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Should I stay or should I go? A note on employment protection, domestic anchorage, and FDI
Dewit, Gerda; Görg, Holger; Montagna, Catia - 2003
This paper examines how employment protection legislation affects location decisions of multinationals. Based on a simple theoretical framework, we estimate an empirical model, using OECD-data on bilateral FDI-flows and employment protection indices. We find that, while an ?unfavourable?...
Persistent link: https://www.econbiz.de/10010265399
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Pandemic-Era Uncertainty
Meyer, Brent; Mihaylov, Emil; Barrero, Jose Maria; … - 2022
We examine several measures of uncertainty to make five points. First, equity market traders and executives at … nonfinancial firms have shared similar assessments about one-year-ahead uncertainty since the pandemic struck. Both the one …-year VIX and our survey-based measure of firm-level uncertainty at a one-year forecast horizon doubled at the onset of the …
Persistent link: https://www.econbiz.de/10013351768
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A New Framework for the Analysis of Inequality
Cunha, Flavio; Heckman, James - Institute for the Study of Labor (IZA) - 2007
earnings variability are due to uncertainty and which components are due to components of human diversity that are forecastable …
Persistent link: https://www.econbiz.de/10005822493
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Should I Stay or Should I Go? A Note on Employment Protection, Domestic Anchorage, and FDI
Dewit, Gerda; Görg, Holger; Montagna, Catia - Institute for the Study of Labor (IZA) - 2003
This paper examines how employment protection legislation affects location decisions of multinationals. Based on a simple theoretical framework, we estimate an empirical model, using OECD-data on bilateral FDI-flows and employment protection indices. We find that, while an "unfavourable"...
Persistent link: https://www.econbiz.de/10005761849
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Precautionary Savings by Natives and Immigrants in Germany
Piracha, Matloob; Zhu, Yu - Institute for the Study of Labor (IZA) - 2007
This paper analyses the savings behaviour of natives and immigrants in Germany. It is argued that uncertainty about …
Persistent link: https://www.econbiz.de/10005762210
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Search and offshoring in the presence of animal spirits
Mitra, Devashish; Ranjan, Priya - 2009
In this paper, we introduce two sources of unemployment in a two-factor general equilibrium model: search frictions and fairness considerations. We find that a binding fair-wage constraint increases the unskilled unemployment rate and can at the same time lead to a higher unemployment rate for...
Persistent link: https://www.econbiz.de/10010269135
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Search and Offshoring in the Presence of "Animal Spirits"
Mitra, Devashish; Ranjan, Priya - Institute for the Study of Labor (IZA) - 2009
In this paper, we introduce two sources of unemployment in a two-factor general equilibrium model: search frictions and fairness considerations. We find that a binding fair-wage constraint increases the unskilled unemployment rate and can at the same time lead to a higher unemployment rate for...
Persistent link: https://www.econbiz.de/10005070429
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Risk Aversion and Son Preference: Experimental Evidence from Chinese Twin Parents
Chew, Soo Hong; Yi, Junjian; Zhang, Junsen; Zhong, Songfa - 2017
We study the role of risk aversion underlying son preference in patriarchal societies, where sons serve as better insurance for old-age support than daughters. The implications of an insurance motive on son preference are two-fold. First, prior to the birth of their children, more risk-averse...
Persistent link: https://www.econbiz.de/10011653247
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Digital and Competing Information Sources: Impact on Environmental Concern and Prospects for Cooperation
Udalov, Vladimir; Welfens, Paul J. J. - 2017
The environmental concern of people in industrialized and developing countries is analysed. Using the 2010-2014 wave of the World Value Survey (WVS), the main purpose of our analysis is to investigate the effect of different information sources on the affective, conative and behavioural...
Persistent link: https://www.econbiz.de/10011653412
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High Compensation Creates a Ratchet Effect
Glazer, Amihai; Gersbach, Hans - 2004
We consider a firm which pays a worker for his effort over several periods. The more the firm pays in one period, the wealthier the worker is in the following periods, and so the more he must be paid for a given effort. This wealth effect can induce an employer to pay little initially and more...
Persistent link: https://www.econbiz.de/10010261892