with career-concerns, where institutional owners increase managerial incentives to innovate by reducing the career risk of … substitution effect between institutional ownership and product market competition (and managerial entrenchment generally), the …

assistance. As an alternative, we analyze a reform proposal which reduces financial incentives for marginal employment not … modest positive labor supply effects, a relatively large number of households would suffer income losses. -- work incentives …

incentives for lower income classes and to increase durations of unemployment. Standard studies measure work incentives based on … annual income concepts. This paper analyzes how work incentives inherent in the German tax-benefit system evolve when … incentives increased even more than short-term work incentives. Particularly for middle-income individuals, this is largely …