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Kleven, Henrik Jacobsen; Landais, Camille; … - National Bureau of Economic Research - 2023

This paper builds a world atlas of child penalties in employment based on micro data from 134 countries. The estimation of child penalties is based on pseudo-event studies of first child birth using cross-sectional data. The pseudo-event studies are validated against true event studies using...

Persistent link: https://www.econbiz.de/10014337881

The Good Wife? : Reputation Dynamics and Financial Decision-Making Inside the Household

Buchmann, Nina; Dupas, Pascaline; Ziparo, Roberta - National Bureau of Economic Research - 2023

We study the dynamic relationship between women's intra-household reputation and investment decisions. We consider household investments delegated to the wife in settings where wives perceived to be savvy investors by their husbands are entrusted with a larger budget share. We show, first...

Persistent link: https://www.econbiz.de/10014247996

The Power of Persuasion : Causal Effects of Household Communication on Women's Employment

Kala, Namrata; McKelway, Madeline - National Bureau of Economic Research - 2025

In many economic settings, agents lack decision rights but provide input. Intra-household decision-making in contexts with restrictive gender norms is one important example; wives often lack final say over decisions but still give input. Their ability to communicate persuasively while providing...

Persistent link: https://www.econbiz.de/10015409778

Evolution of Risk Aversion over Five Years after a Major Natural Disaster

Ingwersen, Nicholas; Frankenberg, Elizabeth; Thomas, Duncan - National Bureau of Economic Research - 2023

The impact of exposure to a major unanticipated natural disaster on the evolution of survivors' attitudes toward risk … to take on risk relative to those not directly exposed to the tsunami. These differences are short-lived: starting a year … later, there is no evidence of differences in willingness to take on risk between the two groups. These conclusions hold for …

Persistent link: https://www.econbiz.de/10014250120

Exporter Dynamics, Firm Size and Growth, and Partial Year Effects

Bernard, Andrew B. - 2014

Two otherwise identical firms that enter the same market in different months, one in January and one in December, will report dramatically different annual sales for the first calendar year of operations. This partial year effect in annual data leads to downward biased observations of the level...

Persistent link: https://www.econbiz.de/10012458798

Optimal Investment, Growth Options, and Security Returns

Berk, Jonathan - 1998

dynamic model, we show that this imparts predictability to changes in a firm's systematic risk, and its expected return … horizons, (iv) momentum effects at longer horizons, and (v) the inverse relation between interest rates and the market risk …

Persistent link: https://www.econbiz.de/10012472184

The Analytics of Investment, q, and Cash Flow

Abel, Andrew B. - 2015

In this paper I analyze the relationships among investment, q, and cash flow in a tractable stochastic model in which marginal q and average q are identically equal. After analyzing the impact of changes in the distribution of the marginal operating profit of capital, I extend the model to...

Persistent link: https://www.econbiz.de/10012457120

Labor Market Frictions, Firm Growth, and International Trade

Fajgelbaum, Pablo D. - 2013

This paper develops a model to study the aggregate effects of labor market frictions in a small open economy where firms grow slowly and make fixed export investments. The model features interactions between dynamic investments in exporting and search frictions with job-to- job mobility. A...

Persistent link: https://www.econbiz.de/10012459170

Empirical Patterns of Firm Growth and R&D Investment : A QuUality LadderModel Interpretation

Klette, Tor Jakob - 1998

We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth. The model for firm growth is a partial equilibrium model drawing on the quality ladder models in the macro growth literature, but also on the literature on patent races and the...

Persistent link: https://www.econbiz.de/10012472060

Taxation and the Sources of Growth : Estimates from United States Multinational Corporations

Cummins, Jason G. - 1998

Capital income tax policy affects investment by the parent and affiliates of multinational corporations (MNCs). In a model in which technical advances are embodied in new capital, investment will translate directly into productivity gains. In this paper, I use this framework to guide the growth...

Persistent link: https://www.econbiz.de/10012472274