This paper seeks to provide new insight into employer-provided training investment and how they are linked to workplace practices, physical capital investments, and educational qualifications of workers. Using a new and unique nationally representing survey of establishments in the US, we go...

Credit card lenders have been writing off loans at sharply higher rates since 1995, suggesting that riskier borrowers are acquiring credit cards. What makes the new borrowers riskier - even more than their personal characteristics and attitudes toward debt - is the fact that they carry higher...

The literature is divided on the expected effects of increased competition and consolidation in the financial sector on the supply of credit to relationship borrowers. This paper tests whether policy changes fostering competition and consolidation in U.S. banking helped or harmed entrepreneurs....

Recent papers have argued that both competition and consolidation may reduce small- and new-business lending; competition by weakening incentives to collect private information, and consolidation by destroying existing relationships and marginalizing small banks. This paper uses state-level...