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Welch, Ivo - 2016

Do financial markets properly reflect leverage? Unlike Gomes and Schmid (2010) who examine this question with a structural approach (using long-term monthly stock characteristics), my paper examines it with a quasi-experimental approach (using short-term a discrete event). After a firm has...

Persistent link: https://www.econbiz.de/10012456525

Debt, Taxes, and Liquidity

Bolton, Patrick - 2014

We analyze a model of optimal capital structure and liquidity choice based on a dynamic tradeoff theory for financially constrained firms. In addition to the classical tradeoff between the expected tax advantages of debt and bankruptcy costs, we introduce a cost of external financing for the...

Persistent link: https://www.econbiz.de/10012458655

The Changing Structure of Wages in the US and Germany : What Explains the Differences?

Beaudry, Paul - 2000

Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while … files from the PSID (US) and the GSOEP (Germany), we demonstrate how factor movements within these countries are associated … capital over the 1979-96 period, while Germany accumulated factors in a more balanced manner …

Persistent link: https://www.econbiz.de/10012471064

An Economic Analysis of U.S Public Transit Carbon Emissions Dynamics

Huang, Robert; Kahn, Matthew E. - National Bureau of Economic Research - 2022

.S transit agencies with transit agencies in Germany and the United Kingdom. We study U.S urban public sector energy efficiency …

Persistent link: https://www.econbiz.de/10013190994

Educational Inequality*

Blanden, Jo; Doepke, Matthias; Stuhler, Jan - National Bureau of Economic Research - 2022

This chapter provides new evidence on educational inequality and reviews the literature on the causes and consequences of unequal education. We document large achievement gaps between children from different socio-economic backgrounds, show how patterns of educational inequality vary across...

Persistent link: https://www.econbiz.de/10013191073

The Impact of Pollution Abatement Investment on Productivity Change : AnEmpirical Comparison of the U.S., Germany, and Canada

Conrad, Klaus - 1985

and Germany, and thereby assess the impact of increased pollution abatement capital regulation on productivity growth. Our …

Persistent link: https://www.econbiz.de/10012477316

Labor and Investment Demand at the Firm Level : A Comparison of French, German and U.S. Manufacturing, 1970-79

Mairesse, Jacques - 1985

We investigate how labor and investment demand at the firm level (gross as well as net and replacement investment separately) differs in French, German and U.S. manufacturing, and has changed since the 1974-75 crisis. We use three consistent panel data samples of large firms for1970-79, and rely...

Persistent link: https://www.econbiz.de/10012477531

The Taxation of Income from Capital : A Comparative Study of the U.S., U.K., Sweden and West Germany--Comparisons of Effective Tax Rates--

King, Mervyn A. - 1983

This working paper presents Chapter 7 of a book to be published for the National Bureau of Economic Research by the University of Chicago Press. The point of the book is to compare taxes on income from capital in four countries,accounting for corporate, personal, and property taxes, and...

Persistent link: https://www.econbiz.de/10012478030

The Taxation of Income from Capital : A Comparative Study of the U.S., U.K., Sweden, and West Germany--The Theoretical Framework--

King, Mervyn A. - 1983

This working paper presents Chapter 2 of a book that has been submitted to the University of Chicago Press for publication consideration. The point of the book is to compare taxes on income from capital infour countries,accounting for corporate, personal, and property taxes, and including...

Persistent link: https://www.econbiz.de/10012478045

The Incentive for Working Hard : Explaining Hours Worked Differences in the U.S. and Germany

Bell, Linda A. - 2000

This paper seeks to explain the greater hours worked by Americans compared to Germans in terms of forward-looking labor supply responses to differences in earnings inequality between the countries. We argue that workers choose current hours of work to gain promotions and advance in the...

Persistent link: https://www.econbiz.de/10012470681

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