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Interest Rate Hysteresis in Macroeconomic Investment under Uncertainty

Belke, Ansgar H.; Göcke, Matthias - 2019

The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …

Persistent link: https://www.econbiz.de/10012141203

Do Cash Windfalls Affect Wages? Evidence from R&D Grants to Small Firms

Howell, Sabrina T.; Brown, J. David - 2020

This paper examines how employee earnings at small firms respond to a cash flow shock in the form of a government R&D grant. We use ranking data on applicant firms, which we link to IRS W2 earnings and other U.S. Census Bureau datasets. In a regression discontinuity design, we find that the...

Persistent link: https://www.econbiz.de/10012180135

Measurement of environmentally sensitive productivity growth in Korean industries

Chung, Yeimin; Heshmati, Almas - 2013

This study measures productivity growth using the Metafrontier Malmquist-Luenberger productivity growth index (MML index) method and decomposes the index. The results are compared with those obtained from the conventional Malmquist-Luenberger (ML) productivity growth index. MML has two...

Persistent link: https://www.econbiz.de/10010293182

Assessing the Impact of the Maternity Capital Policy in Russia Using a Dynamic Model of Fertility and Employment

Slonimczyk, Fabian; Yurko, Anna - 2013

With declining population and fertility rates below replacement levels, Russia is currently facing a demographic crisis. Starting in 2007, the federal government has pursued an ambitious pro-natalist policy. Women who give birth to at least two children are entitled to maternity capital...

Persistent link: https://www.econbiz.de/10010328893

Start-Up Capital and Women's Entrepreneurship: Evidence from Swaziland

Brixiova, Zuzana; Kangoye, Thierry - 2016

This paper examines gender differences in entrepreneurial performance and their links with start-up capital utilizing a search model and empirical analysis of survey of entrepreneurs from Swaziland. The results show that entrepreneurs of both genders with higher start-up capital record better...

Persistent link: https://www.econbiz.de/10011559707

Have Econometric Analyses of Happiness Data Been Futile? A Simple Truth about Happiness Scales

Chen, Le-Yu; Oparina, Ekaterina; Powdthavee, Nattavudh; … - 2019

Econometric analyses in the happiness literature typically use subjective well-being (SWB) data to compare the mean of observed or latent happiness across samples. Recent critiques show that com-paring the mean of ordinal data is only valid under strong assumptions that are usually rejected by...

Persistent link: https://www.econbiz.de/10012005853

A Life-Cycle Model of Outmigration and Economic Assimilation of Immigrants in Germany

Bellemare, Charles - 2004

This paper estimates a structural dynamic life-cycle model of outmigration where, in each period, immigrants choose whether to work in the host country, not to work but remain in the host country, or outmigrate. The model incorporates several features of existing life-cycle theories of...

Persistent link: https://www.econbiz.de/10010261780

Assessing the Performance of Matching Algorithms When Selection into Treatment Is Strong

Augurzky, Boris; Kluve, Jochen - 2004

This paper investigates the method of matching regarding two crucial implementation choices, the distance measure and the type of algorithm. We implement optimal full matching - a fully efficient algorithm - and present a framework for statistical inference. The implementation uses data from the...

Persistent link: https://www.econbiz.de/10010262048

An Adverse Selection Model of Optimal Unemployment Insurance

Hagedorn, Marcus; Kaul, Ashok; Mennel, Tim - 2003

We derive the shape of optimal unemployment insurance (UI) contracts when agents can exert search effort but face different search costs and have private information about their type. We derive a recursive solution of our dynamic adverse selection problem with repeated moral hazard. Conditions...

Persistent link: https://www.econbiz.de/10010262113

Why develop open source software? The role of non-pecuniary benefits, monetary rewards and open source licence type

Sauer, Robert M. - 2007

A review of the basic theory of optimal open-source software contributions points to three key factors affecting supply: non-pecuniary benefits, future expected monetary returns, and open-source licence type. This paper argues that existing large-scale software developer surveys are inadequate...

Persistent link: https://www.econbiz.de/10010268441

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