The American Economic Review, Volume 96American Economic Association., 2006 |
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Página 809
... investment is sensitive to cash flow for U.S. companies that are covered by securities analysts . This result stands in contrast to many previous studies that have estimated investment - cash flow regres- sions using Brainard - Tobin ...
... investment is sensitive to cash flow for U.S. companies that are covered by securities analysts . This result stands in contrast to many previous studies that have estimated investment - cash flow regres- sions using Brainard - Tobin ...
Página 833
... investment on the job , I abstract from other features that may cause wage growth rather than OJT , and interpret all wage growth over the life cycle as a result of human capital investment on the job . This gives an upper bound to the ...
... investment on the job , I abstract from other features that may cause wage growth rather than OJT , and interpret all wage growth over the life cycle as a result of human capital investment on the job . This gives an upper bound to the ...
Página 836
... investment is simply the discounted flow of future increases in earnings power , and it does not depend on the level of investment . 11 As can be seen in equation ( 1 ) , one can compute the value of MR , for each s for a given 10 This ...
... investment is simply the discounted flow of future increases in earnings power , and it does not depend on the level of investment . 11 As can be seen in equation ( 1 ) , one can compute the value of MR , for each s for a given 10 This ...
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5 | 720 |
MAYORG AND MARCH | 989 |
This Appendix explains in more detail | 1232 |
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agent analysis assumption auction average behavior bidder bonus rate buyer certifier choice choose coefficient column concave condition consumption correlation cost cotinine countries demand denote distribution earnings effect efficient effort levels endogenous enrollment equation equilibrium estimates exchange rate expected Figure firm gamble GATT growth higher human capital impact implies incarceration income increase incumbent investment Jobs Journal of Economics Lemma March CPS marginal marginal cost match May/ORG measure ment mixed strategy monthly contract Nash equilibrium nomic observed optimal order flow outcomes p-value paper parameter payoff percent period players predictions preferences price vector profits Proposition quantiles regression relative supply residual residual variance risk aversion rounds sample Section skills smoking social security standard strategy subsidy Table tariff Theorem tion topcode users utility functions variables variance wage inequality Walrasian equilibrium welfare workers zero