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Botero, Juan Carlos; Djankov, Simeon; La Porta, Rafael; … - 2021

unemployment, especially of the young. These results are difficult to reconcile with efficiency and political power theories of …

Persistent link: https://www.econbiz.de/10013244876

Management Ownership and Corporate Performance : an Empirical Analysis

Morck, Randall; Shleifer, Andrei; Vishny, Robert W. - 2021

We investigate the relation between management ownership and corporate performance, as measured by Tobin's Q. In a cross-section of Fortune 500 firms, Tobin's Q first increases and then declines as board of directors holdings rise. For older firms there is weak evidence that Q is lower when a...

Persistent link: https://www.econbiz.de/10013247279

Letter Grading Government Efficiency

Chong, Alberto - 2015

, on average. The results provide new objective indicators of government efficiency across countries, based on a simple and …

Persistent link: https://www.econbiz.de/10013036654

Efficient Regulation

Shleifer, Andrei - 2010

heavily regulated. It also makes predictions, both across activities and across jurisdictions, for the efficiency of …

Persistent link: https://www.econbiz.de/10013148865

Young and Out in Germany : On the Youths' Chances of Labor Market Entrance in Germany

Franz, Wolfgang; Inkmann, Joachim; Pohlmeier, Winfried; … - 2021

This paper deals with the labor market entrance of young people in the Federal Republic" of Germany. The main focus is … on failures during this stage. First, an overview of the youth" labor market in Germany is given. Then, the transition …

Persistent link: https://www.econbiz.de/10013222219

German and American Wage and Price Dynamics : Differences and Common Thenes

Franz, Wolfgang; Gordon, Robert J. - 2021

The evolution of unemployment in West Germany and the U. S. stands in sharp contrast, with German unemployment much … big difference berween the two countries is that there is no feedback from wages to prices in Germany, and so high … unemployment does not put downward pressure on the inflation rate. During the 19705 and 19805 in Germany there emerged a growing …

Persistent link: https://www.econbiz.de/10013237265

The Duration of Youth Unemployment in West Germany : Some Theoretical Considerations

Franz, Wolfgang - 2021

This paper presents a theoretical model dealing with the duration of youth unemployment in West Germany. Duration can …

Persistent link: https://www.econbiz.de/10013249173

The Reservation Wage of Unemployed Persons in the Federal Republic of Germany : Theory and Empirical Tests

Franz, Wolfgang - 2021

This study examines the determinants of the reservation wage of unemployed persons in the Federal Republic of Germany …

Persistent link: https://www.econbiz.de/10013249255

A Model of Shadow Banking

Gennaioli, Nicola - 2011

We present a model of shadow banking in which financial intermediaries originate and trade loans, assemble these loans into diversified portfolios, and then finance these portfolios externally with riskless debt. In this model: i) outside investor wealth drives the demand for riskless debt and...

Persistent link: https://www.econbiz.de/10013123980

Money Doctors

Gennaioli, Nicola - 2012

We present a new model of money management, in which investors delegate portfolio management to professionals based not only on performance, but also on trust. Trust in the manager reduces an investor's perception of the riskiness of a given investment, and allows managers to charge higher fees...

Persistent link: https://www.econbiz.de/10013104732