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Two stylized representations are often found in the academic and policy literature on informality and formality in developing countries. The first is that the informal (or unregulated) sector is more competitive than the formal (or regulated) sector. The second is that contract enforcement is...
Persistent link: https://www.econbiz.de/10013122167
Utilitarian foundations for limited government are shaky insofar as they assume rational and consistent individuals. Recently economists' assumption of rational actors has come under sustained attack. Behavioural economics has suggested that people are plagued by irrational biases and...
Persistent link: https://www.econbiz.de/10013099108
We argue in favour of the shareholder model of the firm for three main reasons. First, serving multiple stakeholders leads to ill-defined property rights. What sounds like a fair compromise between stakeholders can easily evolve in a permanent struggle between the stakeholders about the ultimate...
Persistent link: https://www.econbiz.de/10013325047
A growing body of empirical work measuring different types of cultural traits has shown that culture matters for a variety of economic outcomes. This paper focuses on one specific aspect of the relevance of culture: its relationship to institutions. We review work with a theoretical, empirical,...
Persistent link: https://www.econbiz.de/10013016238
Two very different approaches are used to explore the relation between market orientation and gender wage differentials in international data. More market orientation might be related to gender wage gaps via its effects on competition in product and labor markets and the general absence of...
Persistent link: https://www.econbiz.de/10013316922
). First, we find that educational attainment and language proficiency have a higher return in the Netherlands than in Germany …, while for Germany we find a negative relation with tenured employment. The contrasting results on tenured employment may be … explained partly by differences in immigration rules. In Germany economic self-reliance is more important than in the …
Persistent link: https://www.econbiz.de/10014051625
system on the duration of unemployment in Germany on the basis of a flexible discrete-time hazard rate model estimated on pre …
Persistent link: https://www.econbiz.de/10014051628
Germany and the Netherlands. We compare labour market outcomes of Turkish immigrants, including both the first and second … large for Germany. Differences in past immigration policies between Germany and the Netherlands are likely to be important …
Persistent link: https://www.econbiz.de/10014051634
individual-level data for West Germany for the period 1983 to 1994, this paper explores both the demographic heterogeneity of …
Persistent link: https://www.econbiz.de/10014163654
Germany, where East German data on economic activity are unavailable for detailed regional levels and historical time series …
Persistent link: https://www.econbiz.de/10014076720