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Corporate Efficiency, Credit Status and Investment

Quader, Manzur; Taylor, Karl - Institute for the Study of Labor (IZA) - 2014

Using a panel of 1122 UK firms listed on the London Stock Exchange over the period of 1981 to 2009, endogenous switching regression models (SRM) incorporating a predicted corporate efficiency index are estimated in this paper in an effort to clarify the role of cash flow in examining the impact...

Persistent link: https://www.econbiz.de/10010790512

Migration and Financial Constraints: Evidence from Mexico

Angelucci, Manuela - Institute for the Study of Labor (IZA) - 2013

Using data collected for the evaluation of the rural component of Oportunidades, Mexico's flagship anti-poverty program, I show that poor households' entitlement to an exogenous, temporary but guaranteed income stream increases US migration even if this income is mainly consumed and that some...

Persistent link: https://www.econbiz.de/10010884238

Access to Higher Education and Inequality: The Chinese Experiment

Wang, Xiaojun; Fleisher, Belton M.; Li, Haizheng; Li, Shi - Institute for the Study of Labor (IZA) - 2007

We apply a semi-parametric latent variable model to estimate selection and sorting effects on the evolution of private returns to schooling for college graduates during China’s reform between 1988 and 2002. We find that there were substantial sorting gains under the traditional system, but...

Persistent link: https://www.econbiz.de/10005703075

Internal Finance and Growth: Microeconometric Evidence on Chinese Firms

Guariglia, Alessandra; Liu, Xiaoxuan; Song, Lina - Institute for the Study of Labor (IZA) - 2008

Does the availability of internal finance constrain firm growth? Or does it foster it? To answer these questions, we use a panel of 407,096 Chinese firms over the period 2000−2005. We estimate dynamic assets growth equations augmented with cash flow, and find that the growth of state owned...

Persistent link: https://www.econbiz.de/10005703564

Sorting, Selection, and Transformation of the Return to College Education in China

Fleisher, Belton M.; Li, Haizheng; Li, Shi; Wang, Xiaojun - Institute for the Study of Labor (IZA) - 2004

We estimate selection and sorting effects on the evolution of the private return to schooling for college graduates during China’s between 1988 and 2002. We pay special attention to the changing role of sorting by ability versus budget-constraint effects as China’s education policy has...

Persistent link: https://www.econbiz.de/10005566787

Severance Pay and Corporate Finance: Empirical Evidence from a Panel of Austrian and Italian Firms

Cardinale, Mirko; Orszag, Mike - Institute for the Study of Labor (IZA) - 2004

This paper examines the empirical link between severance pay and corporate finance. Severance pay is an economic debt of the employer and hence should be taken into account by the market in its assessments of risk. Using a hand collected dataset of accounting data from Italy and Austria we find...

Persistent link: https://www.econbiz.de/10005822359

Nur noch Roboter und Selbstausbeutung? Über die Herausforderungen und Chancen der neuen Welt der Arbeit

Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2015

Unsere (Arbeits-)Welt scheint sich mit zunehmender Geschwindigkeit zu verändern. Der vorliegende Beitrag beschreibt zentrale Aspekte dieser Entwicklung und diskutiert ihre voraussichtlichen Auswirkungen auf Arbeit und Beschäftigung. Der Wandel ist weltweit spürbar und Roboter und Maschinen...

Persistent link: https://www.econbiz.de/10011269602

Ostdeutschland 20 Jahre nach dem Mauerfall: Was war und was ist heute mit der Wirtschaft?

Brenke, Karl; Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2009

Der Artikel zeigt in den grundlegenden Zügen die Entwicklung in Ostdeutschland seit dem Beginn der Umstrukturierung auf und zieht eine Bilanz zum Stand des Anpassungsprozesses 20 Jahre nach dem Mauerfall. Wie sich an der Entwicklung der Wirtschaftsleistung zeigen lässt, ist der wirtschaftliche...

Persistent link: https://www.econbiz.de/10008615433

Will You Still Need Me – When I'm 64?

Ours, Jan C. van - Institute for the Study of Labor (IZA) - 2009

For various reasons the relationship between age and productivity is a matter of policy concern. I present new … empirical research showing how productivity is affected by age. I study age effects at the individual level by analyzing data on … between age, wage and productivity. In particular I address the potential wage-productivity gap that might occur at higher …

Persistent link: https://www.econbiz.de/10004969324

Do Expenditures Other Than Instructional Expenditures Affect Graduation and Persistence Rates in American Higher Education?

Webber, Douglas A.; Ehrenberg, Ronald G. - Institute for the Study of Labor (IZA) - 2009

Median instructional spending per full-time equivalent (FTE) student at American colleges and universities has grown at a slower rate the median spending per FTE in a number of other expenditure categories during the last two decades. We use institutional level panel data and a variety of...

Persistent link: https://www.econbiz.de/10004976898