Title:Wages and the Size of Firms in Dynamic Matching Models
Author(s):BERTOLA, Giuseppe; GARIBALDI, P.Date:2001Type of Publication:ArticleAbstract:This paper studies the joint distribution of wages and employment levels in simple matching models of job creation and destruction with costly search and firm-specific labor demand shocks. Existing evidence on the relationship ...
Title:Weak Instruments and Weak Identification in Estimating the Effects of Education on Democracy
Author(s):COVIELLO, Decio; BOBBA, MatteoDate:2006Type of Publication:Working PaperSeries/Report no.:American Development Bank Working PaperAbstract:Is there any relation between education and democracy? Once we correct for weak instruments and identify education as 'weakly exogenous' we find new evidence that education systematically predicts democracy. Our results ...
Title:Weak Instruments and Weak Identification, in Estimating the Effects of Education, on Democracy
Author(s):BOBBA, Matteo; COVIELLO, DecioDate:2007Type of Publication:ArticleAbstract:Is there any relation between education and democracy? Once we correct for weak instruments and identify education as “weakly exogenous” we find new evidence that education systematically predicts democracy. Our results ...
Title:What Determines Entrepreneurial Clusters?
Author(s):GUISO, Luigi; SCHIVARDI, FabianoDate:2011Type of Publication:ArticleAbstract:We contrast two potential explanations of the substantial differences in entrepreneurial activity observed across geographical areas: entry costs and external effects. We extend the Lucas model of entrepreneurship to allow ...
Title:What Determines Entrepreneurial Clusters?
Author(s):GUISO, Luigi; SCHIVARDI, FabianoDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We contrast two potential explanations of the substantial differences in entrepreneurial activity observed across geographical areas: entry costs and external effects. We extend the Lucas model of entrepreneurship to allow ...
Title:What Do CEOs Do?
Author(s):BANDIERA, Oriana; GUISO, Luigi; PRAT, Andrea; SADUN, RaffaellaDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We develop a methodology to collect and analyze data on CEO’s time use. The idea sketched out in a simple theoretical set-up is that CEO time is a scarce resource and its allocation can help us identify the firm’s priorities ...
Title:What Drives Spreads in the Euro Area Government Bond Market?
Author(s):MANGANELLI, Simone; WOLSWIJK, Guido; RAVN, Morten O.; THESMAR, DavidDate:2009Type of Publication:ArticleAbstract:Spreads between euro area government bond yields are related to short-term interest rates, which are in turn related to market liquidity, to cyclical conditions, and to investors' incentives to take risk. In theory, lower ...
Title:What Drives Women Out of Entrepreneurship? The Joint Role of Testosterone and Culture
Author(s):GUISO, Luigi; RUSTICHINI, AldoDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The ratio of second to fourth digit (2D4D) has been shown to correlate negatively with entrepreneurial skills and financial success. We document that in a sample of entrepreneurs women have a lower 2D4D ratio than men, in ...
Title:What Should Central Banks do about Real Estate Prices?
Author(s):ALLEN, Franklin; CARLETTI, ElenaDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:Wharton Financial Institutions CenterAbstract:Many central banks use inflation targeting as the basis for their monetary policy. The
underlying notion of this approach is that there are no long term benefits in terms of reduced
unemployment from having inflation. ...
Title:Which One Should I Imitate?
Author(s):SCHLAG, Karl H.Date:1999Type of Publication:ArticleAbstract:An individual repeatedly faces the same decision. Payoffs generated by his available actions are noisy. This individual forgets earlier experience and is limited to learn by observing current success of two other individuals. ...