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Although institutions are believed to be key determinants of economic performance, there is limited evidence on how they can be successfully reformed. Evaluating the effects of specific reforms is complicated by the lack of exogenous variation in the presence of institutions; the difficulty of...
Persistent link: https://www.econbiz.de/10013125582
In this paper, we exploit a cohort discontinuity in the stringency of the 1993 Dutch disability reforms to obtain causal estimates of the effects of decreased generosity of disability insurance (DI) on behavior of existing DI recipients. We find evidence of substantial "social support...
Persistent link: https://www.econbiz.de/10013103047
This paper analyzes reforms and adjustments in the context of the Euro and the global financial crises. Taking the perspective of the evolutionary approach to institutions, the formation of a new currency area is not unidirectional. The process leading to the euro is an example of a common...
Persistent link: https://www.econbiz.de/10013104995
positively to the product market reform in industries of countries where patent rights are strong, not where these are weak. The … positive response to the reform is more pronounced in industries in which innovators rely more on patenting than in other …
Persistent link: https://www.econbiz.de/10013064451
and (2) the innovativeness of the research supported by the institutes. We identify potential avenues for reform as well …
Persistent link: https://www.econbiz.de/10013066024
This paper explores the role of model uncertainty in explaining the different findings in the literature regarding the effect of shall-issue right-to-carry concealed weapons laws on crime. In particular, we systematically examine how different modeling assumptions affect the results. We find...
Persistent link: https://www.econbiz.de/10013015104
within the household. The question is analyzed in the context of a housing reform that occurred in China that gave existing …
Persistent link: https://www.econbiz.de/10013076182
This paper uses the theories of price discrimination and optimal taxation to investigate effects of underwater mortgages on foreclosures and the incentives to earn income, and the degree to which those effects are shaped by public policy. I find that the federal government's means-tested...
Persistent link: https://www.econbiz.de/10013156860
differences, summarize their consequences, and assess potential strategies of corporate governance reform. We argue that the legal … approach is a more fruitful way to understand corporate governance and its reform than the conventional distinction between …
Persistent link: https://www.econbiz.de/10012774806
any of the states. Understanding the effects of the reform is thus of value in informing other potential reform … initiatives. In addition, the reform and associated changes in the economic environment provide an opportunity to assess whether a … simple general equilibrium model can be of value in framing the study of such reform initiatives. In this paper, we present …
Persistent link: https://www.econbiz.de/10012775741