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The impact of tax uncertainty on irreversible investment

Niemann, Rainer (contributor) - 2007

Persistent link: https://www.econbiz.de/10003597980

Optimal linear income taxation and education subsidies under skill-biased technical change

Jacobs, Bas; Thuemmel, Uwe - 2020

This paper studies how linear tax and education policy should optimally respond to skill-biased technical change (SBTC). SBTC affects optimal taxes and subsidies by changing i) direct distributional benefits, ii) indirect redistributional effects due to wage-(de)compression, and iii) education...

Persistent link: https://www.econbiz.de/10012404588

Stay in school or start working? : the human capital investment decision under uncertainty and irreversibility

Bilkic, Natasa; Gries, Thomas; Pilichowski, Margarethe - 2009

As the time of leaving school determines the level of academic achievement this timing decision is central for the human capital investment decision. Real option theory offers a new perspective of the human capital investment decision under uncertainty and irreversibility. Unlike other...

Persistent link: https://www.econbiz.de/10003897279

Real options and human capital investment

Jacobs, Bas (contributor) - 2007

Persistent link: https://www.econbiz.de/10003497588

Explosive oil prices

Gronwald, Marc - 2013

This paper deals with three aspects of spectacular oil price episodes such as the one witnessed in 2008. First, the concept of temporary explosiveness is proposed as an empirical method for capturing this type of behavior. The application of a recently proposed recursive unit root test shows...

Persistent link: https://www.econbiz.de/10009786017

Working time and employment under uncertainty

Chen, Yu-Fu; Funke, Michael - 2002

The standard literature on working time has modelled the decisions of firms in a deterministic framework in which firms can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we consider the impact of uncertainty and real options on the decision of...

Persistent link: https://www.econbiz.de/10011409991

Business uncertainty in developing and emerging economies

Avalos, Edgar; Barrero, Jose Maria; Davies, Elwyn; … - 2024

We study business uncertainty in high- versus low-volatility environments by surveying over 31,000 managers across 41 countries. We elicit subjective probability distributions for future own-firm sales and measure firm-level uncertainty with their mean absolute deviations. Analogously, we...

Persistent link: https://www.econbiz.de/10015071152

Global warming and extreme events : rethinking the timing and intensity of environmental policy

Chen, Yu-Fu; Funke, Michael - 2010

-probability extreme events on environmental policy in a continuous-time real options model with "tail risk". In a nutshell, our results … indicate the importance of tail risk and call for foresighted pre-emptive climate policies. -- climate policy ; extreme events …

Persistent link: https://www.econbiz.de/10003994530

Tax rate uncertainty and investment behavior

Niemann, Rainer - 2001

This paper deals with the effects of tax rate uncertainty on risk-neutral and risk-averse investment behavior. We … analyze effects of stochastic tax rates on both real and financial investment. It emerges that under risk neutrality as well … as under risk aversion, increased tax rate uncertainty has an ambiguous impact on investment behavior, depending on the …

Persistent link: https://www.econbiz.de/10011399893

Uncertainty and the employment dynamics of small and large businesses

Ghosal, Vivek; Ye, Yang - 2014

We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regression-based forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate...

Persistent link: https://www.econbiz.de/10010428770

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