Showing 1 - 10 of 424
This paper examines three valuation methods, each of which should lead to the same value for a given asset. These are the Adjusted Present Value, Adjusted Discount Rate and Flows to Equity methods. To achieve identical valuations, however, the different methods must be implemented with cost of...
Persistent link: https://www.econbiz.de/10012787478
The cost of capital plays an important role in the allocation of resources among competing uses in a decentralized market system. The purpose of this paper is to organize and present what is known and what is hypothesized about the effects of taxation on the incentive to invest, via the cost of...
Persistent link: https://www.econbiz.de/10013232028
Differences in house price and income growth rates between 1950 and 2000 across metropolitan areas have led to an ever … attractive locations combined with an increasing number of high-income households nationally. Scarce land leads to a bidding …-up of land prices and a sorting of high-income families relatively more into those desirable, unique, low housing …
Persistent link: https://www.econbiz.de/10012755485
heterogeneity. In contrast to simpler models that attribute all income fluctuations to shocks, our framework disentangles …
Persistent link: https://www.econbiz.de/10012757525
This paper assesses the relative importance of various explanations for the gender gap in career outcomes for highly-educated workers in the U.S. corporate and financial sectors. The careers of MBAs, who graduated between 1990 and 2006 from a top U.S. business school, are studied to understand...
Persistent link: https://www.econbiz.de/10012757931
proceed by using the large variation across birth cohorts in income security entitlements in Canada that arise from reforms to …-being while controlling for other factors that affect well-being over time and by age. We examine measures of income, consumption …, poverty, and happiness. For income, we find large increases in income corresponding to retirement benefit increases …
Persistent link: https://www.econbiz.de/10012757959
Height trends since World War II are analyzed using the most recent NHANES survey released in 2006. After declining for about a generation, the height of adult white men and women began to increase among the birth cohorts of c. 1975-1986, i.e., those who reached adulthood within the past decade...
Persistent link: https://www.econbiz.de/10012758018
A key question for Social Security reform is whether workers currently perceive the link on the margin between the Social Security taxes they pay and the Social Security benefits they will receive. We estimate the effects of the marginal Social Security benefits that accrue with additional...
Persistent link: https://www.econbiz.de/10012758034
In this paper, I selectively discuss recent empirical work on the consequences of global labor mobility. I examine how international migration affects the incomes of individuals in sending and receiving countries and of migrants themselves. Were a social planner to choose the migration policies...
Persistent link: https://www.econbiz.de/10012758151
variances and cell means for all topcoded income values in the public-use version of these data. We then provide a procedure … imputing its topcoded income values. As an example of its value we show how our new procedure improves on existing imputation …
Persistent link: https://www.econbiz.de/10012758238