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Diagnosing Discrimination: Stock Returns and CEO Gender

Wolfers, Justin - Institute for the Study of Labor (IZA) - 2006

A vast labor literature has found evidence of a "glass ceiling", whereby women are underrepresented among senior management. A key question remains the extent to which this reflects unobserved differences in productivity, preferences, prejudice, or systematically biased beliefs about the ability...

Persistent link: https://www.econbiz.de/10005762168

Partisan Impacts on the Economy: Evidence from Prediction Markets and Close Elections

Snowberg, Erik; Wolfers, Justin; Zitzewitz, Eric - Institute for the Study of Labor (IZA) - 2006

Political economists interested in discerning the effects of election outcomes on the economy have been hampered by the problem that economic outcomes also influence elections. We sidestep these problems by analyzing movements in economic indicators caused by clearly exogenous changes in...

Persistent link: https://www.econbiz.de/10005703211

Do airlines always suffer from crashes?

Ho, Jerry C.; Qiu, Mei; Tang, Xiaojun - In: Economics Letters 118 (2013) 1, pp. 113-117

We examine the impact of aviation disasters on the stock prices of the crash airlines and their rival airlines. Results show that the crash airlines experience deeper negative abnormal returns as the degree of fatality increases. The stock prices of the rival airlines also suffer in large-scale...

Persistent link: https://www.econbiz.de/10010603122

Decomposing abnormal returns in stochastic linear models

Lin, Carl - In: Economics Letters 118 (2013) 1, pp. 143-147

This paper presents a method helpful in analyzing the sources of return in an event study. A generalized decomposition result derived from the differential between two random linear functions attributes the effect of events or regulations on the value of firms to differences in economy-wide and...

Persistent link: https://www.econbiz.de/10010603147

Where Are the Real Bottlenecks? Evidence from 20,000 Firms in 60 Countries about the Shadow Costs of Constraints to Firm Performance

Carlin, Wendy; Schaffer, Mark; Seabright, Paul - Institute for the Study of Labor (IZA) - 2007

We use data from over 20,000 firms in 60 countries to identify constraints on the growth of firms. We interpret managers’ answers to survey questions on the extent to which various aspects of their external environment inhibit the performance of their firm as measuring the shadow cost of...

Persistent link: https://www.econbiz.de/10005763555

Investment Climate and Employment Growth: The Impact of Access to Finance, Corruption and Regulations Across Firms

Pages, Carmen; Aterido, Reyes; Hallward-Driemeier, Mary - Institute for the Study of Labor (IZA) - 2007

Using firm level data on 70,000 enterprises in 107 countries, this paper finds important effects of access to finance … systematically by firm types. Micro and small firms have less access to formal finance, pay more in bribes than do larger firms, and … downward the size distribution of firms. In the case of finance and business regulations this occurs by reducing the employment …

Persistent link: https://www.econbiz.de/10005762082

The Inequality-Growth Plateau

Henderson, Daniel J.; Qian, Junhui; Wang, Le - Institute for the Study of Labor (IZA) - 2015

We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require an a priori assumption on the underlying functional form. This approach reveals a plateau completely missed by commonly used (nonlinear) parametric approaches - the economy...

Persistent link: https://www.econbiz.de/10011128023

Willingness to Accept Equals Willingness to Pay for Labor Market Estimates of the Value of Statistical Life

Kniesner, Thomas J.; Viscusi, W. Kip; Ziliak, James P. - Institute for the Study of Labor (IZA) - 2012

Our research clarifies the conceptual linkages among willingness to pay for additional safety, willingness to accept less safety, and the value of statistical life (VSL). We present econometric estimates that in the important case of workers' decisions concerning exposure to fatal injury risk...

Persistent link: https://www.econbiz.de/10011096076

Non-Standard 'Contingent' Employment and Job Satisfaction: A Panel Data Analysis

Buddelmeyer, Hielke; McVicar, Duncan; Wooden, Mark - Institute for the Study of Labor (IZA) - 2013

It is widely assumed that contingent forms of employment, such as fixed-term contracts, labour-hire and casual employment, are associated with low quality jobs. This hypothesis is tested using data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey, a nationally...

Persistent link: https://www.econbiz.de/10011266183

Robust Linear Static Panel Data Models Using ε-Contamination

Baltagi, Badi H.; Bresson, Georges; Chaturvedi, Anoop; … - Institute for the Study of Labor (IZA) - 2014

The paper develops a general Bayesian framework for robust linear static panel data models using ε-contamination. A two-step approach is employed to derive the conditional type-II maximum likelihood (ML-II) posterior distribution of the coefficients and individual effects. The ML-II posterior...

Persistent link: https://www.econbiz.de/10011094081