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This paper addresses the question of the institutional flexibility of three major European welfare states. Using Data from the second and fifth wave of the Luxembourg Income Study (LIS), we measure first how effectively the German, British and Italian welfare state have responded to changes in their country-specific poverty risks profile. Further, we apply a macro-simulation to evaluate the performance ...
Luxembourg:
Luxembourg Income Study (LIS),
2008,
(Luxembourg Income Study Working Paper No. 501)
| Matteo Foschi, Martin Schommer
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We investigate how personal income taxes affect the portfolio share of personal wealth that entrepreneurs invest in their own business. In a portfolio choice model that allows for tax sheltering, we show that lower tax rates may increase investment in entrepreneurial equity at the intensive margin, but decrease it at the extensive margin. Using German panel data, we identify tax effects on the portfolio ...
In:
International Tax and Public Finance
27 (2020), 6, 1321-1363
| Frank M. Fossen, Ray Rees, Davud Rostam-Afschar, Viktor Steiner
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In:
Journal of Human Resources
39 (2004), 3, 649-673
| Paul Frijters, John P. Haisken-DeNew, Michael A. Shields
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In:
American Economic Review
94 (2004), 3, 730-740
| Paul Frijters, John P. Haisken-DeNew, Michael A. Shields
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In:
Journal of Health Economics
24 (2005), 997-1017
| Paul Frijters, John P. Haisken-DeNew, Michael A. Shields
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Bonn:
Institute for the Study of Labor (IZA),
2005,
(IZA DP No. 1488)
| Paul Frijters, John P. Haisken-DeNew, Michael A. Shields
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In:
Canadian Journal of Economics
42 (2009), 4, 1326-1346
| Paul Frijters, John P. Haisken-DeNew, Michael A. Shields
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We introduce a duration model that allows for unobserved cumulative individual-specific shocks, which are likely to be important in explaining variations in duration outcomes, such as length of life and time spent unemployed. The model is also a useful tool in situations where researchers observe a great deal of information about individuals when first interviewed in surveys but little thereafter. ...
In:
Journal of Business & Economic Statistics
29 (2011), 2, 271-281
| Paul Frijters, John P. Haisken-DeNew, Michael A. Shields
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In:
Economic Journal
116 (2006), 508, 45-83
| Paul Frijters, Bas van der Klaauw
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We investigate how institutional change—the transition from a socialist system to a western type market economy—relates to the re-emergence of entrepreneurship in East Germany. This region is particularly well suited for such a study because of the rapid change of the institutional framework and the possibility to use West Germany as a benchmark. It took about 15 years until self-employment levels ...
In:
Small Business Economics
43 (2014), 2, 427-446
| Michael Fritsch, Elisabeth Bublitz, Alina Sorgner, Michael Wyrwich