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: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 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:Why do People Choose to be Silent? Simulating Electoral Behaviour
Author(s):BARTHA, Eszter; WOLSZCZAK-DERLACZ, JoannaDate:2008Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:This paper investigates opinion contagion in collective behaviour, using an extension of
Granovetter’s (1978) and Krassa’s (1988) threshold models. The theoretical background
is the spiral of silence concept developed ...
Title:Why Does the Stock Market Fluctuate?
Author(s):BARSKY, Robert B.; DE LONG, J. BradfordDate:1992Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:With Strings Attached: Grandparent-provided child care, fertility, and female labour market outcomes
Author(s):GARCIA-MORAN, Eva; KUEHN, ZoeDate:2012Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:Grandparents are regular providers of free child care. Similar to any other form of child care, availability of grandparent-provided child care affects fertility and labor market decisions of women positively. We find that ...