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When Credit Dries Up: Job Losses in the Great Recession

Bentolila, Samuel; Jansen, Marcel; Jiménez, Gabriel; … - Institute for the Study of Labor (IZA) - 2013

We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked differences in banks' health at the onset of the Great Recession. Several weak banks were rescued by the State and they reduced credit more than other banks. We compare...

Persistent link: https://www.econbiz.de/10010722699

Microeconomic Evidence of Creative Destruction in Industrial and Developing Countries

Bartelsman, Eric; Haltiwanger, John; Scarpetta, Stefano - Institute for the Study of Labor (IZA) - 2004

In this paper we provide an analysis of the process of creative destruction across 24 countries and 2-digit industries over the past decade. We rely on a newly assembled dataset that draws from different micro data sources (business registers, census, or representative enterprise surveys). The...

Persistent link: https://www.econbiz.de/10005703134

Personal Bankruptcy Law, Wealth and Entrepreneurship: Theory and Evidence from the Introduction of a "Fresh Start"

Fossen, Frank M. - Institute for the Study of Labor (IZA) - 2011

A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in … entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy … forgiving personal bankruptcy law are less relevant for wealthy potential entrepreneurs who still risk losing their wealth, but …

Persistent link: https://www.econbiz.de/10008804593

A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler

Goolsbee, Austan D.; Krueger, Alan B. - Institute for the Study of Labor (IZA) - 2015

This paper takes a retrospective look at the U.S. government's effort to rescue and restructure General Motors and Chrysler in the midst of the 2009 economic and financial crisis. The paper describes how two of the largest industrial companies in the world came to seek a bailout from the U.S....

Persistent link: https://www.econbiz.de/10011196652

The Heterogeneous Effects of Workforce Diversity on Productivity, Wages and Profits

Garnero, Andrea; Rycx, Francois - Institute for the Study of Labor (IZA) - 2013

We estimate the impact of workforce diversity on productivity, wages and productivity-wage gaps (i.e. profits) using detailed Belgian linked employer-employee panel data. Findings, robust to a large set of covariates, specifications and econometric issues, show that educational (age) diversity...

Persistent link: https://www.econbiz.de/10010990939

Do Business Groups Help or Hinder Technological Progress in Emerging Markets? Evidence from India

Bhaumik, Sumon K.; Zhou, Ying - Institute for the Study of Labor (IZA) - 2014

Business groups, which are ubiquitous in emerging market economies, balance the advantages of characteristics such as internal capital markets with the disadvantages such as inefficient internal distribution of resources and suppression of technological and other forms of innovativeness. In this...

Persistent link: https://www.econbiz.de/10010884118

Econometric Mediation Analyses: Identifying the Sources of Treatment Effects from Experimentally Estimated Production Technologies with Unmeasured and Mismeasured Inputs

Heckman, James J.; Pinto, Rodrigo - Institute for the Study of Labor (IZA) - 2013

This paper presents an econometric mediation analysis. It considers identification of production functions and the sources of output effects (treatment effects) from experimental interventions when some inputs are mismeasured and others are entirely omitted.

Persistent link: https://www.econbiz.de/10010884208

More Is Better! What Can Firm-Specific Estimates of the Impact of Institutional Quality on Performance Tell Us?

Bhaumik, Sumon K.; Dimova, Ralitza; Kumbhakar, Subal C.; … - Institute for the Study of Labor (IZA) - 2014

We introduce a novel approach to modeling the impact of institutional quality on firm performance. Our methodology enables us to estimate the marginal effect of institutional quality on TFP, factor inputs and output of each firm, which gives us within-country distributions of these effects and...

Persistent link: https://www.econbiz.de/10010884318

Comparing Real Wage Rates

Ashenfelter, Orley - Institute for the Study of Labor (IZA) - 2012

A real wage rate is a nominal wage rate divided by the price of a good and is a transparent measure of how much of the good an hour of work buys. It provides an important indicator of the living standards of workers, and also of the productivity of workers. In this paper I set out the conceptual...

Persistent link: https://www.econbiz.de/10010884346

Is Innovative Firm Behavior Correlated with Age and Gender Composition of the Workforce? Evidence from a New Type of Data for German Enterprises

Pfeifer, Christian; Wagner, Joachim - Institute for the Study of Labor (IZA) - 2012

This empirical research note documents the relationship between composition of a firm's workforce (with a special focus on age and gender) and its performance with respect to innovative activities (outlays and employment in research and development (R&D)) for a large representative sample of...

Persistent link: https://www.econbiz.de/10010959523

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