Journal Articles 1980–1999

This paper studies the effects of the Swedish investment funds system (IF) on the cost of capital. It is shown that the incentive effects critically depend on which "regime" the firm is in when the fu…

Experiments, where prospective participants are randomly assigned into experimental and control groups, are often regarded as the ideal approach to evaluation of manpower policies. This examination sh…

We modify the basic self-selection model for the effects of education, training, unions, and other activities on wages, by including "heterogeneity of rewards" to the activity -i.e., differences acros…

The effects of the Swedish 1983-85 tax reform are analyzed with respect to the housing market. A microsimulation model is used which takes into account the household's tenure choice (owning vs. rentin…

Microdata are used in this paper to analyze the effects of unemployment on mental health. The analysis is done in two steps. First, cross-section data of labor force participants are analyzed. It appe…

Considerable empirical work on investment behavior makes use of a capital cost variable to capture the effects of various corporate tax allowances. The assumption behind most of this work is that all…

A dynamic model of industry equilibrium is presented which shows how growth, entry and exit of firms are interrelated. By taking into account the fact that a firm's profitability is to some degree sub…

In simulation experiments for the Swedish economy, the impact of a future oil-price shock was measured in terms of the required stabilization policies, and the possibility of insuring against such pri…

A simple model is lIsed to explore the etTects of "inereasing demand risk" on busine~s fixed investment. We show that within a putty-c1ay framework an increase in demand uncertAinty can be expected to…

The price sensitivity of energy demand and the substitution possibilities between energy and other aggregate production factors in Swedish manufacturing industries are analyzed. Both homothetic and no…

Recent research on the unobserved economy suggests that the phenomenon has important implications for both macroeconomic policy and public finance. Attention is focused on the public finance implicati…

The effects of inflation, via taxes, on the firm's cost of capital are analyzed. The taxes are the corporate income tax and household taxes on dividends and capital gains. The costs of equity and debt…

Age-earnings profiles are compared across three countries: Japan, Sweden and the United States. Dynamic changes in period, age and cohort characteristics and permanent differences across countries are…

The effects of taxation on the behavior of firms are examined in this paper. Earlier studies of this issue have concluded that, given certainty and true economic depreciation, corporate taxes have no…

An econometric model of the labor market for Swedish industrial workers has been developed and estimated. The model consists of ten stochastic equations. It focuses on the flows between the stocks of…