Identifying the effect of parental incomes on child outcomes is difficult due to the correlation of unobserved ability, education levels and income. Previous research has relied on the use of instrumental variables to identify the effect of a change in household income on the young adult...

We investigate the evolution of health over the life-cycle. We allow for two sources of persistence: unobserved heterogeneity and state dependence. Estimation indicates that there is a large degree of heterogeneity. For half the population, there are modest degrees of state dependence...

Using a panel of 425 European firms over the period from 1990 to 2005, we revisit Welch's (2004) finding that stock returns are the primary determinant of capital structure changes and that the corporate motives for issuing activities remain largely unexplained. We document that about half of...

Ein wichtiger Erklärungsfaktor für die Entwicklung der Arbeitslosenquote sind die Institutionen desArbeitsmarktes. Diese Arbeit zeigt empirische Ergebnisse für verschiedene Paneldaten-Modelle.Gegenüber der bisherigen Literatur unterscheidet sich der Ansatz durch drei Aspekte: 1) Wirverwenden...

Zwischen März und April 2009 wurde vom Studiengang „Technisches Vertriebsmanagement“ an derFachhochschule des bfi Wien über das Internet-Tool „www.2ask.de“ zum zweiten Mal eine Umfragedurchgeführt, deren Ziel es war, einen aktuellen Status der Vertriebslandschaft zu ermitteln und mit...

Zwischen April und Juni 2008 wurde vom Studiengang „TechnischesVertriebsmanagement“ an der Fachhochschule des bfi Wien über das Internet-Tool „www.2ask.de“ eine Umfrage durchgeführt, deren Ziel es war, einen aktuellenStatus der Vertriebslandschaft zu ermitteln. Insgesamt 242 Personen...

In this paper we explore the hypothesis of spatial effects in the distribution of ForeignDirect Investments (FDI) across Russian regions. We make use of a model, whichdescribes FDI inflows as resulting from an agglomeration effect (the level of FDI in agiven region depends positively on the...

This study uses panel data describing about 6,500 employees in a large international companyto study the incentive effects of performance related pay. The company uses two performancerelated remuneration mechanisms. One is an individual "surprise" bonus payment. The other isa more structured...

Stochastic differential equations (SDE) are used as dynamical models forcross sectional discrete time measurements (panel data). Thus causal effectsare formulated on a fundamental infinitesimal time scale. Cumulated causaleffects over the measurement interval can be expressed in terms of the...

The objective of this paper is to identify the determinants of office capitalization rates for a panel of 52countries (developed and emerging countries) between 2000 and 2006. Our assumption, based on a CapitalAsset Pricing Model, is that the capitalization rate should be at least proportional...