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Do public program benefits crowd out private transfers in developing countries? : a critical review of recent evidence
Nikolov, Plamen; Bonci, Matthew - 2020
Precipitated by rapid globalization, rising inequality, population growth, and longevity gains, social protection programs have been on the rise in low- and middle-income countries (LMICs) in the last three decades. However, the introduction of public benefits could displace informal mechanisms...
Persistent link: https://www.econbiz.de/10012194596
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Investment crowding-out and labor market effects of financialization in the US
González, Ignacio; Sala, Hector - 2013
This paper studies the impact of financialization on unemployment in the U.S. We estimate a dynamic multi-equation macro labor model including labor demand, labor supply, wage-setting and capital accumulation equations. Financialization appears as a key determinant of capital accumulation which,...
Persistent link: https://www.econbiz.de/10009721371
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Does homeownership lead to longer unemployment spells? : the role of mortgage payments
Baert, Stijn; Heylen, Freddy; Isebaert, Daan - 2013
. We contribute to the literature in distinguishing homeowners with mortgage payments and outright homeowners. We … homeowner, a homeowner with mortgage payments or a tenant by a mixed multinomial logit model. To be able to correctly identify … results show that homeowners with a mortgage exit unemployment first. Outright owners stay unemployed the longest. Tenants …
Persistent link: https://www.econbiz.de/10010222174
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Home ownership and home equity promote entrepreneurial activity
Hassink, Wolter H. J.; Millone, Matteo; Mocking, Remco; … - 2021
This paper studies the effects of private real estate collateral on entrepreneurial lending and entrepreneurial activity in the Netherlands. The residential collateral channel is especially relevant for sole-proprietors who own a business with unlimited liability. We used administrative data on...
Persistent link: https://www.econbiz.de/10012485842
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Making use of home equity : the potential of housing wealth to enhance retirement security
Bravo, Jorge Miguel Ventura; Ayuso, Mercedes; Holzmann, … - 2019
amount of home equity that is expected to be released over a 10-year period through regular monthly mortgage payments. We …
Persistent link: https://www.econbiz.de/10012120692
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Playing "hard to get" : an economic rationale for crowding out of intrinsically motivated behavior
Schnedler, Wendelin; Vanberg, Christoph - 2014
Anecdotal, empirical, and experimental evidence suggests that offering extrinsic rewards for certain activities can reduce people's willingness to engage in those activities voluntarily. We propose a simple rationale for this "crowding out" phenomenon, using standard economic arguments. The...
Persistent link: https://www.econbiz.de/10010345273
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Do the higher educated unemployed crowd out the lower educated ones in a competition for jobs?
Cockx, Bart; Dejemeppe, Muriel - 2002
This paper proposes a new method to estimate the extent of job competition between workers with different schooling levels. We estimate the structural parameters of a matching function generalised to incorporate crowding out effects. We use flow data out of unemployment containing information on...
Persistent link: https://www.econbiz.de/10011412393
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Pension reform : disentangling retirement and savings responses
Lindeboom, Maarten; Montizaan, Raymond - 2018
In January 2006, the Dutch government implemented a pension reform that substantially reduced the public pension wealth of workers born in 1950 or later. At the same time, a tax-facilitated savings plan was introduced that substantially reduced the saving costs of all workers, irrespective of...
Persistent link: https://www.econbiz.de/10011876086
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Incentive contracts crowd out voluntary cooperation : evidence from gift-exchange experiments
Gächter, Simon; Kaiser, Esther; Königstein, Manfred - 2024
Explicit and implicit incentives and opportunities for mutually beneficial voluntary cooperation co-exist in many contractual relationships. In a series of eight laboratory gift-exchange experiments, we show that incentive contracts can lead to crowding out of voluntary cooperation even after...
Persistent link: https://www.econbiz.de/10014502768
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Why volunteer? : Evidence on the role of altruism, reputation, and incentives
Carpenter, Jeffrey P. (contributor);  … - 2007
Volunteering plays a prominent role in the charitable provision of goods and services, yet we know relatively little about why people engage in such prosocial acts. The list of possible motivations is long, but recent research has focused on altruism, reputational concerns, and material...
Persistent link: https://www.econbiz.de/10003561613