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Governments often issue bonds in foreign jurisdictions, which can provide additional legal protection vis-à-vis domestic bonds. This paper studies the effect of this jurisdiction choice on bond prices. We test whether foreign-law bonds trade at a premium compared to domestic-law bonds. We use...
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Presents change in the flower-growing industry in Colombia since 1965. Estimates the employment generated by sector and discusses some of its main characteristics. Addresses questions relating to types of labour contracts.
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who are hired last, are the first to leave the firm. Second, workers’ wages rise with seniority (= a worker’s tenure … the return to seniority because seniority is not a deterministic function of time. Controlling for tenure, the probability … of leaving the firm decreases with seniority. The increase in expected seniority with tenure explains a large part of the …
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The market is a place where people behave quite relentlessly. If one person is selling a particular commodity at a higher price than others, no one will buy that commodity from him, however virtuous or merciful he is known to be. Of course, the actual world does not always work exactly in this...
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