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1 - 10 van 17 voor liquidity constraints
Flexibility, Dualism and the Great Recession
... finance we cannot exit from dualism as liquidity constraints induce small firms to offer only temporary contracts further example that expected financing constraints matter in hiring decisions t. boeri ... we cannot exit from dualism as liquidity constraints induce small firms to offer only temporary contracts further example that expected financing constraints matter in hiring decisions t. boeri ...
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analysis individual accounts unemployment risk netherlands pdf
... benefits of ui, and liquidity constraints costs of insurance benefits of insurance 30 4.2.1 consumption smoothing 30 4.2.2 studies on the importance of liquidity constraints 31 5 a lifecycle ... studies into the costs and benefits of ui, and liquidity constraints below, we consider the costs and benefits of ui and the relevance of liquidity constraints for the unemployed, all of which are relevant ...
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Microsoft Word - discussion165.doc
... in practice. the possible absence of entrance fees and performance bonds cannot be explained by liquidity constraints of workers as a result of imperfect capital markets. the argument is that whenever ... such a setting both the firm and the employee are bounded by their outside option constraints, which define their alternative opportunities in the market. a self-enforcing contract consists of ...
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Microsoft Word - discussion145.doc
... measures aimed at this access. liquidity constraints could play an important role. in many cases, financial capital is needed to start a business, so that liquidity constraints could have a negative effect ... zoetermeer. evans, d. and b. jovanovic, 1989, an estimated model of entrepreneurial choice under liquidity constraints, journal of political economy, vol. 97, no. 4, pp. 808-827. 28 fairlie, r. ...
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Microsoft Word - discussion52
... parameterisation of (2.2), including generalised versions for households, and taking into account health, and liquidity constraints (e.g., van der klaauw and 12 wolpin, 2003; blau, 2004; french, 2005; gustman and ...
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Microsoft Word - cpbdoc_tang.doc
... mentions the following reasons why ricardian equivalence may not hold exactly 1. population growth; 2. liquidity constraints; 3. non-lump-sum taxes; 4. rule-of-thumb consumption behaviour. first, when new ... in response to a bond issue. second, a bond issue may matter when households face liquidity constraints. in particular, when the household faces a higher interest rate for borrowing than the ...
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memo241.pdf
... explanation can be distilled preference related non-expected utility, habit formation, loss aversion incomplete markets liquidity constraints, uninsurable micro-risks, transactions costs, limited participation finite sample bias parameter uncertainty, catastrophic events, survivor ...
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Manager turnover and firm performance
... liquidity constraints and short-sighted or irrational behaviour. from theory we know that liquidity constraints may affect high and low wage earners in a different way. high wage earners may experience such constraints ... wage earners may experience liquidity constraints later in life as they may want to borrow against their social security rights. the latter liquidity constraints may however result ...
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policy brief fiscale behandeling van zelfstandigen pdf
... . evans, d. en b. jovanovic, 1989, an estimated model of entrepreneurial choice under liquidity constraints, journal of political economy, feldstein, m., 1995, the effect of marginal tax rates ... employment, journal of public economics, 94, 995-1007. hurst, e. en a. lusardi, 2004, liquidity constraints, household wealth, and entrepreneurship, journal of political economy, imf, 2007, taxation of small ...
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dp209.indd
... i in fig. 1 is negative. funds with liquidity surpluses and those with liquidity shortages form, respectively, liquidity supply and liquidity demand on the interbank market. the interbank market ... international and domestic collateral constraints in a model of emerging market crises. journal of monetary economics, carletti, e. and leonello, a. (2011). credit market competition and liquidity crises. ...
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