Similar Search Results

Entrepreneurship, Wealth, Liquidity Constraints and Start-Up Costs

Fonseca, Raquel; Michaud, Pierre-Carl; Sopraseuth, Thepthida - 2021

We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship. The model predicts that, with liquidity...

Persistent link: https://www.econbiz.de/10013316960

Gender Pay Gap Patterns in Domestic and Foreign-Owned Firms

Magda, Iga - 2019

We investigate differences in gender wage gaps between foreign-owned and domestically-owned firms in Poland, a country that has experienced large FDI inflows over the past three decades. In line with the findings of several other studies, we show that according to standard estimates of adjusted...

Persistent link: https://www.econbiz.de/10012867142

Domestic Multinationals, Foreign Affiliates, and Labour Demand Elasticities

Godart, Olivier N. - 2012

Using information on a panel of multinational firms operating in the United Kingdom from 1996 to 2005, we find that labour demand in domestic multinationals is less sensitive to labour cost changes than in foreign multinationals. This difference in the wage elasticity of labour demand persists...

Persistent link: https://www.econbiz.de/10013096440

Self-Selection into Export Markets by Business Services Firms : Evidence from France, Germany and the United Kingdom

Temouri, Yama - 2010

This study reports results from an empirical investigation of business services sector firms that (start to) export … and productivity hold in the years before the export start, which indicates self-selection into exporting of more … relationship between profitability and starting to export is found …

Persistent link: https://www.econbiz.de/10013138673

High School Track Choice and Liquidity Constraints : Evidence from Urban Mexico

Bobba, Matteo - 2017

We study how a large household windfall affects sorting of relatively disadvantaged youth over high school tracks by exploiting the discontinuity in the assignment of a welfare program in Mexico. The in-cash transfer is found to significantly increase the probability of selecting vocational...

Persistent link: https://www.econbiz.de/10012964497

Financial Constraints and Innovation : Why Poor Countries Don't Catch Up

Gorodnichenko, Yuriy - 2015

of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm …'s innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm … export and hence to catch up to the technological frontiers. This negative effect is amplified as financial constraints force …

Persistent link: https://www.econbiz.de/10013039087

Estimating Labor-Supply Elasticities with Joint Borrowing Constraints of Couples

Bredemeier, Christian - 2016

Estimates of Frisch labor-supply elasticities are biased in the presence of borrowing constraints. We show that this estimation bias is less pronounced for secondary than for primary earners. The reason is that, in households with two earners and joint borrowing constraints, wage-rate...

Persistent link: https://www.econbiz.de/10012981501

Borrowing Constraints and the Dynamics of Return and Repeat Migration

Görlach, Joseph-Simon - 2022

As wages in migrant sending countries catch up with those in destinations, migrants adjust on several margins, including their duration of stay, the number of migrations they undertake, as well as the amount saved while abroad. This paper combines Mexican and U.S. data to estimate a dynamic...

Persistent link: https://www.econbiz.de/10014030843

Financial Stress, Family Conflict, and Youths' Successful Transition to Adult Roles

Cobb-Clark, Deborah A. - 2011

We analyze the effect of mothers' and youths' reports of family financial stress and conflict on youths' transitions into adult roles. We find that mothersﾒ reports of financial stresses and borrowing constraints are associated with earlier transitions to inactivity and public assistance,...

Persistent link: https://www.econbiz.de/10013134078

Optimal Price Indices for Targeting Inflation Under Incomplete Markets

Anand, Rahul - 2010

In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. In this paper, we develop a two-sector two-good closed economy new Keynesian model to study the optimal choice of price index in markets with...

Persistent link: https://www.econbiz.de/10013139035