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This paper looks at the evolution of incomes at the top of the distribution in Canada. Master files of the Canadian Census are used to study the composition of top income earners between 1981 and 2011. Our main finding is that, as in the United States, executives and individuals working in the...
Persistent link: https://www.econbiz.de/10013022664
an economic history of the period from 1850-1950, with distinguished economists' stories inserted in appropriate places …. Nasar's goal is to show how economists work, but also to show that they are people too – with more than enough warts and …'s remarkably different conception in The Worldly Philosophers. I also discuss more generally the question of why economists might …
Persistent link: https://www.econbiz.de/10013113091
This paper investigates whether and how various characteristics of CEOs and corporate boards are related to the severity of corporate governance problems within firms. The latter is proxied by private benefits of control, which we measure for dual class stock firms using the voting premium...
Persistent link: https://www.econbiz.de/10013112769
The risk of default that business firms face is very significant and differs widely across countries. This paper … explores the links between countries' business conditions and international trade embedment and the default risk at the country … derive sharp predictions concerning how key factors which shape a country's business and trade environment impact on the …
Persistent link: https://www.econbiz.de/10013128748
Using a country-industry panel dataset (EUKLEMS) we uncover a robust empirical regularity, namely that high-risk …
Persistent link: https://www.econbiz.de/10013133623
-shaped. Using a panel of urban Chinese households covering 1989-2006, we document a sharp increase in income uncertainty. While the … a buffer-stock savings model and show that rising income uncertainty and pension reforms lead younger and older … households, respectively, to raise their saving rates. These two factors account for over half of the increase in China's urban …
Persistent link: https://www.econbiz.de/10013135632
are too impatient to save and too risk averse to take the sort of chances needed to accumulate wealth. The empirical … the issues confounding previous analyses of the links between risk preferences and well-being. Our sample includes more … on risk preferences, we find little evidence of robust links between risk aversion and well-being. However, when we …
Persistent link: https://www.econbiz.de/10013136481
More often than not production processes are the joint endeavor of people having different abilities and productivities. Such production processes and the associated surplus production are often not fully transparent in the sense that the relative contributions of involved agents are blurred;...
Persistent link: https://www.econbiz.de/10013139946
Economists often analyze cross-sectional data to estimate the value people implicit place on attributes of goods using … in levels of fatal risk. The paper contrasts VSL estimates from conventional analysis with the bounds obtained under this …
Persistent link: https://www.econbiz.de/10013139964
There is no robust empirical support for the effect of financial incentives on the decision to work in self-employment rather than as a wage earner. In the literature, this is seen as a puzzle. We offer a focus on the opportunity cost, i.e. the wages given up as an employee. Information on...
Persistent link: https://www.econbiz.de/10013117620