In the wake of the global financial crisis, several macroeconomic contributions have highlighted the risks of excessive credit expansion. In particular, too much finance can have a negative impact on growth. We examine the microeconomic foundations of this argument, positing a non-monotonic...

There has been much interest across the social sciences in the link between young people's socioemotional (non-cognitive) skills and their educational achievement. But much of this research has focused upon the role of the Big Five personality traits. This paper contributes new evidence by...