Showing 1 - 10 of 138
This paper explores the economic role credit rating agencies play in the corporate bond market. We consider three existing theories about multiple ratings: information production, rating shopping and regulatory certification. Using differences in rating composition, default prediction and credit...
Persistent link: https://www.econbiz.de/10013156427
Gavosto, Venturini, Villosio (1999) find that the impact of foreign workers on the wage of natives was positive. Such a result was partly to be expected, and therefore the effect of immigrants on native employment is analyzed here. Two aspects of the unemployment experience are taken into...
Persistent link: https://www.econbiz.de/10011410707
behavior by presenting a framework of competition between two contestants from two different groups. The results are examined …
Persistent link: https://www.econbiz.de/10008689021
Recent human capital theories predict that labor market frictions and product market competition influence firm …, product market competition does not have an effect on firm-sponsored training. We conclude that increasing competition through …-sponsored training ; labor market frictions ; product market competition ; matched worker-firm data …
Persistent link: https://www.econbiz.de/10003975223
effect of private-school competition on students' entrepreneurial intentions. We exploit Catholic-Church resistance to state … shares, students' academic skills, and parents' entrepreneurial occupation. -- Private school competition ; entrepreneurship …
Persistent link: https://www.econbiz.de/10003983640
wages; the most widely accepted theoretical explanations interpret the unemployment rate as a measure of job competition …. This paper proposes new ways of measuring job competition, alternative to the unemployment rate, and finds that the … negative relationship still holds when job competition is measured following the job search literature. While for men the wage …
Persistent link: https://www.econbiz.de/10003941443
This paper assesses the impact of product market competition on job instability as proxied by the use of fixed … Strategies Survey, I show that job instability rises with competition. In particular, a one standard deviation increase in … competition in an economic sector decreases the probability that a fixed-term worker gets an open-ended contract within that …
Persistent link: https://www.econbiz.de/10009259523
The formation of human capital is important for a society's welfare and economic success. Recent literature shows that child health can provide an important explanation for disparities in children's human capital development across different socio-economic groups. While this literature focuses...
Persistent link: https://www.econbiz.de/10009307391
, inequality is highly responsive to the increase in product market competition triggered by domestic regulatory reform. …
Persistent link: https://www.econbiz.de/10010246655
Using linked employer-employee panel data for West Germany that include direct information on the competition faced by … plants, we investigate the effect of product market competition on the gender pay gap. Controlling for match fixed effects we … find that intensified competition significantly lowers the unexplained gap in plants with neither collective agreements nor …
Persistent link: https://www.econbiz.de/10010380863