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Employment as a Drug Abuse Treatment Intervention : A Behavioral Economic Analysis
Silverman, Kenneth - 1998
Epidemiological data and experimental research in the fields of operant conditioning and behavioral economics suggest that employment may be useful in the treatment of drug abuse. The conditions under which employment should decrease drug use depends on a range of environmental contextual...
Persistent link: https://www.econbiz.de/10012472406
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Political Economy of Ramsey Taxation
Acemoglu, Daron - 2009
We study the dynamic taxation of capital and labor in the Ramsey model under the assumption that taxes and public good …
Persistent link: https://www.econbiz.de/10012463348
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Matching Capital and Labor
Berk, Jonathan B. - 2014
We establish an important role for the firm by studying capital reallocation decisions of mutual fund firms. At least 30% of the value mutual fund managers add can be attributed to the firm's role in efficiently allocating capital amongst its mutual fund managers. We find no evidence of a...
Persistent link: https://www.econbiz.de/10012458526
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Capital and Labor Reallocation Inside Firms
Giroud, Xavier - 2012
We document how a plant-specific shock to investment opportunities at one plant of a firm ("treated plant") spills over to other plants of the same firm--but only if the firm is financially constrained. While the shock triggers an increase in investment and employment at the treated plant, this...
Persistent link: https://www.econbiz.de/10012460069
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Fiscal Policy in Debt Constrained Economies
Aguiar, Mark A. - 2011
. We characterize a class of environments in which the tax on labor goes to zero in the long run, while the tax on capital … income may be non-zero, reversing the standard prediction of the Ramsey tax literature. The zero labor tax is an optimal long … sovereign debt constraints. The front loading of labor taxes allows the economy to build a large (aggregate) debt position in …
Persistent link: https://www.econbiz.de/10012461202
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The Equity Premium and Structural Breaks
Pastor, Lubos - 2000
A long return history is useful in estimating the current equity premium even if the historical distribution has experienced structural breaks. The long series helps not only if the timing of breaks is uncertain but also if one believes that large shifts in the premium are unlikely or that the...
Persistent link: https://www.econbiz.de/10012470972
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Statistical Discrimination in a Competitive Labor Market
Berk, Jonathan B. - 1999
This paper studies the effect of employee job selection in a model of statistical discrimination in a competitive labor …
Persistent link: https://www.econbiz.de/10012471940
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Putting Things in Order : Patterns of Trade Dynamics and Growth
Feenstra, Robert C. - 1997
We develop a procedure to rank-order countries and commodities using dis-aggregated American imports data. We find strong evidence that both countries and commodities can be ranked, consistent with the product cycle' hypothesis. Countries habitually begin to export goods to the United States...
Persistent link: https://www.econbiz.de/10012472846
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Unit Roots in Macroeconomic Time Series : Some Critical Issues
McCallum, Bennett T. - 1993
This paper suggests that the relevant question concerning unit root' in the U.S. real GNP time series pertains to the relative importance of difference-stationary and trend-stationary components. Various analytical approaches indicate than an accurate answer is not obtainable with existing data....
Persistent link: https://www.econbiz.de/10012474588
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Stock Market Forecastability and Volatility : A Statistical Appraisal
Mankiw, N. Gregory - 1989
This paper presents and implements statistical tests of stock market forecastability and volatility that are immune from the severe statistical problems of earlier tests. Although the null hypothesis of strict market efficiency is rejected, the evidence against the hypothesis is not...
Persistent link: https://www.econbiz.de/10012475889