Showing 1 - 10 of 653
Many studies estimate the impact of exposure to some quasi-experimental policy or event using a panel event study design. These models, as a generalized extension of 'difference-in-differences' or two-way fixed effect models, allow for dynamic lags and leads to the event of interest to be...
Persistent link: https://www.econbiz.de/10012827337
On theoretical grounds, monitoring of top executives by the (supervisory) board is expected to be value relevant. The empirical evidence is ambiguous and we analyze three non-competing explanations for this ambiguity: (i) The positive effect on firm value of board monitoring is hidden in stock...
Persistent link: https://www.econbiz.de/10013316805
This paper formulates a simple model of female labor force decisions which embeds an in-work benefit reform and explicitly allows for announcement and implementation effects. We explore several mechanisms through which women can respond to the announcement of a reform that increases in-work...
Persistent link: https://www.econbiz.de/10013119013
and 21 percent, respectively. The negative effect of downsizing increases with the share of workers with a permanent …
Persistent link: https://www.econbiz.de/10012998999
A rise in population caused by increased immigration is sometimes accompanied by concerns that the increase in population puts additional or differential pressure on welfare services which might affect the net fiscal contribution of immigrants. The UK and Germany have experienced significant...
Persistent link: https://www.econbiz.de/10013099733
We discuss changes in the demand for paid sex accompanying the criminalization of prostitution in the United Kingdom … Lifestyles (Natsal2, conducted in 2000-2001 and Natsal3, conducted in 2010-2012) to illustrate the changes in demand that have … taken place across the two waves. We do not find demand decreasing in our sample and find a shift in the composition of …
Persistent link: https://www.econbiz.de/10012867982
We exploit lottery wins to investigate the effects of exogenous changes to individuals' income on health care demand in …
Persistent link: https://www.econbiz.de/10013025317
This paper investigates the relationship between share prices and mental health, exploiting the availability of … interview dates in the British Household Panel Survey to match the level and changes in the FTSE All Share price index to … respondents over the period 1991-2008. We present evidence that the level, 6 month and yearly changes in the share price index are …
Persistent link: https://www.econbiz.de/10013098468
How does the value of a firm change in response to a minimum wage hike? The evidence we have to date is not well-suited to answer this question, principally because events that have been studied are not completely unknown to the stock market or have uncertainty associated with them. This paper...
Persistent link: https://www.econbiz.de/10012992737
We examine how emerging market (EM) investors allocate their stock portfolios internationally. Using both country-level and institution-level data, we find that the coming wave of EM investors systematically over- and under-weight their holdings in some target countries. These abnormal foreign...
Persistent link: https://www.econbiz.de/10013013596