Showing 1 - 10 of 12
Education and wealth are positively correlated for individuals approaching retirement, but the direction of the causal relationship is ambiguous in theory and has not been identified in practice. We combine administrative data on individual total wealth with a reform expanding access to lower...
Persistent link: https://www.econbiz.de/10013208789
We study the contribution of parental similarity in schooling levels to the intergenerational transmission of educational attainment. We develop an empirical model for educational correlations within the family in which parental sorting can translate into intergenerational transmission, or...
Persistent link: https://www.econbiz.de/10012609097
Studies of individual wage dynamics typically ignore firm heterogeneity, whereas decompositions of earnings into worker and firm effects abstract from life-cycle considerations. We study firm effects in individual wage dynamics using administrative data on the population of Italian employers and...
Persistent link: https://www.econbiz.de/10012059359
Military conscription implicitly taxes draftees. Those who would have volunteered at the market wage may be forced to serve for lower wages, and those with higher opportunity costs may be forced to serve regardless, yet little is known about the distribution of this burden. We exploit the Danish...
Persistent link: https://www.econbiz.de/10013208678
Persistent link: https://www.econbiz.de/10012299948
Persistent link: https://www.econbiz.de/10014232172
This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We show that … prohibiting killer acquisitions strictly reduces the variety of innovation projects. By contrast, we find that prohibiting other … acquisitions only has a weakly negative innovation effect, and we provide conditions under which the effect is zero. Furthermore …
Persistent link: https://www.econbiz.de/10012284781
This paper provides a theory of strategic innovation project choice by incumbents and start-ups which serves as a … foundation for the analysis of acquisition policy. We show that prohibiting acquisitions has a weakly negative innovation effect …
Persistent link: https://www.econbiz.de/10012662673
This paper provides a theory of strategic innovation project choice by incumbents and start-ups which serves as a …, prohibiting acquisitions has a weakly negative overall innovation effect. We provide conditions determining the size of the effect …
Persistent link: https://www.econbiz.de/10014333779
This paper provides a theory of strategic innovation project choice by incumbents and start-ups which serves as a … foundation for the analysis of acquisition policy. We show that prohibiting acquisitions has a weakly negative innovation effect …
Persistent link: https://www.econbiz.de/10012588494