We estimate the productivity- and wage-returns to firm-provided training in a panel of French Firms. We find positive and significant returns to training on productivity. For instance, an increase in training intensity by 150 Euros per worker increases a firms labor productivity by 0.4 %....

The aim of this paper is to estimate moral hazard effects on health expenditures based on French data. Recent studies have underlined that selection on the market of insurance is partly due to unobservable characteristics and not only to observable ones (such as health condition). Methods using...

In this article, we study the impact of payroll tax subsidies for low-wage workers on various outcomes of the firms, including employment, in particular that of young and less skilled workers. We concentrate on the effects of the 1995 and 1996 tax cuts policies, which permit large decreases in...

The continuous innovation process experienced by the information technology industries over the last decades has caused the price of computer power to decrease dramatically. This has led many firms to invest massively in increasingly efficient computers. This paper is an attempt to assess the...

In this paper we analyze the impact on the demand of capital and labour of changes in their relative costs, using micro data. We especially highlight the role of the user cost of capital, for which we propose an original measure based on the cost of debt and the cost of equity. We hence take...

In this study, we provide an estimation of the average age-productivity profile in the French private sector. The relative productivity of groups of workers is estimated through the relationship between a firms productivity and the age structure of its labour force. We find that productivity...

Does entry regulation hinder job creation? We investigate this question in the context of the French retail industry, a sector that has experienced especially low rates of job creation over the last 25 years. Using a unique database that provides time and regional variation in boards approval...

This paper empirically examines the role of social networks in welfare participation. Social theorists from across the political spectrum have argued that network effects have given rise to a culture of poverty. Empirical work, however, has found it difficult to distinguish the effect of...

We investigate the impact of changes in states' anti-takeover legislation on executive compensation.

In this paper, we use states' passage of anti-takeover legislation as a source of such independent variation. Passed in the 1980s, these laws serioulsy limited takeovers of firms incorporated in legislating states. Since many view hostile takeovers as an important disciplining device, these laws...