For a long time, Norway has had resource rent taxes on oil- and natural gas extraction as well as on hydropower generation. Recently, resource rent taxes have also been levied on aquaculture, and wind power generation. This paper, gives a short overview of the rent theory, the basis for rent...

Over the years, the over-extraction and unsustainable utilization of natural resources has started to pose a severe environmental risk, necessitating immediate action on issues related to climate change. Therefore, this study examines the relationship between natural resources rent and...

Utilising matched employer-employee data from Vietnamese small and medium enterprises (SMEs) surveys spanning the time frame of 2007-2015, we investigate the extent to which firms share economic rents with their employees through wage adjustments. Our analysis reveals rent-sharing elasticity of...

Daron Acemoglu and Pascal Restrepo uncover how automation disproportionately targets tasks that pay workers above-market wages, eroding those rents and amplifying wage losses for affected workers. Using U.S. data from 1980 to 2016, they show that this “rent dissipation” not only reduces wage...

We show that workers use outside options to extract match-specific rents. Exploiting unique data on worker skills, we construct a measure of match quality based on the relationship between workers’ multidimensional skills and job-specific skill requirements. Focusing on job-to-job movers, we...

This study looks at how recycling (RCY), natural resource rents (NRR), and uncertainty in climate policy (CPU) affect material sustainability in the United States, using the material footprint (MF) as the main measure. This research uses yearly data from 1990 to 2023 and applies quantile and...

The entire world has been trying to expedite the transition to digital governance since it escalates the efficiency of an economy. However, the impacts of digital governance on natural resources are not well-explored. Given this background, this study intends to probe the dynamic effect of...

In natural resource-dependent economies, global resource price volatility makes financial systems more vulnerable to economic shocks. The relationship between natural resource rent and bank stability lies in how fluctuations in resource revenues can affect financial institutions' stability. The...

Using a large sample of US Bank Holding Companies during 1995-2023, we find that a standard measure of franchise value predicts lower bank capitalization and higher bank risk of insolvency. The franchise value hypothesis (FVH), postulating a negative relationship between bank franchise value and...

As Asia faces the dual challenges of rapid economic expansion and mounting environmental pressures, the region's ability to balance growth with sustainability has become a focal point of global discourse. With increasing energy demands, escalating CO₂ emissions, and widening income inequality,...

We use the removal of public bank guarantees in Germany as a quasi-natural experiment to estimate the gender bargaining power gap. Using comprehensive wage data from the universe of banking employees, combined with bank-level financial information, we find that women have approximately...

This study advances global understanding by introducing asymmetric structure into the causality between economic complexity and natural resource wealth in resource-rich countries, using the case studies of Nigeria and South Africa covering 1970-2021. This approach reveals hidden causality in the...

Housing rents are one of the most important and difficult elements of spatial cost of living comparisons. Difficulties arise from the lack of sufficiently detailed and harmonized data, especially at the international level. The emergence of Airbnb has created a valuable new source of...

This study revisits the academic disagreement on the impact of resource rent tax design on oil and gas companies. The disagreement relates to whether the petroleum special tax on the Norwegian Continental Shelf leads to under- or over-investments. Ideally, to ascertain the degree of investment...

The design and effectiveness of rent controls and the role of large landlords in rental markets are both under active debate across Europe. This study uses a novel annual property-level dataset covering all tenancy registrations in Ireland Q2 2022-Q4 2024 to explore how landlord size interacts...

The load capacity factor (LCF) hypothesis extends the environmental Kuznets curve (EKC) framework by incorporating both the demand and supply sides of natural resources. This study investigates the LCF hypothesis and the environmental impacts of the natural resources, financial inclusion,...

Entry in a homogeneous Cournot oligopoly can be excessive if there is business stealing. Since this excessive entry prediction has been established, a variety of circumstances have been identified which allow for insufficient entry, despite the business stealing externality. This paper shows...

For a long time, Norway has had resource rent taxes on oil- and natural gas extraction as well as on hydropower generation. Recently, resource rent taxes have also been levied on aquaculture, and wind power generation. This paper, gives a short overview of the rent theory, the basis for rent...

Entry in a homogeneous Cournot oligopoly can be excessive if there is business stealing. Since this excessive entry prediction has been established, a variety of circumstances have been identified which allow for insufficient entry, despite the business stealing externality. This paper shows...

The gap between market rent and the price of shelter was 6.6 percent larger in December 2023 relative to December 2019. Because shelter prices comprise 36 percent of the Consumer Price Index and therefore influence monetary policy decisions, it is vital to understand the pass-through of this...

The international agreement on a corporate minimum tax is a milestone in global corporate tax arrangements. The minimum tax disturbs the equivalence between otherwise equivalent forms of efficient economic rent taxation: cash-flow tax and allowance for corporate equity. The marginal effective...

For a long time, Norway has had resource rent taxes on oil- and natural gas extraction as well as on hydropower generation. Recently, resource rent taxes have also been levied on aquaculture, and wind power generation. This paper, gives a short overview of the rent theory, the basis for rent...

We explore the shifting allegiances in the traditional conflict between capital and labor. This shift is created by finance: the distinction between financial and nonfinancial firms has become elusive. Our focus is on the worker who voluntarily or involuntarily transforms into a rentier. We...

The international agreement on a corporate minimum tax is a milestone in global corporate tax arrangements. The minimum tax disturbs the equivalence between otherwise equivalent forms of efficient economic rent taxation: cash-flow tax and allowance for corporate equity. The marginal effective...

By employing the GMM panel VAR framework, we examine the interplay among natural resource rents, technological innovation, financial development, and energy consumption in the BRICS from 1990 to 2020 on an annual basis. The findings of the study demonstrate a significant negative association...

Economic uncertainty has steadily increased in response to a series of unforeseen shocks, notably the Global Financial Crisis, Brexit, COVID-19, and the Russia-Ukraine war. This study examined the impact of economic uncertainty on rents and capital values in Australia's office, retail, and...