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Debt, Taxes, and Liquidity
Bolton, Patrick - 2014
We analyze a model of optimal capital structure and liquidity choice based on a dynamic tradeoff theory for financially constrained firms. In addition to the classical tradeoff between the expected tax advantages of debt and bankruptcy costs, we introduce a cost of external financing for the...
Persistent link: https://www.econbiz.de/10013056204
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Levered Returns
Welch, Ivo - 2016
Do financial markets properly reflect leverage? Unlike Gomes and Schmid (2010) who examine this question with a structural approach (using long-term monthly stock characteristics), my paper examines it with a quasi-experimental approach (using short-term a discrete event). After a firm has...
Persistent link: https://www.econbiz.de/10012994892
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A Head-to-Head Comparison of Augmented Wealth in Germany and the United States
Boenke, Timm - 2017
and pension wealth – for two countries: the United States and Germany. Pension wealth makes up a considerable portion of … household wealth: about 48% in the United States and 61% in Germany. The higher share in Germany narrows the wealth gap between … Germany, augmented wealth (US$651,000) is only 1.4 times higher. Further, the inclusion of pension wealth in household wealth …
Persistent link: https://www.econbiz.de/10012960706
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How Information Affects Support for Education Spending : Evidence from Survey Experiments in Germany and the United States
West, Martin R. - 2016
preferences by implementing parallel survey experiments in Germany and the United States. In both countries, support for increased …
Persistent link: https://www.econbiz.de/10012979764
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Unemployment in the Great Recession : A Comparison of Germany, Canada and the United States
Hoffmann, Florian - 2014
States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … did not change substantially in Germany, increased and remained at relatively high levels in the United States, and … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains …
Persistent link: https://www.econbiz.de/10013043619
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The Taxation of Income from Capital : A Comparative Study of the U.S., U.K., Sweden and West Germany--Comparisons of Effective Tax Rates--
King, Mervyn; Fullerton, Don - 2021
This working paper presents Chapter 7 of a book to be published for the National Bureau of Economic Research by the University of Chicago Press. The point of the book is to compare taxes on income from capital in four countries,accounting for corporate, personal, and property taxes, and...
Persistent link: https://www.econbiz.de/10013224427
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Labor and Investment Demand at the Firm Level : a Comparison of French, German and U.S. Manufacturing, 1970-79
Mairesse, Jacques; Dormont, Brigitte - 2021
We investigate how labor and investment demand at the firm level (gross as well as net and replacement investment separately) differs in French, German and U.S. manufacturing, and has changed since the 1974-75 crisis. We use three consistent panel data samples of large firms for1970-79, and rely...
Persistent link: https://www.econbiz.de/10013235901
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The Incentive for Working Hard : Explaining Hours Worked Differences in the U.S. And Germany
Bell, Linda A.; Freeman, Richard B. - 2022
This paper seeks to explain the greater hours worked by Americans compared to Germans in terms of forward-looking labor supply responses to differences in earnings inequality between the countries. We argue that workers choose current hours of work to gain promotions and advance in the...
Persistent link: https://www.econbiz.de/10014139637
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The Impact of Pollution Abatement Investment on Productivity Change : Anempirical Comparison of the U.S., Germany, and Canada
Conrad, Klaus; Morrison Paul, Catherine J. - 2021
and Germany, and thereby assess the impact of increased pollution abatement capital regulation on productivity growth. Our …
Persistent link: https://www.econbiz.de/10013231224
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Consumer Behavior and Immigrant Assimilation : a Comparison of the United States, Britain and Germany, 1889/1890
Haines, Michael R. - 2022
taken into account. Comparisons of Engel curves are also made to households in Great Britain and Germany. Results from …
Persistent link: https://www.econbiz.de/10013309366