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The Fiscal Effect of Immigration : Reducing Bias in Influential Estimates
Clemens, Michael A. - 2022
Immigration policy can have important net fiscal effects that vary by immigrants' skill level. But mainstream methods to estimate these effects are problematic. Methods based on cashflow accounting offer precision at the cost of bias; methods based on general equilibrium modeling address bias...
Persistent link: https://www.econbiz.de/10014244454
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Financing Entrepreneurship and the Old-Boy Network
Inci, Eren; Parker, Simon C. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2012
We study entrepreneurs’ start-up financing from banks and local financiers. An informalnetwork, whose membership cannot be observed by outsiders, conveys the good signals itgets about the hidden types of network entrepreneurs to local financiers, which are thenreflected in different loan...
Persistent link: https://www.econbiz.de/10009486875
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Foreign Capital and Economic Growth
Prasad, Eswar S.; Rajan, Raghuram Govind; Subramanian, … - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
We document the recent phenomenon of uphill flows of capital from nonindustrial toindustrial countries and analyze whether this pattern of capital flows has hurt growth innonindustrial economies that export capital. Surprisingly, we find that there is a positivecorrelation between current...
Persistent link: https://www.econbiz.de/10005861353
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Brain Drain, Fiscal Competition,and Public Education Expenditure
Egger, Hartmut; Falkinger, Josef; Grossmann, Volker - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
This paper uses a two-country model with integrated markets for high-skilled labor to analyzethe opportunities and incentives for national governments to provide higher education.Countries can differ in productivity, and education is financed through a wage tax, so thatbrain drain affects the...
Persistent link: https://www.econbiz.de/10005863111
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The Impact of Immigrants on Public Finances : A Forecast Analysis for Denmark
Hansen, Marianne - 2015
All over Europe, ageing populations threaten nations' financial sustainability. In this paper we examine the potential of immigration to strengthen financial sustainability. We look at a particularly challenging case, namely that of Denmark, which has extensive tax-financed welfare programmes...
Persistent link: https://www.econbiz.de/10013028146
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Fiscal Zoning, Sales Taxes, and Employment : Do Higher Sales Taxes Lead to More Jobs in Retailing and Fewer Jobs in Manufacturing?
Burnes, Daria - 2012
We test the hypothesis that local government officials in jurisdictions that have higher local sales taxes are more likely to use fiscal zoning to attract retailing. We find that total retail employment is not significantly affected by local sales tax rates, but employment in big box and anchor...
Persistent link: https://www.econbiz.de/10013109437
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Trust in Public Institutions Over the Business Cycle
Stevenson, Betsey - 2011
We document that trust in public institutions ﾖ and particularly trust in banks, business and government ﾖ has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear...
Persistent link: https://www.econbiz.de/10013128218
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Why Use ROSCAs When You Can Use Banks? Theory and Evidence from Ethiopia
Kedir, Abbi M. - 2011
Much of the existing literature on the use of informal credit arrangements such as ROSCAs (Rotating and Credit Saving Associations) theorises the use of such institutions as arising from market failures in the development of formal saving and credit mechanisms. As economic development proceeds,...
Persistent link: https://www.econbiz.de/10013123599
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Aging and Attitudes Towards Strategic Uncertainty and Competition : An Artefactual Field Experiment in a Swiss Bank
Madiès, Thierry - 2012
We study the attitudes of junior and senior employees towards strategic uncertainty and competition, by means of a market entry game inspired by Camerer and Lovallo (1999). Seniors exhibit higher entry rates compared to juniors, especially when earnings depend on relative performance. This...
Persistent link: https://www.econbiz.de/10013104678
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Help in a Foreign Land : Internationalized Banks and Firms' Export
Brancati, Emanuele - 2022
’s domestic bank by an internationalized banking group. Our results show that, after the acquisition, firms have a significantly … higher probability of starting export in countries where the consolidated bank has a foreign branch, which proxies for the … mainly reduce firms’ fixed entry costs in a foreign market. The analysis also shows that other channels, such as bank credit …
Persistent link: https://www.econbiz.de/10013403718