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Behind the GATE Experiment: Evidence on Effects of and Rationales for Subsidized Entrepreneurship Training

Fairlie, Robert W.; Karlan, Dean; Zinman, Jonathan - National Bureau of Economic Research (NBER) - 2012

Various theories of market failures and targeting motivate the promotion of entrepreneurship training programs throughout the world. Using data from the largest randomized control trial ever conducted on entrepreneurship training, we examine the validity of such motivations and find that...

Persistent link: https://www.econbiz.de/10009652871

Elections and the Quality of Public Officials: Evidence from U.S. State Courts

Snyder, James M. Snyder, Jr.; Lim, Claire S.H. - National Bureau of Economic Research (NBER) - 2012

We investigate the influence of electoral rules and voter information in elections on voting outcomes and the quality … of public officials, using new data on state court judge elections in 39 states in the U.S. from 1990 to 2010. We find …, first, that voting is very partisan in partisan judicial elections - i.e., there is a strong correlation between the …

Persistent link: https://www.econbiz.de/10010951100

A Structural Model of Electoral Accountability

Aruoba, S. Boragan; Drazen, Allan; Vlaicu, Razvan - National Bureau of Economic Research (NBER) - 2015

This paper proposes a structural approach to measuring the effects of electoral accountability. We estimate a political agency model with imperfect information in order to identify and quantify discipline and selection effects, using data on U.S. governors for 1982-2012. We find that the...

Persistent link: https://www.econbiz.de/10011276431

Political Competition and Economic Performance: Theory and Evidence from the United States

Besley, Timothy; Persson, Torsten; Sturm, Daniel M. - National Bureau of Economic Research (NBER) - 2005

One of the most cherished propositions in economics is that market competition by and large raises consumer welfare. But whether political competition has similarly virtuous consequences is far less discussed. This paper formulates a model to explain why political competition may enhance...

Persistent link: https://www.econbiz.de/10005723032

Taxes and Fringe Benefits Offered by Employers

Gentry, William M.; Peress, Eric - National Bureau of Economic Research (NBER) - 1994

Using cross-sectional data for blue and white collar workers for U.S. cities, we examine how the tax treatment of fringe benefits affects whether employers offer benefits. Differences in state-level income taxes cause variation across places in the tax incentives for fringe benefits. We find...

Persistent link: https://www.econbiz.de/10005829368

Capital Taxation and Ownership when Markets are Incomplete

Farhi, Emmanuel - National Bureau of Economic Research (NBER) - 2007

This paper analyzes the theoretical and quantitative implications of optimal capital taxation in the neoclassical growth model with aggregate shocks and incomplete markets. The model features a representative-agent economy with proportional taxes on labor and capital. I first consider the case...

Persistent link: https://www.econbiz.de/10005829854

Capital Tax Reform and the Real Economy: The Effects of the 2003 Dividend Tax Cut

Yagan, Danny - National Bureau of Economic Research (NBER) - 2015

Policymakers frequently propose to use capital tax reform to stimulate investment and increase labor earnings. This paper tests for such real impacts of the 2003 dividend tax cut—one of the largest reforms ever to a U.S. capital tax rate—using a quasi-experimental design and a large sample...

Persistent link: https://www.econbiz.de/10011196771

What Does the Corporate Income Tax Tax? A Simple Model without Capital

Kotlikoff, Laurence; Miao, Jianjun - National Bureau of Economic Research (NBER) - 2010

The economics workings of the corporate income tax remain controversial. Harberger's seminal 1962 article viewed the tax as raising the cost of capital used to produce corporate goods. But corporate goods can be and generally are made by non-corporate firms, suggesting that the corporate tax...

Persistent link: https://www.econbiz.de/10008615783

Overconfidence and Early-life Experiences: The Impact of Managerial Traits on Corporate Financial Policies

Malmendier, Ulrike; Tate, Geoffrey; Yan, Jonathan - National Bureau of Economic Research (NBER) - 2010

We show that measurable managerial characteristics have significant explanatory power for corporate financing decisions beyond traditional capital-structure determinants. First, managers who believe that their firm is undervalued view external financing as overpriced, especially equity. Such...

Persistent link: https://www.econbiz.de/10008624578

Deals versus Rules: Policy Implementation Uncertainty and Why Firms Hate It

Hallward-Driemeier, Mary; Pritchett, Lant; Khun-Jush, Gita - National Bureau of Economic Research (NBER) - 2010

Firms in Africa report "regulatory and economic policy uncertainty" as a top constraint to their growth. We argue that often firms in Africa do not cope with policy rules, rather they face deals; firm-specific policy actions that can be influenced by firm actions (e.g. bribes) and...

Persistent link: https://www.econbiz.de/10008627129

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