Showing 1 - 10 of 13
This paper studies how changes in the two key parameters of unemployment insurance the benefit replacement rate (RR …) and the potential duration of benefits (PBD) affect the duration of unemployment. In 1989, the Austrian government made … unemployment insurance more generous by changing, simultaneously, the maximum duration of regular unemployment benefits and the …
Persistent link: https://www.econbiz.de/10002464276
In the past decades unemployment in the Netherlands has gone down substantially. The main suspects responsible for this … unemployment rate in the Netherlands has increased somewhat. However, since the huge decline in unemployment was due to structural … improvements in the functioning of the labor market there is not a lot of reason to worry about the recent rise in unemployment …
Persistent link: https://www.econbiz.de/10001754941
transmission channel. The effects of integration on unemployment, however, depend importantly on the nature of wage taxation and … unemployment compensation. As a separate methodological contribution, we extend a dynamic CGE model for Germany to allow for search … unemployment of high- and low-skilled labour. Simulating the effects of Eastern EU enlargement, we find quantitatively small …
Persistent link: https://www.econbiz.de/10001546276
model with search unemployment of high- and low-skilled labor, we simulate the effects of enlargement on Germany finding …
Persistent link: https://www.econbiz.de/10001682408
Persistent link: https://www.econbiz.de/10001732740
Venture capitalists not only finance but also advise and thereby add value to young innovative firms. The prospects of venture capital backed firms thus depend on joint efforts of entrepreneurs and informed venture capitalists, and are subject to double moral hazard. In financing a portfolio of...
Persistent link: https://www.econbiz.de/10001718469
The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists not only finance but also advise start-up entrepreneurs and thereby add value to new firms. The paper demonstrates how a productive and active VC industry boosts innovation...
Persistent link: https://www.econbiz.de/10001653758
A model of start-up finance with double moral hazard is proposed. Entrepreneurs have ideas but lack own resources as well as commercial experience. Venture capitalists provide start-up finance and managerial support. Both types of agents thus jointly contribute to the firm's success, but neither...
Persistent link: https://www.econbiz.de/10001679844
A venture capitalist faces a trade-off between the extent of managerial advice allocated to each start-up and the total number of firms advised. Diminishing returns to advice per firm call for a larger portfolio. As advice gets diluted, further expansion of the portfolio eventually becomes...
Persistent link: https://www.econbiz.de/10001554330
In this paper we set up a model of start-up finance under double moral hazard. Entrepreneurs lack own resources and business experience to develop their ideas. Venture capitalists can provide start-up finance and commercial support. The effort put forth by either agent contributes to the firm's...
Persistent link: https://www.econbiz.de/10001870726