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Commission to examine labor market outcomes of employees at firms undergoing mergers. Earnings and employment can be observed …
Persistent link: https://www.econbiz.de/10009450841
This thesis is comprised of three chapters. The first investigates the implications of industrial clustering for labor … exploit establishment-level variation in agglomeration to explore the impact of clustering in the software publishing industry … on labor market outcomes. The results show that clustering makes it easier for workers to job hop among establishments …
Persistent link: https://www.econbiz.de/10009450588
Individuals compete against each other in a variety of different settings. In labor markets they compete for promotion … ambiguity aversion has value as individuals in labor markets have ambiguous signals about their probabilities of success in … competition. Consequently this measure may be used in future experiment designs to control for heterogeneous preferences for …
Persistent link: https://www.econbiz.de/10009447391
In this paper, I investigate the logic behind cross sectional dispersion of firm's capital structure. I incorporate the trade off between tax benefits and financial distress costs into a dynamic general equilibrium model with heterogeneous firms and their endogenous entry/exit, and compute an...
Persistent link: https://www.econbiz.de/10009438735
zero capital taxation by discussing how taxeson capital income, labor income, and property affect the economy in the … subsidy to capitalincome and a tax on labor income. Finally, I find that when taxes on capital income,labor income, and … expenditures increase. Inaddition, when one tax is allowed to change, a changing labor-income tax may bringmore utility over the …
Persistent link: https://www.econbiz.de/10009465215
In this dissertation, we analyze some patterns of aggregate job reallocation that are significantly determined by the coexistence of heterogeneous businesses in any industry. First, we argue that the interaction of non-strictly convex adjustment costs and learning about true efficiency can...
Persistent link: https://www.econbiz.de/10009450724
The Hopenhayn and Rogerson (1993) framework is extended to understand how different forms of taxing capital income affect fi rms’ investment and fi nancial policies over their life cycle. Corporate income taxation slows down fi rm growth over the life cycle by reducing after-tax profi ts...
Persistent link: https://www.econbiz.de/10012523678
Summary of Banco de España Working Paper no. 1939
Persistent link: https://www.econbiz.de/10012524759
En este artículo usamos la evidencia empírica más reciente disponible para predecir el impacto del shock del Covid-19 en la tasa de entrada de empresas, en especial en la entrada de empresas de alto crecimiento, y en sus implicaciones en la creación de empleo a corto y a largo plazo. El...
Persistent link: https://www.econbiz.de/10012525351
En este trabajo se analiza el impacto que la entrada endógena de empresas y la heterogeneidad en la productividad empresarial tienen sobre la respuesta de la inflación ante perturbaciones exógenas. Partiendo de un modelo DSGE estándar, se endogeniza el número de empresas y se permite que...
Persistent link: https://www.econbiz.de/10012530454