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Firm/Employee Matching : An Industry Study of American Lawyers
Oyer, Paul - 2012
We study the sources of match-specific value at large American law firms by analyzing how graduates of law schools group into law firms. We measure the degree to which lawyers from certain schools concentrate within firms and then analyze how this agglomeration can be explained by "natural...
Persistent link: https://www.econbiz.de/10013096483
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The Market for Lawyers : The Determinants of the Demand for and Supply Oflawyers
Pashigian (Deceased), B. Peter - 2021
Some additional evidence on the comparative effect of income, regulation, and other variables on the demand for lawyers is called for. One objective of this paper is to investigate the speed of adjustment of law schools to shifts in the demand for lawyers. Section I presents a theoretical model...
Persistent link: https://www.econbiz.de/10013224424
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Supply-Chain Trade : A Portrait of Global Patterns and Several Testable Hypotheses
Baldwin, Richard - 2013
since 1995. The paper draws on a variety of data sources but most heavily on the recent World Input-Output Database. China …
Persistent link: https://www.econbiz.de/10013083394
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The Contribution of Chinese Diaspora Researchers to Global Science and China's Catching Up in Scientific Research
Xie, Qingnan; Freeman, Richard B. - 2022
country – to China's catching up in global science to become a world leader in research publications and citations. Using a … networks that connect scientific discovery in China with the rest of the world. In co-authorship, diaspora researchers are over …This study examines the contribution of Chinese diaspora researchers – those born in China but working outside the …
Persistent link: https://www.econbiz.de/10014097447
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Globalization, Governance, and the Returns to Cross-Border Acquisitions
Ellis, Jesse A. - 2011
Using a sample of control cross-border acquisitions from 61 countries from 1990 to 2007, we find that acquirers from countries with better governance gain more from such acquisitions and their gains are higher when targets are from countries with worse governance. Other acquirer country...
Persistent link: https://www.econbiz.de/10013131665
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Global Asset Pricing
Lewis, Karen K. - 2011
Financial markets have become increasingly global in recent decades, yet the pricing of internationally traded assets continues to depend strongly upon local risk factors, leading to several observations that are difficult to explain with standard frameworks. Equity returns depend upon both...
Persistent link: https://www.econbiz.de/10013121990
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Globalization, Structural Change and Productivity Growth
McMillan, Margaret - 2011
Large gaps in labor productivity between the traditional and modern parts of the economy are a fundamental reality of developing societies. In this paper, we document these gaps, and emphasize that labor flows from low-productivity activities to high-productivity activities are a key driver of...
Persistent link: https://www.econbiz.de/10013123689
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Global Crises and Equity Market Contagion
Bekaert, Geert - 2011
Using the 2007-09 financial crisis as a laboratory, we analyze the transmission of crises to country-industry equity portfolios in 55 countries. We use a factor model to predict crisis returns, defining unexplained increases in factor loadings and residual correlations as indicative of...
Persistent link: https://www.econbiz.de/10013123703
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The Impact of Globalization on Pre-Industrial, Technologically Quiescent Economies
Williamson, Jeffrey G. - 2012
This paper uses a new pre-1940 Third World data base documenting real wages and relative factor prices to explore their … wages to land rents, on the other hand, declined up to World War I and so did the ratio of wages to GDP per capita. The …
Persistent link: https://www.econbiz.de/10013103885
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Declining Labor Shares and the Global Rise of Corporate Saving
Karabarbounis, Loukas - 2012
The stability of the labor share is a key foundation in macroeconomic models. We document, however, that the global labor share has significantly declined over the last 30 years. This decline was associated with a significant increase in corporate saving, generally the largest component of...
Persistent link: https://www.econbiz.de/10013105000