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This paper uses a quasi-experimental framework provided by recent changes in Russian corporate law to study the effect of investor protection on the value of shares. The legal change analyzed involves the empowerment of preferred (non-voting) shareholders to veto unfavorable changes in their...
Persistent link: https://www.econbiz.de/10010269433
This paper uses a quasi-experimental framework provided by recent changes in Russian corporate law to study the effect of investor protection on the value of shares. The legal change analyzed involves the empowerment of preferred (non-voting) shareholders to veto unfavorable changes in their...
Persistent link: https://www.econbiz.de/10008497016
exists in India. This paper exploits the institutional features of federally mandated employment quota policy to examine its …
Persistent link: https://www.econbiz.de/10010271335
, upon 7-19 years olds' school enrollment and grade progression in rural North India. It hopes both to extend to less …
Persistent link: https://www.econbiz.de/10010274579
The caste system - a system of elaborately stratified social hierarchy - distinguishes India from most other societies … India, with Dalits or Scheduled Castes (SC) clustered in occupations that were the least well paid and most degrading in … terms of manual labour. Along with the Scheduled Tribes (STs), the SCs have the highest incidence of poverty in India, with …
Persistent link: https://www.econbiz.de/10010282193
This paper shows that participation in a community-level female empowerment program in India significantly increases …
Persistent link: https://www.econbiz.de/10010282383
Recent years have seen an increasing interest in using public-works programs as anti-poverty measures in developing countries. This paper analyzes the rural labor market impacts of the Indian National Rural Employment Guarantee Scheme, one of the most ambitious programs of its kind, by using a...
Persistent link: https://www.econbiz.de/10010289909
cycle model. In particular, we analyze the effect of a monetary policy shock and investigate how labor market frictions … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …
Persistent link: https://www.econbiz.de/10010267287
that the positive income shock is followed by a decrease in unemployment in all economic activity groups during the initial … periods except the unemployment in the Electricity sector and the Community Services sector. A positive money shock decreases … positive interbank interest rate shock increases the unemployment in all economic activities at the initial levels but derives …
Persistent link: https://www.econbiz.de/10010268812
Macroeconomists have long been concerned with the causal effects of monetary policy. When the identification of causal effects is based on a selection-on-observables assumption, non-causality amounts to the conditional independence of outcomes and policy changes. This paper develops a...
Persistent link: https://www.econbiz.de/10010270625