منابع مشابه
Windfall Gains and Stock Market Participation
We estimate the causal effect of wealth on stock market participation using administrative data on Swedish lottery players. A $150,000 windfall gain increases stock ownership probability among pre-lottery non-participants by 12 percentage points, while pre-lottery stock holders are unaffected. The effect is immediate, seemingly permanent and heterogeneous in intuitive ways. Standard lifecycle m...
متن کاملEntrepreneurship, Windfall Gains and Financial Constraints: The Case of Germany
In this paper we investigate the link between entrepreneurship and financial constraints. We develop a dynamic partial equilibrium model of an individual utility maximization that predicts that the person is more likely to start her business when financial constraints are eased. We test this hypothesis using German Socio-Economic Panel data covering the periods 2000–2002 and measure release fro...
متن کاملcomparative analysis of the use of hedges & emphatics in english and persian academic research articles of sociology & psychology
چکیده ندارد.
15 صفحه اولAfter the windfall.
T he good times are over in global health funding. After a decadelong surge, spending has plateaued—and the effects are being felt around the world. Investments in health for poor and middle-income countries began growing in the 1990s, then exploded after the turn of the century, as the graph below shows. Rich countries stepped up their donations, with much of the funding channeled through new ...
متن کاملSelf-employment and windfall gains in Britain: Evidence from panel data
Liquidity constraints can affect self-employment in a number of ways. They can prohibit potential entrepreneurs from starting up in business, they can restrict the growth of existing entrepreneurial activities and, in the extreme, they can result in small business failure. This paper uses British panel data to investigate the effects of relaxing liquidity constraints on selfemployment through t...
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ژورنال
عنوان ژورنال: Organizational Behavior and Human Decision Processes
سال: 1994
ISSN: 0749-5978
DOI: 10.1006/obhd.1994.1063