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Unions and Firms' Investments : A Unified View
Berton, Fabio - 2019
In this paper, we present a simple model in which a unionized and non-unionized firm optimally make investment …
Persistent link: https://www.econbiz.de/10012864858
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Predictability of Asset Returns and the Efficient Market Hypothesis
Pesaran, M. Hashem - 2010
This paper is concerned with empirical and theoretical basis of the Efficient Market Hypothesis (EMH). The paper begins with an overview of the statistical properties of asset returns at different frequencies (daily, weekly and monthly), and considers the evidence on return predictability, risk...
Persistent link: https://www.econbiz.de/10013141228
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Frictions and the Joint Behavior of Hiring and Investment
Yashiv, Eran - 2012
The decisions of firms on investment and hiring play a crucial role in business cycle fluctuations. This paper explores … investment costs. It is significant and negatively signed, implying complementarity between investment and hiring. There is a … the investment part of the model is poor if hiring is left out completely or is introduced without the interaction between …
Persistent link: https://www.econbiz.de/10013104684
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Time Delay and Investment Decisions : Evidence from an Experiment in Tanzania
Nikolov, Plamen - 2019
study, I examine how introducing a time delay into the execution of an investment plan influences individuals' risk … outset, in the Decision Stage (Stage 1), each subject was asked to make an investment plan by splitting a monetary investment … amount between a risky asset and a safe asset. Subjects were informed that the investment plans they made in the Decision …
Persistent link: https://www.econbiz.de/10012862462
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Constrained Firms, Not Subsistence Activities : Evidence on Capital Returns and Accumulation in Peruvian Microenterprises
Göbel, Kristin - 2012
We investigate the returns to capital and capital accumulation using panel data of Peruvian micro enterprises (MEs). Marginal returns to capital are found to be very high at low levels of capital, but rapidly decreasing at higher levels. The dynamic analyses of capital accumulation in MEs...
Persistent link: https://www.econbiz.de/10013099706
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When the Market Drives You Crazy : Stock Market Returns and Fatal Car Accidents
Giulietti, Corrado - 2018
The stock market influences some of the most fundamental economic decisions of investors, such as consumption, saving, and labor supply, through the financial wealth channel. This paper provides evidence that daily fluctuations in the stock market have important - and hitherto neglected -...
Persistent link: https://www.econbiz.de/10012912252
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Migration, International Trade and Capital Formation : Cause or Effect?
Felbermayr, Gabriel J. - 2012
the effects of migration on the accumulation of both knowledge and human capital, by invoking endogenous growth theory …
Persistent link: https://www.econbiz.de/10013098128
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Migration, Capital Formation, and House Prices
Grossmann, Volker - 2013
We investigate the effects of interregional labor market integration in a two-sector, overlapping-generations model with land-intensive production in the non-tradable goods sector (housing). To capture the response to migration on housing supply, capital formation is endogenous, assuming that...
Persistent link: https://www.econbiz.de/10013086219
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A Decline in Labor's Share with Capital Accumulation and Complementary Factor Inputs : An Application of the Morishima Elasticity of Substitution
Paul, Saumik - 2019
The role of capital accumulation as a driver of the labor income share requires capital and labor to be substitutes, which appears paradoxical in a world predominantly characterized by complementarity between capital and labor. This paper argues that the composition of skills in the labor force...
Persistent link: https://www.econbiz.de/10012870261
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Untimely Destruction : Pestilence, War and Accumulation in the Long Run
Bell, Clive - 2019
This paper analyses the effects of disease and war on the accumulation of human and physical capital. We employ an overlapping-generations frame-work in which young adults, confronted with such hazards and motivated by old-age provision and altruism, make decisions about investments in schooling...
Persistent link: https://www.econbiz.de/10012861271