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We argue that economics - as the scientific method of analyzing trade-offs - can be helpful (and may even be indispensable) for assessing the trade-off between intergenerational and intragenerational justice. Economic analysis can delineate the opportunity set of politics with respect to the two...
Persistent link: https://www.econbiz.de/10010286575
Firms grant to their employees non-tradable stock options as an incentive device. Is the opportunity cost of issuing these options equal to the amount the company would receive if it sold the same options to outside investors? No, it is not, since the options granted to employees are non...
Persistent link: https://www.econbiz.de/10011608858
This study estimates the size and value of unpaid family caretaking activities at a European level. While at a country level several studies are available, a comprehensive evaluation for Europe as a whole was missing so far, mainly due to data limitations. This paper fills this gap using a...
Persistent link: https://www.econbiz.de/10010274019
Patterns of informal care are documented throughout the day with Dutch time use diary data. The diary data enable us to identify a, so far overlooked, source of opportunity costs of informal care, i.e. the necessity to perform particular tasks of informal care at specific moments of the day....
Persistent link: https://www.econbiz.de/10010274611
The social or economic discount rate is the threshold rate used to calculate the net present value of an investment project, a program, or a regulatory intervention to see whether the proposed expenditures are economically worthwhile to undertake. The size of the economic rate of discount has...
Persistent link: https://www.econbiz.de/10011940747
There is no robust empirical support for the effect of financial incentives on the decision to work in self-employment rather than as a wage earner. In the literature, this is seen as a puzzle. We offer a focus on the opportunity cost, i.e. the wages given up as an employee. Information on...
Persistent link: https://www.econbiz.de/10010282326
The founding of modern Egypt by Muhammad Ali Pasha required an appropriately modern economy, with industry following … the model of more advanced European states. The Pasha of Egypt in- volved himself personally in every phase of the … his country. This reform would enable the maintenance of absolute authority and the liberation of Egypt from the Ottoman …
Persistent link: https://www.econbiz.de/10015206884
Persistent link: https://www.econbiz.de/10015206897
This paper investigates the link between exporting and importing activities and firm performance using a rich dataset on Egyptian and Moroccan firms. We test the export premium, self-selection and learning-by-exporting hypotheses using a number of firm characteristics. Our analysis also includes...
Persistent link: https://www.econbiz.de/10010311700
The study focuses on the period 2004-09 during which Egypt experienced food crisis. The political economy context on …, agricultural, and economic policies in Egypt together with the structural aspects of the food subsidy policies are discussed and …
Persistent link: https://www.econbiz.de/10010319766