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A Structural Empirical Model of Firm Growth, Learning, and Survival

Abbring, Jaap H.; Campbell, Jeffrey R. - 2003

We present a structural model of firm growth, learning, and survival and consider its identification and estimation. In the model, entrepreneurs have private and possibly errorridden observations of persistent and transitory shocks to profit. We demonstrate that the model's parameters can be...

Persistent link: https://www.econbiz.de/10010262756

A Structural Empirical Model of Firm Growth, Learning, and Survival

Abbring, Jaap H.; Campbell, Jeffrey R. - Institute for the Study of Labor (IZA) - 2003

Persistent link: https://www.econbiz.de/10005703362

Effects of Credit Supply on Unemployment and Inequality

Bandyopadhyay, Subhayu; Dinopoulos, Elias; Unel, Bulent - 2016

The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We propose a simple model where firms producing varieties face labor-market frictions and credit constraints. In the model, tighter credit leads to lower output, lower number of...

Persistent link: https://www.econbiz.de/10011524937

Do the Higher Educated Unemployed Crowd Out the Lower Educated Ones in a Competition for Jobs?

Cockx, Bart Leo Wim; Dejemeppe, Muriel - 2002

This paper proposes a new method to estimate the extent of job competition between workers with different schooling …

Persistent link: https://www.econbiz.de/10010272731

The effect of product market competition on job instability

Aparicio Fenoll, Ainhoa - 2011

This paper assesses the impact of product market competition on job instability as proxied by the use of fixed … Strategies Survey, I show that job instability rises with competition. In particular, a one standard deviation increase in … competition in an economic sector decreases the probability that a fixed-term worker gets an open-ended contract within that …

Persistent link: https://www.econbiz.de/10010278548

Do SBA Loans Create Jobs?

Brown, J. David; Earle, John S. - 2013

Small Business Administration (SBA) loans have long been one of the most significant policy interventions in the U.S. affecting firm behavior, but little is known about their outcomes. This paper estimates the effects on employment using a list of all SBA loans linked to annual data on all U.S....

Persistent link: https://www.econbiz.de/10010319511

Reputation and credit market formation: how relational incentives and legal contract enforcement interact

Fehr, Ernst; Zehnder, Christian - 2009

The evidence suggests that relational contracting and legal rules play an important role in credit markets but on the basis of the prevailing field data it is difficult to pin down their causal impact. Here we show experimentally that relational incentives are a powerful causal determinant for...

Persistent link: https://www.econbiz.de/10010269410

Finance and Growth at the Firm Level: Evidence from SBA Loans

Brown, J. David; Earle, John S. - 2015

We analyze linked databases on all Small Business Administration (SBA) loans, on all SBA lenders, and on all U.S. employers to estimate the effects of financial access on employment growth. Our methods combine regressions with matching on firm age, size, industry, year, and employment history,...

Persistent link: https://www.econbiz.de/10011307476

Mortgage Finance and Culture

Rodríguez-Planas, Núria - 2018

Using a nationally representative sample of 12,344 immigrants from 41 different countries of ancestry living in Spain in 2007, we find that the higher the housing-loan penetration in the country of ancestry, the higher the likelihood of having a mortgage in Spain. Similarly, the higher the...

Persistent link: https://www.econbiz.de/10011816588

Does the Community Reinvestment Act Increase Small Business Lending in Lower Income Neighborhoods?

Kim, Mee Jung; Lee, Kyung Min; Earle, John S. - 2021

We estimate the impact of the Community Reinvestment Act (CRA) on small business lending in lower-income neighborhoods. Using 2004-2016 panel data on census tracts, we apply a combined regression discontinuity and fixed effect method. We find that the number of small business loans increases by...

Persistent link: https://www.econbiz.de/10012658260