Showing 1 - 10 of 159
In this paper we estimate the effect of education on lifetime earnings in Europe, by distinguishing between individuals who lived in rural or urban areas during childhood and between individuals who had access to many or few books at age ten. We instrument years of education using reforms of...
Persistent link: https://www.econbiz.de/10009652526
In the large empirical literature that investigates the causal effects of education on outcomes such as health, wages and crime, it is customary to measure education with years of schooling, and to identify these effects using the exogenous variation provided by school reforms increasing...
Persistent link: https://www.econbiz.de/10010685862
This paper estimates the impact of adolescent attitudes and behaviors - academic motivation as assessed by the child herself and behavioral problems as assessed by the mother or the teacher of the child at age 16 - on adult attitudes and behaviors including illegal drugs consumption, smoking,...
Persistent link: https://www.econbiz.de/10010702041
This occasional paper explains why the bank lending survey was developed by the ECB and describes its main features. It discusses the importance of credit developments for both the economy and the functioning of monetary policy, and further clarifies why the survey was introduced. Furthermore,...
Persistent link: https://www.econbiz.de/10005530667
This paper analyses the impact that firms financial position has on investment decisions using panel data from a large sample of non-financial corporations(around 120,000 firms) in six euro area countries(Belgium, Germany, France, Italy, the Netherlands and Spain). The results indicate that...
Persistent link: https://www.econbiz.de/10004969151
This paper investigates whether financial obstacles, and, more generally, financial pressure faced by firms, significantly affect firm growth. For this purpose, we use an unbalanced panel of about 1,000,000 observations for around 155,000 non-financial corporations in five euro area countries....
Persistent link: https://www.econbiz.de/10004969187
Persistent link: https://www.econbiz.de/10011267969
This paper aims at analyzing the impact of Employment Protection Legislation (EPL) on firms' investment policies in the contemporaneous presence of financial imperfections. Our results show that investment is significantly affected by the presence of both market imperfections; they are robust to...
Persistent link: https://www.econbiz.de/10010729843
type="main" xml:lang="en" <p>The multimarket contact hypothesis holds that more contacts between firms competing in the same markets may induce more collusion. This paper tests the hypothesis for the Italian banking market, analysing the behaviour of the largest Italian banks from 1990 to 1996....</p>
Persistent link: https://www.econbiz.de/10011033616
This paper analyses the impact that firms' financial position has on investment decisions using panel data from a large sample of non-financial corporations (around 120,000 firms) in six euro area countries (Belgium, Germany, France, Italy, the Netherlands and Spain). The results indicate that...
Persistent link: https://www.econbiz.de/10005022228