Similar Search Results

Careers and Wages in Family Firms : Evidence from Matched Employer-Employee Data

Di Porto, Edoardo; Pagano, Marco; Pezone, Vincenzo; … - National Bureau of Economic Research - 2024

We investigate compensation policies in family and non-family firms using a novel employer-employee matched dataset comprising nearly the universe of Italian incorporated firms and ownership information. Family firms pay significantly lower wages and offer slower and less rewarding careers....

Persistent link: https://www.econbiz.de/10015171622

Judging Banks' Risk by the Profits They Report

Meiselman, Ben S.; Nagel, Stefan; Purnanandam, Amiyatosh - National Bureau of Economic Research - 2023

In competitive capital markets, risky debt claims that offer high yields in good times have high systematic risk exposure in bad times. We apply this idea to bank risk measurement. We find that banks with high accounting return on equity (ROE) prior to a crisis have higher systematic tail risk...

Persistent link: https://www.econbiz.de/10014337867

China's Financial System and Economy : A Review

He, Zhiguo; Wei, Wei - National Bureau of Economic Research - 2022

China's financial system has been integral to its spectacular economic growth over the past 40 years. We review the recent literature on China's financial system and its connections to the Chinese economy based on the categories of Aggregate Financing to the Real Economy (AFRE), a broad measure...

Persistent link: https://www.econbiz.de/10013361979

The Debt-Inflation Channel of the German Hyperinflation

Brunnermeier, Markus Konrad; Correia, Sergio A.; Luck, … - National Bureau of Economic Research - 2023

inflation experienced a larger decline in interest expenses, a relative increase in their equity values, and higher employment …

Persistent link: https://www.econbiz.de/10014322686

The Outlook for Women's Employment and Labor Force Participation

Albanesi, Stefania - National Bureau of Economic Research - 2023

Employment and participation rates for US prime age women rose steadily during the second half of the 20th century. In … the last 30 years, however, those rates stagnated, even as employment and participation rates for women in other … barriers, such as limited investment in family policies, that may be holding back employment among American women today. The …

Persistent link: https://www.econbiz.de/10014437047

Creative Destruction? Impact of E-Commerce on the Retail Sector

Chava, Sudheer; Oettl, Alexander; Singh, Manpreet; … - National Bureau of Economic Research - 2022

(employment) at proximate stores decrease by 4% (2.1%). Exits, especially of young and small stores, increase, and entry decreases …

Persistent link: https://www.econbiz.de/10013210105

Do Double Majors Face Less Risk? : An Analysis of Human Capital Diversification

Hanks, Andrew S.; Jiang, Shengjun; Qian, Xuechao; Wang, Bo - National Bureau of Economic Research - 2024

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 different model specifications and data sets....

Persistent link: https://www.econbiz.de/10014468295

Systemic Risk Measures : Taking Stock from 1927 to 2023

Acharya, Viral V.; Brunnermeier, Markus Konrad; … - National Bureau of Economic Research - 2024

We assess the efficacy of systemic risk measures that rely on U.S. financial firms' stock return co-movements with market- or sector-wide returns under stress from 1927 to 2023. We ascertain stress episodes based on widening of corporate bond spreads and narrative dating. Systemic risk measures...

Persistent link: https://www.econbiz.de/10015145161

Data and Welfare in Credit Markets

Jansen, Mark; Nagel, Fabian; Yannelis, Constantine; … - National Bureau of Economic Research - 2022

We show how to measure the welfare effects arising from increased data availability. When lenders have more data on prospective borrower costs, they can charge prices that are more aligned with these costs. This increases total social welfare, and transfers surplus from borrowers to lenders. We...

Persistent link: https://www.econbiz.de/10013334452

Is the Decline in the Number of Community Banks Detrimental to Community Economic Development?

Minton, Bernadette A.; Taboada, Alvaro G.; Williamson, Rohan - National Bureau of Economic Research - 2024

Our research examines the impact of dwindling community bank numbers on community investment and economic development. Initially, we confirm the vital role of community banks' small business lending in local development. Contrary to popular belief, we find that a decrease in community banks...

Persistent link: https://www.econbiz.de/10014544798