This study uses evidence from World Bank enterprise surveys of a sample of firms from six countries in Southern Europe. It examines the early evidence of the effects of Covid-19 on labour markets. The evidence and the analysis are provided at a time when the pandemic is still in progress. The...

In dieser Studie berichtet das ZEW über das Gründungs- und Schließungsgeschehen in Deutschland bis zum Jahr 2019, differenziert für die einzelnen Bundesländer und im Vergleich zu anderen europäischen Ländern bis zum Jahr 2018. Zudem wird die Entwicklung des Wagniskapitalmarktes...

This study uses evidence from World Bank enterprise surveys of a sample of firms from six countries in Southern Europe. It examines the early evidence of the effects of Covid-19 on labour markets. The evidence and the analysis are provided at a time when the pandemic is still in progress. The...

The problem of textile industry started with the economic recession of the 1980s and was aggravated by globalization coupled with poor infrastructure and Nigerians perception of made in Nigeria goods. This helped the foreign multi-national textile manufacturing giants to dominate Nigeria textile...

We study the consequences of mothers' and fathers' job loss for parents, families, and children. Rich Swedish register data allow us to identify plant closures and account for non-random selection of workers to closing plants by using propensity score matching and controlling for...

This article analyzes the development of employment levels and worker flows before bankruptcies, plant closure without bankruptcies and mass layoffs. Utilizing administrative plant-level data for Germany, we find no systematic employment reductions prior to mass layoffs, a strong and...

Evidence suggests that hospital mergers can reduce costs but less is known about their effects on patient outcomes. We study how a wave of mergers that led to the shutdown of one third of all Swedish maternity wards affected the health of mothers who gave birth and their newborns. Applying a...

We establish that the labor market helps discipline asset managers via the impact of fund liquidations on their careers. Using hand-collected data on 1,948 professionals, we find that top managers working for funds liquidated after persistently poor relative performance suffer demotion coupled...

This paper studies the effects of firm closures associated with bankruptcies on the employment status and wages of prime-age and older workers using Dutch administrative data for the period 2000–2011. Applying difference-in-differences techniques and non-parametric matching, we find adverse...

An important assumption underlying the designation of some insurers as systemically important is that their overlapping portfolio holdings can result in common selling. We measure the overlap in holdings using cosine similarity, and show that insurers with more similar portfolios have larger...

Social networks may affect workers' labor market outcomes. Using rich spatial data from administrative records, we analyze whether the employment status of neighbors influences the employment probability of a worker who lost his job due to a plant closure and the channels through which this...

Der beschlossene Atomausstieg der Bundesregierung wird zu einem erheblichen Anstieg an kerntechnischen Rückbauprojekten führen. Der Rückbau kerntechnischer Anlagen muss dabei den Anforderungen des Strahlenschutzes gerecht werden. Die vorliegende Arbeit beschäftigt sich mit den...

In the first article, I examine managers' decision to pay dividends with a dynamic cash model. The model departs from the Modigliani and Miller world according to two dimensions: Agency costs and financing frictions. In this paper, I show that managers with more valuable outside options pay more...

Within a financial market where a risk-free bond and a long-lived risky asset are exchanged by investors with heterogeneous trading rules, we assume that the investors most exposed to the risky asset are subject to joint liquidation needs. The latter encompass a risk whenever the market impact...

Why does job displacement, e.g., following import competition, technological change, or economic downturns, result in permanent wage losses? The job displacement literature is silent on whether wage losses after job displacement are driven by lost firm wage premiums or worker productivity...