Narrow search
Showing 1 - 10 of 2,703
Cover Image
Constrained firms, not subsistence activities : evidence on capital returns and accumulation in Peruvian microenterprises
Göbel, Kristin; Grimm, Michael; Lay, Jann - 2012
We investigate the returns to capital and capital accumulation using panel data of Peruvian micro enterprises (MEs). Marginal returns to capital are found to be very high at low levels of capital, but rapidly decreasing at higher levels. The dynamic analyses of capital accumulation in MEs...
Persistent link: https://www.econbiz.de/10009627349
Cover Image
On the negative relationship between labor income uncertainty and homeownership : risk aversion vs. credit constraints
Diaz-Serrano, Luis (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002156793
Cover Image
Hidden insurance in a moral hazard economy
Bertola, Giuseppe; Koeniger, Winfried - 2013
We consider an economy where individuals privately choose effort and trade competitively priced securities that pay off with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then standard functional form restrictions ensure that...
Persistent link: https://www.econbiz.de/10010225898
Cover Image
Uncovering the mechanism(s): financial constraints and wages
Arabzadeh, Hamzeh; Balleer, Almut; Gehrke, Britta - 2020
How do wages respond to financial recessions? Based on a dynamic macroeconomic model with frictions in the labor and the financial market, we address two prominent mechanism through which firms' financial constraints amplify unemployment and explore their effect on wages. First, the financial...
Persistent link: https://www.econbiz.de/10012389827
Cover Image
Compensating differentials in experimental labor markets
Carpenter, Jeffrey P.; Matthews, Peter Hans; Robbett, Andrea - 2015
The theory of compensating differentials has proven difficult to test with observational data: the consequences of …. Instead, we construct experimental, real-effort labor markets and offer an evaluation of the theory in a controlled setting … differentials are affected by worker mobility and therefore selection. Consistent with the theory, we find that riskier firms must …
Persistent link: https://www.econbiz.de/10010477537
Cover Image
Dealer pricing of consumer credit
Bertola, Giuseppe; Hochgürtel, Stefan; Koeniger, Winfried - 2002
Interest rates on consumer lending are lower when funds are tied to purchase of a durable good than when they are made available on an unconditional basis. Further, dealers often choose to bear the financial cost of their customers' credit purchases. This paper interprets this phenomenon in...
Persistent link: https://www.econbiz.de/10011406655
Cover Image
Timing the transfer : liquidity constraints and the transition to clean fuels
Afridi, Farzana; Barnwal, Prabhat; Sarkar, Shreya - 2024
We study the role of the administrative design of energy subsidy programs aimed at encouraging households' transition to cleaner energy sources. Our context is the universal subsidy for clean cooking gas (LPG) in India - households first purchase LPG at the market price (over-the-counter) and...
Persistent link: https://www.econbiz.de/10014580725
Cover Image
On measuring uncertainty : snakes and ladders
Junankar, Pramod N. - 2016
The Global Crisis demonstrated to the world that Ratings Agencies had misled the public about the stability of financial institutions. The Finance literature had decided that it was impossible to have bubbles in financial markets and any surge in the stock market would be self-correcting. Recent...
Persistent link: https://www.econbiz.de/10011543578
Cover Image
Beliefs that entertain
Gandhi, Ashvin; Giuliano, Paola; Guan, Eric; Keefer, … - 2024
surprise, and flow theory from psychology. We then leverage our estimated model and an evolutionary algorithm to find the …
Persistent link: https://www.econbiz.de/10014502890
Cover Image
A reevaluation of the role of family in immigrants' labor market activity : evidence from a comparison of single and married immigrants
Cohen-Goldner, Sarit; Gotlibovski, Chemi; Kahana, Nava - 2009
Previous papers tested the validity of the Family Investment Hypothesis (FIH) among immigrants by comparing the labor market outcomes of immigrant couples and native or mixed couples. Here we propose an alternative test for the FIH which is based on a comparison between married and single...
Persistent link: https://www.econbiz.de/10003847131