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  • 1
    UID:
    b3kat_BV040619053
    Format: 1 Online-Ressource (1 online resource (31 p.))
    Edition: Online-Ausgabe World Bank E-Library Archive Sonstige Standardnummer des Gesamttitels: 041181-4
    Content: This paper estimates the impact of registering for taxes on firm profits in Bolivia, the country with the highest levels of informality in Latin America. A new survey of micro and small firms enables the authors to control for a rich set of measures of owner ability and business motivations that can affect both profits and the decision to formalize. The paper identifies the impact of tax registration on business profitability using the distance of a firm from the tax office where registration occurs, conditional on the distance to the city center, as an instrument for registration. Proximity to the tax office provides firms with more information about registration, but is argued to not directly affect profits. The findings show that tax registration leads to significantly higher profits for the firms that the instrument affects. However, there is also evidence of heterogeneous effects of tax formality on profits. Tax registration is found to increase profits for the mid-size firms in the sample, but to lower profits for both the smaller and larger firms, in contrast to the standard view that formality increases profits. The analysis shows that owners of large firms who have managed to stay informal have higher entrepreneurial ability than formal firm owners, in contrast to the standard view (correct among smaller firms) that informal firm owners have low ability
    Note: Weitere Ausgabe: McKenzie, David : Does It Pay Firms To Register For Taxes ?
    Additional Edition: Reproduktion von McKenzie, David Does It Pay Firms To Register For Taxes ? 2008
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 2
    UID:
    b3kat_BV040617458
    Format: 1 Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausgabe World Bank E-Library Archive Sonstige Standardnummer des Gesamttitels: 041181-4
    Content: Mckenzie econometrically ascertains the determinants of default to the International Bank for Reconstruction and Development (IBRD) through panel logit analysis. Creditworthiness with a lag of one period is determined by the extent of arrears to private creditors, the proportion of total debt service that is being paid, the government budget deficit, the extent of military involvement in the government of a country, and by the G7's current account balance. Default to the IBRD falls into a graduated hierarchy, whereby default occurs first to Paris Club and commercial bank creditors, with subsequent default triggered by portfolios with high proportions of IBRD and short-term debt, as well as the factors mentioned above. Default to these other creditor groups can be explained by more traditional country risk variables, although Mckenzie's analysis highlights the importance of political and external factors in explaining default to all creditors studied. He finds sovereign default to be a state-dependent process, whereby the repayment behavior of a country changes once it enters into default. Operationally, Mckenzie arrives at a model that can be used to assess short-term creditworthiness, although data imperfections and availability still limit the usefulness of the model for some countries. Longer-term risk assessment proves more difficult, which raises operational questions for the IBRD. This paper—a product of the Credit Risk Division, Office of the Senior Vice President and Chief Financial Officer—is part of a larger effort in the Bank to monitor the creditworthiness of IBRD borrowers. The author may be contacted at mcken@stanford.edu
    Note: Weitere Ausgabe: Mckenzie, David: An Econometric Analysis of the Creditworthiness of IBRD Borrowers
    Additional Edition: Reproduktion von Mckenzie, David An Econometric Analysis of the Creditworthiness of IBRD Borrowers 2002
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 3
    UID:
    b3kat_BV040618626
    Format: 1 Online-Ressource (1 online resource (31 p.))
    Edition: Online-Ausgabe World Bank E-Library Archive Sonstige Standardnummer des Gesamttitels: 041181-4
    Content: The paper uses individual level census and household survey data to present a rich profile of the young developing migrants around the world. Youth are found to comprise a large share of all migrants, particularly in migration to other developing countries, with the probability of migration peaking in the late teens or early twenties. The paper examines in detail the age and gender composition of migrants, whether young migrants move alone or with a parent or spouse, their participation in schooling and work in the destination country, the types of jobs they do, and the age of return migration. The results suggest a high degree of commonality in the youth migrant experience across a number of destination countries. In particular, developing country youth tend to work in similar occupations all around the world, and are more concentrated in these occupations than older migrants or native youth. Nevertheless, there is also considerable heterogeneity among youth migrants: 29 percent of 18 to 24 year olds are attending school in their destination country, but another 29 percent are not working or in school. This illustrates both the potential of migration for building human capital, and the fear that lack of integration prevents it from being used
    Note: Weitere Ausgabe: McKenzie, David J: A Profile of The World's Young Developing Country Migrants
    Additional Edition: Reproduktion von McKenzie, David J. A Profile of The World's Young Developing Country Migrants 2006
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 4
    UID:
    b3kat_BV040619023
    Format: 1 Online-Ressource (1 online resource (44 p.))
    Edition: Online-Ausgabe World Bank E-Library Archive Sonstige Standardnummer des Gesamttitels: 041181-4
    Content: Few representative surveys of households of migrants exist, limiting the analysis of the effects of international migration on sending families. This paper reports the results of an experiment designed to compare the performance of three alternative survey methods in collecting data from Japanese-Brazilian families, many of whom send migrants to Japan. The three surveys conducted were 1) Households selected randomly from a door-to-door listing using the Brazilian Census to select census blocks; 2) A snowball survey using Nikkei community groups to select the seeds; and 3) An intercept point survey collected at Nikkei community gatherings, ethnic grocery stores, sports clubs, and other locations where family members of migrants are likely to congregate. The authors analyze how closely well-designed snowball and intercept point surveys can approach the much more expensive census-based method in terms of giving information on the characteristics of migrants, the level of remittances received, and the incidence and determinants of return migration
    Note: Weitere Ausgabe: McKenzie, David J: Surveying Migrant Households
    Additional Edition: Reproduktion von McKenzie, David J. Surveying Migrant Households 2007
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 5
    UID:
    b3kat_BV040618746
    Format: 1 Online-Ressource (1 online resource (34 p.))
    Edition: Online-Ausgabe World Bank E-Library Archive Sonstige Standardnummer des Gesamttitels: 041181-4
    Content: Millions of people emigrate every year in search of better economic and social opportunities. Anecdotal evidence suggests that emigrants may have over-optimistic expectations about the incomes they can earn abroad, resulting in excessive migration pressure, and in disappointment among those who do migrate. Yet there is almost no statistical evidence on how accurately these emigrants predict the incomes that they will earn working abroad. In this paper the authors combine a natural emigration experiment with unique survey data on would-be emigrants' probabilistic expectations about employment and incomes in the migration destination. Their procedure enables them to obtain moments and quantiles of the subjective distribution of expected earnings in the destination country. The authors find a significant underestimation of both unconditional and conditional labor earnings at all points in the distribution. This underestimation appears driven in part by potential migrants placing too much weight on the negative employment experiences of some migrants, and by inaccurate information flows from extended family, who may be trying to moderate remittance demands by understating incomes
    Note: Weitere Ausgabe: McKenzie, David: A Land of Milk And Honey With Streets Paved With Gold
    Additional Edition: Reproduktion von McKenzie, David A Land of Milk And Honey With Streets Paved With Gold 2007
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 6
    UID:
    b3kat_BV040618800
    Format: 1 Online-Ressource (1 online resource (29 p.))
    Edition: Online-Ausgabe World Bank E-Library Archive Sonstige Standardnummer des Gesamttitels: 041181-4
    Content: Distance and location are important determinants of many choices that economists study. While these variables can sometimes be obtained from secondary data, economists often rely on information that is self-reported by respondents in surveys. These self-reports are used especially for the distance from households or community centers to various features such as roads, markets, schools, clinics, and other public services. There is growing evidence that self-reported distance is measured with error and that these errors are correlated with outcomes of interest. In contrast to self-reports, the Global Positioning System (GPS) can determine almost exact location (typically within 15 meters). The falling cost of GPS receivers (typically below US
    Note: Weitere Ausgabe: McKenzie, David : Using The Global Positioning System In Household Surveys For Better Economics And Better Policy
    Additional Edition: Reproduktion von McKenzie, David Using The Global Positioning System In Household Surveys For Better Economics And Better Policy 2007
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 7
    UID:
    b3kat_BV049074718
    Format: 1 Online-Ressource
    Edition: Online-Ausg Also available in print
    Series Statement: Discussion paper no. 2087
    Content: "Measuring the gain in income from migration is complicated by non-random selection of migrants from the general population, making it hard to obtain an appropriate comparison group of non-migrants. This paper uses a migrant lottery to overcome this problem, providing an experimental measure of the income gains from migration. New Zealand allows a quota of Tongans to immigrate each year with a lottery used to choose amongst the excess number of applicants. A unique survey conducted by the authors in these two countries allows experimental estimates of the income gains from migration to be obtained by comparing the incomes of migrants to those who applied to migrate, but whose names were not drawn in the lottery, after allowing for the effect of noncompliance among some of those whose names were drawn. We also conducted a survey of individuals who did not apply for the lottery. Comparing this non-applicant group to the migrants enables assessment of the degree to which non-experimental methods can provide an unbiased estimate of the income gains from migration. We find evidence of migrants being positively selected in terms of both observed and unobserved skills. As a result, non-experimental methods are found to overstate the gains from migration, by 9 to 82 percent. A good instrumental variable works best, while difference-in-differences and bias-adjusted propensity-score matching also perform comparatively well"--Forschungsinstitut zur Zukunft der Arbeit web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 4/21/2006
    Additional Edition: McKenzie, David J How important is selection? experimental vs. non-experimental measures of the income gains from migration
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 8
    UID:
    b3kat_BV040618876
    Format: 1 Online-Ressource (1 online resource (16 p.))
    Edition: Online-Ausgabe World Bank E-Library Archive Sonstige Standardnummer des Gesamttitels: 041181-4
    Content: This paper reviews common challenges faced by researchers interested in measuring the impact of migration and remittances on income, poverty, inequality, and human capital (or, in general, "welfare") as well as difficulties confronting development practitioners in converting this research into policy advice. On the analytical side, the paper discusses the proper formulation of a research question, the choice of the analytical tools, as well as the interpretation of the results in the presence of pervasive endogeneity in all decisions surrounding migration. Particular attention is given to the use of instrumental variables in migration research. On the policy side, the paper argues that the private nature of migration and remittances implies a need to carefully spell out the rationale for interventions. It also notices the lack of good migration data and proper evaluations of migration-related government policies. The paper focuses mainly on microeconomic evidence about international migration, but much of the discussion extends to other settings as well
    Note: Weitere Ausgabe: Sasin, Marcin J : Migration, remittances, poverty, and human capital
    Additional Edition: Reproduktion von Sasin, Marcin J. Migration, remittances, poverty, and human capital 2007
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 9
    UID:
    b3kat_BV040619239
    Format: 1 Online-Ressource (1 online resource (35 p.))
    Edition: Online-Ausgabe World Bank E-Library Archive Sonstige Standardnummer des Gesamttitels: 041181-4
    Content: Is the vast army of the self-employed in low income countries a source of employment generation? This paper uses data from surveys in Sri Lanka to compare the characteristics of own account workers (non-employers) with wage workers and with owners of larger firms. The authors use a rich set of measures of background, ability, and attitudes, including lottery experiments measuring risk attitudes. Consistent with the International Labor Organization's views of the self employed (represented by Tokman), the analysis finds that two-thirds to three-quarters of the own account workers have characteristics which are more like wage workers than larger firm owners. This suggests the majority of the own account workers are unlikely to become employers. Using a two and a half year panel of enterprises, the authors show that the minority of own account workers who are more like larger firm owners are more likely to expand by adding paid employees. The results suggest that finance is not the sole constraint to growth of microenterprises, and provides an explanation for the low rates of growth of enterprises supported by microlending
    Note: Weitere Ausgabe: de Mel, Suresh : Who Are The Microenterprise Owners?
    Additional Edition: Reproduktion von de Mel, Suresh Who Are The Microenterprise Owners? 2008
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 10
    UID:
    b3kat_BV040618834
    Format: 1 Online-Ressource (1 online resource (29 p.))
    Edition: Online-Ausgabe World Bank E-Library Archive Sonstige Standardnummer des Gesamttitels: 041181-4
    Content: A large share of the world's poor is self-employed. Accurate measurement of profits from microenterprises is therefore critical for studying poverty and inequality, measuring the returns to education, and evaluating the success of microfinance programs. But a myriad of problems plague the measurement of profits. The authors report on a variety of different experiments conducted to better understand the importance of some of these problems and to draw recommendations for collecting profit data. In particular, they (1) examine how far we can reconcile self-reported profits and reports of revenue minus expenses through more detailed questions; (2) examine recall errors in sales and report on the results of experiments which randomly allocated account books to firms; and (3) ask firms how much firms like theirs underreport sales in surveys like this, and have research assistants observe the firms at random times 15-16 times during a month to provide measures for comparison. The authors conclude that firms underreport revenues by about 30 percent, that account diaries have significant effects on both revenues and expenses but not on profits, and that simply asking profits provides a more accurate measure of firm profits than detailed questions on revenues and expenses
    Additional Edition: Reproduktion von Woodruff, Christopher Measuring Microenterprise Profits 2007
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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