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education for a post-transition economy (Slovenia). Second, we test the signal of HE institutions and above average study …
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This paper discusses the claim made in Altonji and Pierret (1997) and Lange (2005) that a high speed of employer learning indicates a low value of job market signaling. The claim is first discussed intuitively in light of Spence’s original model and then evaluated in a simple extension of a...
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the importance of skills for the entrepreneurs who employ those workers, and in particular on their evolution over time …, heterogeneous firm model à la Lucas (1978): technological change does not benefit all potential entrepreneurs equally, and there is …. Because wages rise for all workers, low-productivity entrepreneurs will then at some point exit and become workers. As a …
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The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...
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This paper describes the theoretical underpinnings and provides empirical evidence for a model that predicts a positive impact of immigration on entrepreneurial activity. Immigrants, we hypothesize, facilitate innovation and entrepreneurship by being willing and able to invest in new skills. At...
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