Showing 1 - 10 of 11
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...
Persistent link: https://www.econbiz.de/10010291523
Using an overlapping generations model, two new indicators of public pension system sustainability are proposed: the pension space, which measures the capacity to pay for pension expenditures out of labour taxation, and the pension space exhaustion probability reflecting demographic...
Persistent link: https://www.econbiz.de/10014347982
We present new empirical evidence on the distribution of earnings, income and wealth among entrepreneurs in Germany. We document that both earnings and income are more concentrated among entrepreneurs than among workers and describe a large-scale overlapping-generations model that can replicate...
Persistent link: https://www.econbiz.de/10012827665
This paper surveys the recent social science literature on religion in economic history, covering both socioeconomic … Catholic Church in European economic history since the medieval period. Taking advantage of newly digitized data and advanced … leading role in the interconnection between religion and economic history. Third, many socioeconomic factors matter in the …
Persistent link: https://www.econbiz.de/10012830986
Why did substantial parts of Europe abandon the institutionalized churches around 1900? Empirical studies using modern data mostly contradict the traditional view that education was a leading source of the seismic social phenomenon of secularization. We construct a unique panel dataset of...
Persistent link: https://www.econbiz.de/10010352373
We compare the numerical methods that are most widely applied in the computation of the standard business cycle model with flexible labor. The numerical techniques imply economically insignificant differences with regard to business cycle summary statistics except for the volatility of...
Persistent link: https://www.econbiz.de/10010275772
This paper surveys the recent social science literature on religion in economic history, covering both socioeconomic … Catholic Church in European economic history since the medieval period. Taking advantage of newly digitized data and advanced … leading role in the interconnection between religion and economic history. Third, many socioeconomic factors matter in the …
Persistent link: https://www.econbiz.de/10012269435
This paper provides a documentation of the ifo Prussian Economic History Database (iPEHD), a county-level database … unique source for micro-regional empirical research in economic history, enabling analyses of the importance of such factors …
Persistent link: https://www.econbiz.de/10010283920
We present new empirical evidence on the distribution of earnings, income and wealth among entrepreneurs in Germany. We document that both earnings and income are more concentrated among entrepreneurs than among workers and describe a large-scale overlapping-generations model that can replicate...
Persistent link: https://www.econbiz.de/10012269509
Max Weber attributed the higher economic prosperity of Protestant regions to a Protestant work ethic. We provide an alternative theory, where Protestant economies prospered because instruction in reading the Bible generated the human capital crucial to economic prosperity. County-level data from...
Persistent link: https://www.econbiz.de/10010264122