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Pendleton, Andrew; Bryson, Alex; Gospel, Howard - 2015

Drawing on principal-agent perspectives on corporate governance, this paper examines whether employees' hourly pay is linked to ownership dispersion. Using linked workplace-worker data from the British Workplace Employment Relations Survey (WERS) 2011, we find average hourly pay is higher in...

Persistent link: https://www.econbiz.de/10011307427

The Likelihood of Divorce and the Riskiness of Financial Decisions

Stark, Oded; Szczygielski, Krzysztof - 2019

We link causally the riskiness of men's management of their finances with the probability of their experiencing a divorce. Our point of departure is that when comparing single men to married men, the former manage their finances in a more aggressive (that is, riskier) manner. Assuming that...

Persistent link: https://www.econbiz.de/10012141155

Pure Rank Preferences and Variation in Risk-Taking Behavior

Stark, Oded; Budzinski, Wiktor; Jakubek, Marcin - 2019

Assuming that an individual's rank in the wealth distribution is the only factor determining the individual's wellbeing, we analyze the individual's risk preferences in relation to gaining or losing rank, rather than the individual’s risk preferences towards gaining or losing absolute wealth....

Persistent link: https://www.econbiz.de/10012141273

Testing for the Option Value of Migration

Locher, Lilo - 2001

Using uncertainty about the future returns to migration, the option value theory of migration can explain low migration rates in spite of huge wage differences. This paper presents the theory in a simple two-period framework and uses ethnic Germans in the CIS to find empirical support for it....

Persistent link: https://www.econbiz.de/10010262606

Growth, volatility and political instability: non-linear time-series evidence for Argentina, 1896 - 2000

Campos, Nauro F.; Karanasos, Menelaos G. - 2007

What is the relationship between economic growth and its volatility? Does political instability affect growth directly … or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual … legislative changes) has an indirect (through volatility) negative impact. We also find preliminary support for the idea that …

Persistent link: https://www.econbiz.de/10010268236

Flexibility at the margin and labor market volatility in OECD countries

Sala, Héctor; Silva, José Ignacio; Toledo, Manuel E. - 2008

achieve similar volatility than fully deregulated labor markets. Flexibility at the margin produces a gap in separation costs … de labor market volatility. This increased volatility is partially reverted when limitations in the duration and number … explain the similar volatility observed in many regulated OECD labor markets with flexibility at the margin vis-à-vis the …

Persistent link: https://www.econbiz.de/10010276682

The economic security index: A new measure for research and policy analysis

Hacker, Jacob S.; Huber, Gregory Alain; Nichols, Austin; … - 2012

combining data from multiple surveys, we create an integrated measure of volatility in available household resources, accounting …

Persistent link: https://www.econbiz.de/10010289981

Microentrepreneurs' Gender Difference in Labor Demand

Oladipo, Oluwasheyi S.; Shim, Hyoung Suk - 2022

This paper empirically examines firm owners' gender difference in labor demand. We estimate the average treatment effect (ATE) of female ownership on employment of the firm using the 2007 Survey of Business Owners (SBO) Public Use Micro Sample (PUMS), provided by the U.S. Census Bureau. Because...

Persistent link: https://www.econbiz.de/10013470453

Firm Ownership Control and Management Practices, with an Update on Sub-Saharan Africa

Dabalen, Andrew; Paul, Saumik - 2024

This paper examines if ownership control - the share of largest owner in the firm - explains the difference in the adoption of management best practices between Sub-Saharan Africa (SSA) and rest-of-the-world (ROW). Using a sample of 156,833 firms from 130 countries, of which 25,005 are in SSA,...

Persistent link: https://www.econbiz.de/10015175194

Interpreting prediction market prices as probabilities

Wolfers, Justin; Zitzewitz, Eric - 2006

While most empirical analysis of prediction markets treats prices of binary options as predictions of the probability of future events, Manski (2004) has recently argued that there is little existing theory supporting this practice. We provide relevant analytic foundations, describing sufficient...

Persistent link: https://www.econbiz.de/10010267377