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The Long-Term Spillover Effects of Changes in the Return to Schooling
Abramitzky, Ran - 2018
We study the short and long-term spillover effects of a pay reform that substantially increased the returns to schooling in Israeli kibbutzim. This pay reform, which induced kibbutz students to improve their academic achievements during high school, spilled over to non-kibbutz members who...
Persistent link: https://www.econbiz.de/10012921522
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The Effect of Changes in the Skill Premium on College Degree Attainment and the Choice of Major
Abramitzky, Ran; Lavy, Victor; Segev, Maayan - 2022
We study the impact of financial incentives on higher education decisions and the choice of major. We rely on a reform whereby Israeli kibbutzim shifted from their traditional policy of equal sharing to productivity-based wages. We use for identification the staggered implementation of this...
Persistent link: https://www.econbiz.de/10013324730
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Financial Literacy, Information, and Demand Elasticity : Survey and Experimental Evidence from Mexico
Hastings, Justine S. - 2010
We use responses to a survey and experiment with participants in Mexico's privatized social security system to examine how financial literacy impacts workers' choice behavior and how simplifying information on management fees may increase measures of price elasticity sensitivity among the...
Persistent link: https://www.econbiz.de/10012758108
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Profiting from Government Stakes in a Command Economy : Evidence from Chinese Asset Sales
Calomiris, Charles W. - 2010
contrast to the quot;privatization premiumquot; found in earlier work, we find a negative effect of government ownership on …, suggesting that personal ties can substitute for the benefits of government ownership. The quot;privatization discountquot; is … with relatively high welfare payments to employees, which presumably would fall with privatization, benefit …
Persistent link: https://www.econbiz.de/10012759554
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Testing Limits to Policy Reversal : Evidence from Indian Privatizations
Dastidar, Siddhartha - 2010
We examine the effect of regime change on privatization using the 2004 election surprise in India. The pro-reform BJP … slated for definite privatization by the BJP dropped by 3.5 percent relative to private firms. Surprisingly, government …-controlled companies that were only under study for possible privatization fell by 7.5 percent relative to private firms. We interpret this …
Persistent link: https://www.econbiz.de/10012759805
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Contracting for Government Services : Theory and Evidence from U.S. Cities
Levin, Jonathan - 2010
Local governments can provide services with their own employees or by contracting with private or public sector providers. We develop a model of this quot;make-or-buyquot; choice that highlights the trade-off between productive efficiency and the costs of contract administration. We construct a...
Persistent link: https://www.econbiz.de/10012759893
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Selling Company Shares to Reluctant Employees : France Telecom's Experience
Degeorge, Francois - 2010
In 1997, France Tsbquo;lsbquo;com, the state-owned French telephone company, went through a partial privatization. The …
Persistent link: https://www.econbiz.de/10012763327
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The Private and External Costs of Germany's Nuclear Phase-Out
Jarvis, Stephen - 2019
Many countries have phased out nuclear electricity production in response to concerns about nuclear waste and the risk of nuclear accidents. This paper examines the impact of the shutdown of roughly half of the nuclear production capacity in Germany after the Fukushima accident in 2011. We use...
Persistent link: https://www.econbiz.de/10012857668
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Valuing Private Equity Strip by Strip
Gupta, Arpit - 2019
We propose a new valuation method for private equity investments. First, we construct a cash-flow replicating portfolio for the private investment, applying Machine Learning techniques on cash-flows on various listed equity and fixed income instruments. The second step values the replicating...
Persistent link: https://www.econbiz.de/10012858406
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Do Private Prisons Affect Criminal Sentencing?
Dippel, Christian - 2019
Using a newly constructed complete monthly panel of private and public state prisons, we ask whether private prisons impact judges' sentencing decisions in their state. We employ two identification strategies, a difference-in-difference strategy comparing court-pairs that straddle state-borders,...
Persistent link: https://www.econbiz.de/10012889061