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This paper surveys a broad range of studies and highlights the main findings of the empirical literature regarding business finance and productivity. Numerous studies analyse the productivity effects of financial development and frictions. The results suggest: 1) Financial development likely has...
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We study how human capital diversification, in the form of double majoring, affects the response of earnings to labor … market shocks. Double majors experience substantial protection against earnings shocks, of 56%. This finding holds across …
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