We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship. The model predicts that, with liquidity...

In 2009, the Australian, Brazilian and UK parliaments faced strong criticism - to say the least - over the issue of parliamentarians' expenses. The uncovering of widespread misuses of public resources by parliamentarians in each of these three countries was the subject of intense media and...

Early education and childcare can have a critical impact both on helping children to develop and in supporting parents (especially mothers) to work. But childcare can also have a significant impact on the disposable income - and, hence, living standards - of families with very young children....

Die Verlagerung der Bochumer Produktion des Handyherstellers Nokia nach Rumänien hat in der Öffentlichkeit für erhebliches Aufsehen gesorgt.Die Ausarbeitung, die auf einem Gutachtenauftrag beruht, untersucht normativ unter Einbeziehung der Faktenlage, wie zeit- und kostenaufwändig eine...