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Constrained Firms, Not Subsistence Activities: Evidence on Capital Returns and Accumulation in Peruvian Microenterprises
micro and small enterprises credit constraints risk risk aversion firm growth Peru
2012/10/22
We investigate the returns to capital and capital accumulation using panel data of Peruvian micro enterprises (MEs). Marginal returns to capital are found to be very high at low levels of capital, but...
Why Not Fully Spend a Conditional Block Grant?
intergovernmental grants conditional block grants welfare-to-work programs
2012/10/23
This paper studies a conditional block grant that Dutch municipalities receive for welfare-to-work programs. Many municipalities do not fully use this grant, although programs are beneficial for them....
Risk Preferences Are Not Time Preferences: Comment
intertemporal choice risk and certainty convex time budget multiple price list
2012/10/23
Andreoni and Sprenger (in press) report evidence that distinct utility functions govern choices under certainty and risk. I investigate the robustness of their result to the experimental design. I fin...
The Shadow Economy and Shadow Economy Labor Force: What Do We (Not) Know?
shadow economy undeclared work shadow labor force tax morale tax pressure state regulation
2012/10/26
In this paper the main focus lies on the development and the size of the shadow economy and of undeclared work (or shadow economy labor force) in OECD, developing and transition countries. Besides inf...
Birth of a federation：Mr. Gompers endeavors 'not to build a bubble'
Birth of a federation Mr. Gompers bubble
2009/6/15
Birth of a federation：Mr. Gompers endeavors 'not to build a bubble'。
Employed but not at work：a review of unpaid absences。
Compared with their nonpoor counterparts in 1986, poor male householders were more likely to cite inability to find full-year work, illness, or disability as reasons for working part year or not worki...
Occupational employment in the not-for-profit sector
Occupational employment not-for-profit sector
2009/3/18
The for-profit and not-for-profit sectors differ in regards to the industries with the most employees and the types of jobs that employees most commonly hold; the average wage of each sector is simila...