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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
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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
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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
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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
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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
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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
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Does the Size of the Effect of Adverse Events at High Ages on Daily-Life Physical Functioning Depend on the Economic Conditions Around Birth?
Scholte, Robert; den Berg, Gerard J. van; Lindeboom, Maarten - Institute for the Study of Labor (IZA) - 2014
This paper considers determinants of physical-functional limitations in daily-life activities at high ages. Specifically, we quantify the extent to which the impact of adverse life events on this outcome is larger in case of exposure to adverse economic conditions early in life. Adverse life...
Persistent link: https://www.econbiz.de/10010884074
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Do Business Visits Cause Productivity Growth?
Tani, Massimiliano; Joyeux, Roselyne - Institute for the Study of Labor (IZA) - 2013
The production and diffusion of knowledge have increasingly been seen as potential causes of the observed international differences in total factor productivity and, in turn, as possible sources of economic growth. This paper presents the results of a causality study between business visits and...
Persistent link: https://www.econbiz.de/10010884105
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Internal vs. International Migration: Impacts of Remittances on Child Well-Being in Vietnam
Binci, Michele; Giannelli, Gianna Claudia - Institute for the Study of Labor (IZA) - 2012
This paper focuses on the effects of domestic and international remittances on children's well-being. Using data from the 1992/93 and 1997/98 Vietnam Living Standards Surveys, we investigate average school attendance and child labour in remittance recipient and non-recipient households. The...
Persistent link: https://www.econbiz.de/10010884249
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Estimating efficiency spillovers with state level evidence for manufacturing in the US
Glass, Anthony; Kenjegalieva, Karligash; Sickles, Robin C. - In: Economics Letters 123 (2014) 2, pp. 154-159
Unit specific effects are often used to estimate non-spatial efficiency. We extend such estimators to the case where there is spatial autoregressive dependence and introduce the concept of spillover efficiency. Intuitively, we present an approach to benchmark how successful units are at...
Persistent link: https://www.econbiz.de/10010906375