Showing 1 - 10 of 2,004
This paper provides an overview of the complex conceptual and practical challenges that emerging market economies face as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest for financial stability with the imperatives of financial...
Persistent link: https://www.econbiz.de/10013136951
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 level from a theoretical point of view. Our main...
Persistent link: https://www.econbiz.de/10013128748
A large literature has studied how peers affect behavior by exploiting the preexisting social network structure only. What if networks rewire in response to changes in the economic environment, such as a randomized intervention? We exploit a unique panel dataset that contains detailed...
Persistent link: https://www.econbiz.de/10013043671
Implementing performance pay requires that workers' output be measured. When measurement costs differ among firms …, those with a measurement cost advantage choose to implement performance pay. They attract the best workers, and both the …
Persistent link: https://www.econbiz.de/10012767005
This paper presents a new framework for analyzing inequality that moves beyond the anonymity postulate. We estimate the determinants of sectoral choice and the joint distributions of outcomes across sectors. We determine which components of realized earnings variability are due to uncertainty...
Persistent link: https://www.econbiz.de/10012773658
We provide a critique of the standard methodology which bases welfare comparisons between households on deflating household income and consumption by an equivalence scale. We argue that this leads to support for tax/transfer policies that significantly disadvantage low to middle income...
Persistent link: https://www.econbiz.de/10012831974
We examine economic mobility in India while rigorously accounting for measurement error. Such an analysis is imperative …
Persistent link: https://www.econbiz.de/10012864868
takes stock of theoretical developments, measurement efforts and of the econometric evidence. We start with a simple …
Persistent link: https://www.econbiz.de/10012942092
Recent literature has suggested many ways of measuring equality of opportunity. We analyze in a systematic manner the various approaches put forth in the literature to show whether and to what extent different choices matter empirically. We use EU-SILC data for most European countries for 2005...
Persistent link: https://www.econbiz.de/10012942095
by the currently available measurement instruments. Scholars of culture must regularly choose between scalable but sparse … can advance the study of human culture by providing quantitative, scalable, and high-resolution measurement of … calculated from this measurement instrument correspond to traditional survey-based and objective measures of cross …
Persistent link: https://www.econbiz.de/10012822454