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Crime and Punishment in the "American Dream"
Tella, Rafael Di - 2006
We observe that countries where belief in the "American dream" (i.e., effort pays) prevails also set harsher punishment for criminals. We know from previous work that beliefs are also correlated with several features of the economic system (taxation, social insurance, etc). Our objective is to...
Persistent link: https://www.econbiz.de/10012466020
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Gender, Selection into Employment, and the Wage Impact of Immigration
Borjas, George J.; Edo, Anthony - National Bureau of Economic Research - 2021
immigration. We document the importance of this selection bias in the French labor market, where women accounted for a rapidly … change the wage of French women, but led to a sizable decline in their employment rate. In contrast, immigration had little … between immigration and female wages arises partly because the native women who left the labor force had relatively low wages …
Persistent link: https://www.econbiz.de/10012510560
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Immigrants and Firms' Outcomes : Evidence from France
Mitaritonna, Cristina - 2016
In this paper we analyze the impact of an increase in the local supply of immigrants on firms' outcomes, allowing for heterogeneous effects across firms according to their initial productivity. Using micro-level data on French manufacturing firms spanning the period 1995-2005, we show that a...
Persistent link: https://www.econbiz.de/10012455828
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Internal and External Labor Markets : An Analysis of Matched Longitudinal Employer-Employee Data
Abowd, John M. - 1997
We decompose the real annual full time compensation costs of 1.1 million French workers followed over 12 years into a part that reflects their external opportunity wage and a part that reflects their internal wage rate. Using these components of compensation we investigate the extent to which...
Persistent link: https://www.econbiz.de/10012472705
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Stock Return Predictability : Is it There?
Ang, Andrew - 2001
We ask whether stock returns in France, Germany, Japan, the UK and the US are predictable by three instruments: the dividend yield, the earnings yield and the short rate. The predictability regression is suggested by a present value model with earnings growth, payout ratios and the short rate as...
Persistent link: https://www.econbiz.de/10012470517
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Implied Exchange Rate Distributions : Evidence from OTC Option Markets
Campa, Jose M. - 1997
This paper uses a rich new data set of option prices on the dollar-mark, dollar-yen, and key EMS cross-rates to extract the entire risk-neutral probability density function (pdf) over horizons of one and three months. We compare three alternative smoothing methods---cubic splines, an implied...
Persistent link: https://www.econbiz.de/10012472635
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Were Trade and Factor Mobility Substitutes in History?
Collins, William J. - 1997
periods and across trading partners, once again substitutability is soundly rejected. Finally, the paper explores immigration … policy and finds that policy makers never behaved as if they viewed trade and immigration as substitutes …
Persistent link: https://www.econbiz.de/10012472755
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Sources of Convergence in the Late Nineteenth Century
Taylor, Alan M. - 1996
Although the empirical growth literature has yielded many findings on postwar convergence patterns, it has had little to say about the determinants of convergence in earlier epochs. This paper investigates convergence for group of seven countries during the period 1870-1914, the last great phase...
Persistent link: https://www.econbiz.de/10012473027
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International Evidence on Sticky Consumption Growth
Carroll, Christopher D. - 2008
We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness...
Persistent link: https://www.econbiz.de/10012464771
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Peer Effects in European Primary Schools : Evidence from PIRLS
Ammermueller, Andreas - 2006
We estimate peer effects for fourth graders in six European countries. The identification relies on variation across classes within schools. We argue that classes within primary schools are formed roughly randomly with respect to family background. Similar to previous studies, we find sizeable...
Persistent link: https://www.econbiz.de/10012466488