Showing 1 - 10 of 146
Persistent link: https://www.econbiz.de/10003599279
We study the impact of graduating in a recession in Flanders (Belgium), i.e. in a rigid labor market. In the presence of a high minimum wage, a typical recession hardly influences the hourly wage of low educated men, but reduces working time and earnings by about 4.5% up to twelve years after...
Persistent link: https://www.econbiz.de/10010491732
The economic expansion of the late 1990s created many opportunities for business creation in Silicon Valley, but the opportunity cost of starting a business was also high during this period because of the exceptionally tight labor market. A new measure of entrepreneurship derived from matching...
Persistent link: https://www.econbiz.de/10010212670
, which allows us to determine necessary and sufficient conditions for a tech cluster to emerge as an equilibrium outcome. We … tech cluster to form. Not only is the productivity of the final sector higher when intermediate firms cluster, but a tech … cluster hosts more intermediate firms and more R&D and production activities, and yields greater worker welfare, compared to …
Persistent link: https://www.econbiz.de/10012271746
If one cluster increases local competitiveness, can politicians, by interlinking clusters, achieve an even better … effect at the state level? To answer this question, the paper analyzes the Cluster Initiativeʺ introduced in 1999 by the …-wide knowledge flows. Using a difference-in-differences approach, we find that introducing the Bavarian-wide cluster policy increased …
Persistent link: https://www.econbiz.de/10003790767
We develop a unified stochastic frontier model which controls for the local spatial correlation and the global factor dependence as well as parameter heterogeneity, simultaneously. We then propose the regional productivity network analysis to examine the diffusion impacts of the capital...
Persistent link: https://www.econbiz.de/10014265593
Persistent link: https://www.econbiz.de/10003598831
Persistent link: https://www.econbiz.de/10003498831
This paper analyzes the stability and distribution of ambiguity attitudes using a broad population sample. Using high-powered incentives, we collected six waves of data on ambiguity attitudes about financial markets—our main application—and climate change. Estimating a structural stochastic...
Persistent link: https://www.econbiz.de/10013445542
This paper studies the life-cycle effects of favorable marginal tax treatment of older workers on their optimal life cycle labor supply, retirement timing, and savings. I develop a structural model in continuous time where the life-cycle of a representative agent is divided into three distinct...
Persistent link: https://www.econbiz.de/10012495695