Filtern
Erscheinungsjahr
- 2007 (22) (entfernen)
Dokumenttyp
- Research Paper (13)
- Bericht (5)
- Dissertation (2)
- Wissenschaftlicher Artikel (1)
- Diplomarbeit (1)
Sprache
- Englisch (22) (entfernen)
Volltext vorhanden
- ja (22) (entfernen)
Schlagworte
- Export (5)
- Produktivität (5)
- productivity (5)
- Exports (4)
- Personenbezogene Daten (4)
- micro data (4)
- Deutschland (3)
- Discrimination (2)
- Diskriminierung (2)
- Elfter September (2)
- Germany (2)
- September 11th (2)
- ecosystem services (2)
- Ökonomie <Begriff> (2)
- Abwasseranalyse (1)
- Agrarplanung (1)
- Agrarökosystem (1)
- Anfang (1)
- Arbeitslosigkeit (1)
- Arbeitsproduktivität (1)
- Arbeitspsychologie (1)
- Ausfuhrüberschuss (1)
- Ballungsraum (1)
- Berufswahl (1)
- Beschäftigung (1)
- Biodiversität (1)
- DSGE model (1)
- Deregulierung (1)
- East Germany (1)
- Eductive Stability (1)
- Einkommensunterschied (1)
- Einkommensverteilung (1)
- Emission (1)
- Ende (1)
- Energieweltwirtschaft (1)
- Entry (1)
- Environmental Monitoring (1)
- Erwartung (1)
- Exit from unemployment (1)
- Export entry (1)
- Export-sales ratio (1)
- Forschung und Entwicklung (1)
- Integration (1)
- Internationaler Wettbewerb (1)
- Islam (1)
- Islamistic terror (1)
- Kreditkontrolle (1)
- Learning (1)
- Lernen (1)
- Machado/Mata decomposition (1)
- Monopolistic Competition (1)
- Monopolistische Konkurrenz (1)
- Nachhaltigkeit (1)
- Natürliches Monopol (1)
- Ostdeutschland (1)
- Personalauswahl (1)
- Persönlichkeit (1)
- Politische Verfolgung (1)
- Product Differentiation (1)
- Produktdifferenzierung (1)
- R&D (1)
- Rational Expectations (1)
- Selbständigkeit (1)
- Staatstätigkeit (1)
- Stabilität (1)
- Umweltbezogenes Management (1)
- Umweltplanung (1)
- Umweltökonomie (1)
- Umweltüberwachung (1)
- Unsicherheit (1)
- Versicherung (1)
- Wasserwirtschaft (1)
- Wasserzyklus (1)
- Water Recycling (1)
- Water Resources Management (1)
- Wertpapieremission (1)
- West Germany (1)
- Westdeutschland (1)
- World Wide Web 2.0 (1)
- agglomeration (1)
- agro-biodiversity (1)
- agro-ecosystem management (1)
- continuous treatment (1)
- credit constraints (1)
- deregulation (1)
- dose-response function (1)
- dynamic economy-environment interaction (1)
- earnings differential (1)
- ecological-economic systems (1)
- employment (1)
- environmental manager (1)
- environmental strategy (1)
- exit (1)
- export exit (1)
- insurance (1)
- integration (1)
- international comparison (1)
- labour productivity (1)
- multi-pollutant emissions (1)
- natural monopoly (1)
- non-monotonic control (1)
- occupational choice (1)
- optimal scale (1)
- personality measures (1)
- personnel selection (1)
- power industry (1)
- public inputs (1)
- quantile regression decomposition (1)
- risk-aversion (1)
- self-employment (1)
- stock pollution (1)
- sustainability (1)
- uncertainty (1)
- viability (1)
- wages (1)
- wealth distribution (1)
- Ökologie (1)
- Ökosystem (1)
Credit Constraints, Idiosyncratic Risks, and Wealth Distribution in a Heterogeneous Agent Model
(2007)
This paper examines the effects of credit market imperfections and idiosyncratic risks on occupational choice, capital accumulation, as well as on the income and wealth distribution in a two sector heterogeneous agent general equilibrium model. Workers and firm owners are subject to idiosyncratic shocks. Entrepreneurship is the riskier occupation. Compared to an economy with perfect capital markets, we find for the case of serially correlated shocks that more individuals choose the entrepreneurial profession in the presence of credit constraints, and that the fluctuation between occupations increases too. Workers and entrepreneurs with high individual productivity tend to remain in their present occupation, whereas low productivity individuals are more likely to switch between professions. Interestingly, these results reverse if we assume iid shocks, thus indicating that the nature of the underlying shocks plays an important role for the general equilibrium effects. In general, the likelihood of entrepreneurship increases with individual wealth.
Agro-biodiversity can provide natural insurance to risk averse farmers. We employ a conceptual ecological-economic model to analyze the choice of agrobiodiversity by risk averse farmers who have access to financial insurance. We study the implications for individually and socially optimal agro-ecosystem management and policy design when on-farm agro-biodiversity, through ecosystem processes at higher hierarchical levels, generates a positive externality on other farmers. We show that for the individual farmer natural insurance from agro-biodiversty and financial insurance are substitutes. While an improved access to financial insurance leads to lower agro-biodiversity, the e_ects on the market failure problem (due to the external benefits of on-farm agro-biodiversity) and on welfare are determined by properties of the agro-ecosystem and agro-biodiversity’s external benefits. We derive a specific condition on agro-ecosystem functioning under which, if financial insurance becomes more accessible, welfare in the absence of regulation increases or decreases.