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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
From 1980 to 2004, the number of personal bankruptcy filings in the United States increased more than five-fold, from … reform that led to the adoption in 2005 of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), which made ….5% in 2004. The paper then examines how the adoption of BAPCPA changed bankruptcy law. Prior to 2005, bankruptcy law …
Persistent link: https://www.econbiz.de/10012776465
Persistent link: https://www.econbiz.de/10012904899
To prevent firms from manipulating prices, U.S. regulators set price ceilings for open-market share repurchases. We find that market structure reforms in the 1990s and 2000s dramatically increased share repurchases because they relaxed constraints that prevent firms from competing with other...
Persistent link: https://www.econbiz.de/10014090936
preservation ensures no comprehensive reform path may command broad support. The roots of underdevelopment may therefore lie in the …
Persistent link: https://www.econbiz.de/10014059291
This paper investigates the dynamic impacts of cotton marketing reforms on farm output in rural Zambia. Following liberalization and the elimination of the Zambian cotton marketing board, the sector developed an outgrower scheme whereby cotton firms provided credit, access to inputs and output...
Persistent link: https://www.econbiz.de/10014061236
Work was one of the central motivations for welfare reform during the 1990s. One important rationale for work was based … reduce dependency on aid. Despite the importance of the this notion, few studies have estimated the effect of welfare reform … meager returns to experience, undermining the link between welfare reform and wages.An important analytical obstacle is the …
Persistent link: https://www.econbiz.de/10014062268
We study the welfare effects of disability insurance (DI) and derive social-optimality conditions for the two main DI policy parameters: (i) DI eligibility rules and (ii) DI benefits. Causal evidence from two DI reforms in Austria generate fiscal multipliers (total over mechanical cost...
Persistent link: https://www.econbiz.de/10014094810
In this paper, we investigate the effect of federal welfare reform on the employment, hours of work and marriage rates … non-citizens, we investigate whether the behavioral response to welfare reform differed by recency of immigration. Finally … these states to investigate whether the immigrant provisions of federal welfare reform legislation had a 'chilling' effect …
Persistent link: https://www.econbiz.de/10014124352
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