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We study the effects of the reform of the system of severance payments (TFR) of Italian employees on the cost and the access to credit for small and medium-size enterprises (SMEs). The most direct consequence of the reform is to reduce in the long run the amount of liquid assets available to...
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Covers data from 1990 to 1997.
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, considers effects of wages and social security benefits on labour mobility, analyses structural unemployment and frictional …ILO pub. Article on comparison of causes and economic policy implications concerning unemployment in Germany, Federal … unemployment, and finds that the majority of unemployment is due to insufficient demand and, therefore, macro- economic in nature …
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up a risky entrepreneurial venture. Using administrative data from Denmark, where unemployment insurance (UI) is …Availability of (partial) insurance mechanisms is arguably important for the decision of (riskaverse) workers to start … UI choice process. Results show that the causal effect of insurance on the probability of starting up a venture is …
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In this paper, we test empirically whether there is a relationship between corporate income taxes and CEO bonus payments. Using Compustat and ExecuComp data from 1992 to 2010, we find mixed results. Looking at the whole sample, the average bonus contract rewards tax savings excessively in...
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productivity in the long run, but the economy suffers persistent unemployment in the near term. However, a pro …
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the insurance sector. The downside risk of insurers is explicitly modelled by common and idiosyncratic risk factors. Since … results point to a relatively low insurance sector wide risk. Dependence among insurers is higher than among reinsurers. …
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