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Why Do Life Insurance Policyholders Lapse? The Roles of Income, Health and Bequest Motive Shocks

Fang, Hanming; Kung, Edward - National Bureau of Economic Research (NBER) - 2012

life insurance decisions to assess the importance of various factors in explaining life insurance lapsations. In order to … model using the life insurance holding information from the Health and Retirement Study (HRS) data. Counterfactual … simulations using the estimates of our model suggest that a large fraction of life insurance lapsations are driven by i.i.d choice …

Persistent link: https://www.econbiz.de/10009654185

How Does Life Settlement Affect the Primary Life Insurance Market?

Fang, Hanming; Kung, Edward - National Bureau of Economic Research (NBER) - 2010

for life insurance, as well as the effect on consumer welfare, using a dynamic model of life insurance with one sided … dynamic reclassification risk insurance in the equilibrium of the primary insurance market, and that the settlement market …

Persistent link: https://www.econbiz.de/10008631693

Finance, Firm Size, and Growth

Demirguc-Kunt, Asli; Laeven, Luc; Levine, Ross; Beck, … - National Bureau of Economic Research (NBER) - 2004

This paper examines whether financial development boosts the growth of small firms more than large firms and hence provides information on the mechanisms through which financial development fosters aggregate economic growth. We define an industry's technological firm size as the firm size...

Persistent link: https://www.econbiz.de/10005084876

Globalization and Endogenous Firm Scope

Nocke, Volker; Yeaple, Stephen Ross - National Bureau of Economic Research (NBER) - 2006

We develop a theory of multiproduct firms to analyze the effects of globalization on the distributions of firm size, scope, and productivity. Our model explains two puzzles. First, it explains the well-known size-discount puzzle: large firms have lower values of Tobin%u2019s Q than small firms....

Persistent link: https://www.econbiz.de/10005828874

An Anatomy of International Trade: Evidence from French Firms

Eaton, Jonathan; Kortum, Samuel; Kramarz, Francis - National Bureau of Economic Research (NBER) - 2008

We examine the sales of French manufacturing firms in 113 destinations, including France itself. Several regularities stand out: (1) the number of French firms selling to a market, relative to French market share, increases systematically with market size; (2) sales distributions are very similar...

Persistent link: https://www.econbiz.de/10005830348

SMEs, Growth, and Poverty

Demirguc-Kunt, Asli; Levine, Ross; Beck, Thorsten - National Bureau of Economic Research (NBER) - 2005

This paper explores the relationship between the relative size of the Small and Medium Enterprise (SME) sector, economic growth, and poverty alleviation using a new database on the share of SME labor in the total manufacturing labor force. Using a sample of 45 countries, we find a strong,...

Persistent link: https://www.econbiz.de/10005830798

International Differences in Lean Production, Productivity and Employee Attitudes

Helper, Susan; Kleiner, Morris M. - National Bureau of Economic Research (NBER) - 2007

The study examines US-European productivity and worker attitude differences, focusing on changes in incentive structures. We analyze productivity and worker attitudes in five plants in the UK and US belonging to the same multinational producer of automotive sensors and actuators. We examine the...

Persistent link: https://www.econbiz.de/10005774713

An Empirical Model of Growth Through Product Innovation

Lentz, Rasmus; Mortensen, Dale T. - National Bureau of Economic Research (NBER) - 2005

Productivity dispersion across firms is large and persistent, and worker reallocation among firms is an important source of productivity growth. The purpose of the paper is to estimate the structure of an equilibrium model of growth through innovation that explains these facts. The model is a...

Persistent link: https://www.econbiz.de/10005061559

Firm Size Distortions and the Productivity Distribution: Evidence from France

van Reenen, John; Garicano, Luis; LeLarge, Claire - National Bureau of Economic Research (NBER) - 2013

We show how size-contingent laws can be used to identify the equilibrium and welfare effects of labor regulation. Our framework incorporates such regulations into the Lucas (1978) model and applies this to France where many labor laws start to bind on firms with exactly 50 or more employees....

Persistent link: https://www.econbiz.de/10010618284

Cross-Country Differences in Productivity: The Role of Allocation and Selection

Bartelsman, Eric J.; Haltiwanger, John; Scarpetta, Stefano - National Bureau of Economic Research (NBER) - 2009

This paper combines different strands of the productivity literature to investigate the effect of idiosyncratic (firm-level) policy distortions on aggregate outcomes. On the one hand, a growing body of empirical research has been relating cross-country differences in key economic outcomes, such...

Persistent link: https://www.econbiz.de/10008622345

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