanded and that the technical education/occupations have contracted in the Czech Republic and Poland since 1990. We interpret these changes as an adjustment necessary for their transition to a market economy. We do not find the same pattern...
Persistent link: https://www.econbiz.de/10005086653
This paper deals with export credit promotion in the Czech Republic. The development and structure of Czech trade and export support is presented first. This is followed by an econometric analysis of the gravity model of Czech trade. A panel of 160 countries in 1996–2008 is analyzed and two...
Persistent link: https://www.econbiz.de/10010842899
This paper works with a broad data sample of Czech voucher-privatized firms during 1996 - 1999. It analyzes the development of ownership structure and consequently its effect on a firm's performance Ownership concentration had been quite high in 1996 and steadily increased. The single largest...
Persistent link: https://www.econbiz.de/10005146567
Mobility restrictions (e.g., severance payment, life-long tenure, and divorce ban) are widely observed. This paper is … such as break-up payment and break-up ban can improve welfare. Thus the paper rationalizes mobility restrictions as welfare …
Persistent link: https://www.econbiz.de/10005086617
I present a model in which randomly matched pairs of people bargain over the division of output in each period. Output can be consumed or stored for later consumption. People are identical except possibly in wealth (i.e., the stored output). The one-period utility is linear except for the...
Persistent link: https://www.econbiz.de/10010842941
Income and consumption inequality increased in all transition economies, albeit to very different levels. Existing … findings suggest that countries that were slow to undertake promarket reforms experienced the largest increase in inequality …, with the notable exception of Belarus, one of the least reformed ex-Soviet republics, that nevertheless has inequality …
Persistent link: https://www.econbiz.de/10005086657
This paper studies a closed economy with a continuum of agents and moral hazard. Economic agents in the economy operate a stochastic production technology with capital and labor inputs in which the latter is private information. I characterize efficient allocations of capital, labor, and...
Persistent link: https://www.econbiz.de/10005086660
The paper examines the importance of financial constraints for firm capital structure decisions in transitions economies during 1996-2006 using endogenous switching regression with unknown sample separation approach. The evidence suggests that differences in financing constraints have a...
Persistent link: https://www.econbiz.de/10008752386
Using a large panel of Czech manufacturing firms with 50 or more employees, we update the firmlevel labour demand elasticity estimates for 2002–2009. The economic crisis of 2008–2009 provides a source of variation needed for getting estimates that cover not only times of growth, but also a...
Persistent link: https://www.econbiz.de/10010842880