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Scars of recessions in a rigid labor market
Cockx, Bart; Ghirelli, Corinna - 2015
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
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High-technology entrepreneurship in Silicon Valley
Fairlie, Robert W.; Chatterji, Aaron K. - 2013
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
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The rise (and fall) of tech clusters
Kichko, Sergey; Liang, Wen-Jung; Mai, Zhaocheng; … - 2020
Tech clusters play a growing role in knowledge-based economies by accommodating high-tech firms and providing an environment that fosters location-dependent knowledge spillovers and promote R&D investments by .rms. Yet, not much is known about the economic conditions under which such entities...
Persistent link: https://www.econbiz.de/10012271746
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Inside the mind of a stock market crash
Giglio, Stefano; Maggiori, Matteo; Stroebel, Johannes; … - 2020 - First draft: April 4th 2020, this draft: May 21, 2020
We analyze how investor expectations about economic growth and stock returns changed during the February-March 2020 stock market crash induced by the COVID-19 pandemic, as well as during the subsequent partial stock market recovery. We surveyed retail investors who are clients of Vanguard at...
Persistent link: https://www.econbiz.de/10012224226
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Spatial concentration of manufacturing firms in China
Brakman, Steven; Garretsen, Harry; Zhao, Zhao - 2014 - This version, June 2014
firms in China. Using a unique and detailed dataset on manufacturing firms in China, we are able to follow the changes in … location patterns of firms between 2002 and 2008. Our analysis shows that firms in China are more localized than in the UK or … state-owned firms. Our findings are consistent with the notion that China is increasingly liberalizing its economy, enabling …
Persistent link: https://www.econbiz.de/10010375399
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Mining matters : natural resource extraction and local business constraints
Haas, Ralph de; Poelhekke, Steven - 2016
We estimate the impact of local mining activity on the business constraints experienced by 22,150 firms across eight resource-rich countries. We find that with the presence of active mines, the business environment in the immediate vicinity (20 km) of a firm deteriorates but business constraints...
Persistent link: https://www.econbiz.de/10011565667
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Smart cities are big cities : comparative advantage in Chinese cities
Hu, Shiwei; Brakman, Steven; Marrewijk, Charles van - 2014
The literature on China indicates that the concentration of economic activities in China is less than in other … workers are not able to take full advantage of the benefits from agglomeration economies. China is changing rapidly, however … institutional limitations in China against further agglomeration weaken, and that the consensus in the literature that "Chinese …
Persistent link: https://www.econbiz.de/10010417992
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Industrial clusters in the long run : evidence from Million-Rouble plants in China
Heblich, Stephan; Marlon, Seror; Xu, Hao; Zylberberg, Yanos - 2019
This paper exploits a short-lived cooperation program between the U.S.S.R. and China, which led to the construction of …
Persistent link: https://www.econbiz.de/10012026413
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The distribution of ambiguity attitudes
Gaudecker, Hans-Martin von; Wogrolly, Axel; Zimpelmann, … - 2022
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
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Oil price uncertainty and sectoral stock returns in China : a time-varying approach
Caporale, Guglielmo Maria; Ali, Faek Menla; Spagnolo, Nicola - 2014
This paper investigates the time-varying impact of oil price uncertainty on stock prices in China using weekly data on …
Persistent link: https://www.econbiz.de/10010375190