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Entrepreneurship and Urban Growth : An Empirical Assessment with Historical Mines
Glaeser, Edward L. - 2014
Measures of entrepreneurship, such as average establishment size and the prevalence of start-ups, correlate strongly with employment growth across and within metropolitan areas, but the endogeneity of these measures bedevils interpretation. Chinitz (1961) hypothesized that coal mines near...
Persistent link: https://www.econbiz.de/10013065603
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Cities, Skills, and Regional Change
Glaeser, Edward L. - 2011
One approach to urban areas emphasizes the existence of certain immutable relationships, such as Zipf's or Gibrat's Law. An alternative view is that urban change reflects individual responses to changing tastes or technologies. This paper examines almost 200 years of regional change in the U.S....
Persistent link: https://www.econbiz.de/10013127422
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Data Gaps and the Policy Response to the Novel Coronavirus
Stock, James H. - 2020
This note lays out the basic Susceptible-Infected-Recovered (SIR) epidemiological model of contagion, with a target audience of economists who want a framework for understanding the effects of social distancing and containment policies on the evolution of contagion and interactions with the...
Persistent link: https://www.econbiz.de/10012838354
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Empirics on the Origins of Preferences : The Case of College Major and Religiosity
Kimball, Miles S. - 2010
Early life experiences are likely to be important for the formation of preferences. Religiosity is a key dimension of preferences, affecting many economic outcomes. This paper examines the effect of college major on religiosity, and the converse effect of religiosity on college major, using...
Persistent link: https://www.econbiz.de/10013152092
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The Making of an Investment Banker : Macroeconomic Shocks, Career Choice, and Lifetime Income
Oyer, Paul - 2009
New graduates of elite MBA programs flock to Wall Street during bull markets and start their careers elsewhere when the stock market is weak. Given the transferability of MBA skills, it seems likely that any effect of stock returns on MBA placement would be short-lived. In this paper, I use a...
Persistent link: https://www.econbiz.de/10012767420
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Friends in High Places
Cohen, Lauren - 2010
We demonstrate that personal connections amongst politicians have a significant impact on the voting behavior of U.S. politicians. Networks based on alumni connections between politicians, as well as common seat locations on the chamber floor, are consistent predictors of voting behavior. For...
Persistent link: https://www.econbiz.de/10013137309
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What Does the Corporate Income Tax Tax? A Simple Model Without Capital
Kotlikoff, Laurence J. - 2010
incorporated firms to hire capital.This paper makes this point with a simple, capital-less model featuring entrepreneurs, with … entrepreneurs to diversify their assets. In discouraging incorporation, the corporate tax taxes business risk-sharing, keeping more … entrepreneurs private and, thus, exposed to more risk. The added risk experienced by these entrepreneurs limits their demands for …
Persistent link: https://www.econbiz.de/10013140993
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Under-Savers Anonymous : Evidence on Self-Help Groups and Peer Pressure as a Savings Commitment Device
Kast, Felipe - 2012
We test the effectiveness of self-help peer groups as a commitment device for precautionary savings, through two randomized field experiments among 2,687 microentrepreneurs in Chile. The first experiment finds that self-help peer groups are a powerful tool to increase savings (the number of...
Persistent link: https://www.econbiz.de/10013099420
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The Impact of Tax Incentives on the Economic Activity of Entrepreneurs
Harju, Jarkko - 2012
Based on existing evidence, we know little about how the taxation of small business owners affects their economic activity. This paper studies the effect of two Finnish tax reforms, in 1997 and 1998, on the effort decisions of the owners of small businesses utilizing both theoretical model and...
Persistent link: https://www.econbiz.de/10013099817
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R-Squared and the Economy
Morck, Randall - 2013
Many seemingly discordant results are reconciled if firm-specific return volatility is characterized as the intensity with which firm-specific events occur. A functionally efficient stock market allocates capital to its highest value uses, which often amounts to financing Schumpeterian creative...
Persistent link: https://www.econbiz.de/10013082425