Returns to human capital under uncertain reform: good guys finish last
Individuals who invested more in their education, such as in specialized professional training, are more likely to resist changing professions than less educated individuals due to increased opportunity cost. Factors such as an uncertain future and the opportunity to learn more in a new occupation do not significantly affect the individual's choice. However, if the individual is forced to change occupations due to decreased demand for the old profession, the lateness in switching lessens their opportunity to learn, putting their less educated colleagues at an advantage.
Publication Name: Journal of Economic Behavior & Organization
Privatization incidence, ownership forms, and firm performance: evidence from Slovenia
Companies with higher revenues, profits and exports also have greater tendency to show employee and foreign ownership in the economic transition in Slovenia. A percentage point increase in employee ownership is correlated with around 1.4% increase in value-added while for foreign ownership, it is associated with an increase of 3.9%. Companies with better long- and short-term foreign credit show more instances of foreign ownership. Further, companies with both employee and foreign ownerships have better prospects of obtaining foreign credit.
Publication Name: Journal of Comparative Economics
- Abstracts: The impact of exchange rate uncertainty on the level of investment. Changing trends in international manufacturing productivity
- Abstracts: Consumption taxes and saving: the role of uncertainty in tax reform. Neglected effects on the uses side: even a uniform tax would change relative goods prices
- Abstracts: Multidimensional uncertainty and herd behavior in financial markets. Private information and trade timing
- Abstracts: Wealth distribution in life-cycle economies. Human capital and earnings distribution dynamics. Does productivity growth fall after the adoption of new technology?
- Abstracts: Inside debt, aggregate demand, and the Cambridge theory of distribution. The stock market and investment: another look at the micro-foundations of q theory