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Capital Structure and a Firm’s Workforce
Matsa, David A. - 2018
While businesses require funding to start and grow, they also rely on human capital, which affects how they raise funds. Labor market frictions make financing labor different than financing capital. Unlike capital, labor cannot be owned and can act strategically. Workers face unemployment costs,...
Persistent link: https://www.econbiz.de/10012480777
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How Substitutable Are Workers? Evidence from Worker Deaths
Jäger, Simon; Heining, Jörg - National Bureau of Economic Research - 2022
administrative data from Germany, we analyze 34,000 unexpected worker deaths, which, on average, raise the remaining workers' wages …
Persistent link: https://www.econbiz.de/10013462678
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Capital markets-based funding in German banking : securitization and covered bonds
Jobst, Andreas A.; Kiff, John - In: Zeitschrift für das gesamte Kreditwesen : Pflichtblatt … 64 (2011) 19, pp. 1004-1007
Persistent link: https://www.econbiz.de/10009308354
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Future structures for European corporate and institutional banking
Walker, David - In: Zeitschrift für das gesamte Kreditwesen : Pflichtblatt … 55 (2002) 11, pp. 525-528
Persistent link: https://www.econbiz.de/10001669456
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The Changing Structure of Wages in the US and Germany : What Explains the Differences?
Beaudry, Paul - 2000
Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while … files from the PSID (US) and the GSOEP (Germany), we demonstrate how factor movements within these countries are associated … capital over the 1979-96 period, while Germany accumulated factors in a more balanced manner …
Persistent link: https://www.econbiz.de/10012471064
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Low Wage Services : Interpreting the US - German Difference
Freeman, Richard B. - 2000
-wage services in the US and Germany. We find a clear low-wage service jobs deficit' in Germany but this is not due to excessively …
Persistent link: https://www.econbiz.de/10012471159
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Skill Compression, Wage Differentials and Employment : Germany vs. the US
Freeman, Richard B. - 2000
Germany's more compressed wage structure is taken by many analysts as the main cause of the German-US difference in job … creation. We find that the US has a more dispersed level of skills than Germany but even adjusted for skills, Germany has a …
Persistent link: https://www.econbiz.de/10012471160
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Expectations Hypotheses Tests
Bekaert, Geert - 2000
We investigate the Expectations Hypotheses of the term structure of interest rates and of the foreign exchange market using vector autoregressive methods for the U.S. dollar, Deutsche mark, and British pound interest rates and exchange rates. In addition to standard Wald tests, we formulate...
Persistent link: https://www.econbiz.de/10012471161
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Why a Funded Pension System is Useful and Why It is Not Useful
Sinn, Hans-Werner - 2000
Based on explicit present value calculations, the paper criticizes the view that the PAYGO system wastes economic resources. In present value terms, there is nothing to be gained from a transition to funded system even though the latter offers a permanently higher rate of return. The sum of the...
Persistent link: https://www.econbiz.de/10012471177
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Germany's Economic Unification : An Assessment after Ten Years
Sinn, Hans-Werner - 2000
A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …
Persistent link: https://www.econbiz.de/10012471183