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An Economic Analysis of Transnational Bankruptcies
Bebchuk, Lucian Arye - 2000
This paper analyzes the effects of the legal rules governing transnational bankruptcies. We compare a regime of territoriality' -- in which assets are adjudicated by the jurisdiction in which they are located at the time of the bankruptcy -- with a regime of universality are adjudicated in a...
Persistent link: https://www.econbiz.de/10012471197
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COVID-19 and SME Failures
Gourinchas, Pierre-Olivier - 2020
We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...
Persistent link: https://www.econbiz.de/10012481180
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Can't Pay or Won't Pay? Unemployment, Negative Equity, and Strategic Default
Gerardi, Kristopher - 2015
This paper exploits matched data from the PSID on borrower mortgages with income and demographic data to quantify the relative importance of negative equity, versus lack of ability to pay, as affecting default between 2009 and 2013. These data allow us to construct household budgets sets that...
Persistent link: https://www.econbiz.de/10012457039
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Testing the ‘Residential Rootedness' - Hypothesis of Self-Employment for Germany and the UK
Reuschke, Darja - 2012
Germany and the UK whether the self-employed are less likely to move or migrate than employees. Using longitudinal data from … in employment status we found little evidence that the self-employed in Germany and the UK are more rooted in place than …
Persistent link: https://www.econbiz.de/10013113213
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So Far So Good : Age, Happiness, and Relative Income
Fitzroy, Felix R. - 2012
In a simple 2-period model of relative income under uncertainty, higher comparison income for the younger cohort can signal higher or lower expected lifetime relative income, and hence either increase or decrease well-being. With data from the German Socio-Economic Panel and the British...
Persistent link: https://www.econbiz.de/10013113216
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Neighborhood Effects and Individual Unemployment
Bauer, Thomas K. - 2011
Using a unique dataset for Germany that links individual longitudinal data from the SOEP to regional data from the …
Persistent link: https://www.econbiz.de/10013117978
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Does Unemployment Hurt Less if There is More of it Around? A Panel Analysis of Life Satisfaction in Germany and Switzerland
Oesch, Daniel - 2011
This paper examines the existence of a habituation effect to unemployment: Do the unemployed suffer less from job loss if unemployment is more widespread, if their own unemployment lasts longer and if unemployment is a recurrent experience? The underlying idea is that unemployment hysteresis may...
Persistent link: https://www.econbiz.de/10013121282
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Re-Engaging with Survey Non-Respondents : The BHPS, SOEP and HILDA Survey Experience
Wooden, Mark - 2011
Previous research into the correlates and determinants of non-response in longitudinal surveys has focused exclusively on why it is that respondents at one survey wave choose not to participate at future waves. This is very understandable if non-response is always an absorbing state, but in many...
Persistent link: https://www.econbiz.de/10013123502
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Long-Distance Moves and Labour Market Outcomes of Dual-Earner Couples in the UK and Germany
Lersch, Philipp M. - 2012
and account for the nonindependence of both careers. Second, I compare evidence from the United Kingdom (UK) and Germany …-earner couples are temporarily adversely affected in their careers by long-distance moves in the UK and West Germany after … controlling for various characteristics of both partners. Women in East Germany are not affected by long-distance moves. Moves do …
Persistent link: https://www.econbiz.de/10013101552
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Life Satisfaction, Household Income and Personality Theory
Proto, Eugenio - 2012
We show that personality traits mediate the effect of income on Life Satisfaction. The effect is strong in the case of Neuroticism, which measures the sensitivity to threat and punishment, in both the British Household Panel Survey and the German Socioeconomic Panel. Neuroticism increases the...
Persistent link: https://www.econbiz.de/10013101866