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Why Use ROSCAs When You Can Use Banks? Theory and Evidence from Ethiopia

Kedir, Abbi M.; Disney, Richard; Dasgupta, Indraneel - Institute for the Study of Labor (IZA) - 2011

Much of the existing literature on the use of informal credit arrangements such as ROSCAs (Rotating and Credit Saving … mechanisms. As economic development proceeds, formal institutions might therefore be expected to displace ROSCAs. We show, using … household data for Ethiopia, that in fact use of formal institutions and ROSCAs can co-exist, even in the same household. We …

Persistent link: https://www.econbiz.de/10009149151

Do Institutions Have a Greater Effect on Female Entrepreneurs?

Estrin, Saul; Mickiewicz, Tomasz - Institute for the Study of Labor (IZA) - 2009

This paper compares the impact of institutions on individual decisions to become entrepreneurs in the form of new business start ups by males and females across 44 developed and developing economies between 1998 and 2004. We test four hypotheses; that women are less likely to undertake...

Persistent link: https://www.econbiz.de/10008469711

Banks and Innovation: Microeconometric Evidence on Italian Firms

Benfratello, Luigi; Schiantarelli, Fabio; Sembenelli, … - Institute for the Study of Labor (IZA) - 2006

In this paper we investigate the effect of local banking development on firms’ innovative activities, using a rich data set on innovation for a large number of Italian firms over the 1990’s. There is evidence that banking development affects the probability of process innovation,...

Persistent link: https://www.econbiz.de/10005822124

Financial Markets, Banks' Cost of Funding, and Firms' Decisions: Lessons from Two Crises

Balduzzi, Pierluigi; Brancati, Emanuele; Schiantarelli, … - Institute for the Study of Labor (IZA) - 2013

-2012 sovereign debt crisis. Using newly available data linking over 3,000, mostly privately-held, non-financial firms to their bank(s …We test whether financial fluctuations affect firms' decisions, through their impact on banks' cost of funding. We … exploit two shocks to Italian bank CDS spreads and equity valuations: the 2007-2009 financial crisis and the 2010 …

Persistent link: https://www.econbiz.de/10010734428

Trust in Public Institutions over the Business Cycle

Stevenson, Betsey; Wolfers, Justin - Institute for the Study of Labor (IZA) - 2011

We document that trust in public institutions – and particularly trust in banks, business and government – has declined …

Persistent link: https://www.econbiz.de/10008868129

Immigration and the Informal Labor Market

Bosch, Mariano; Farré, Lídia - Institute for the Study of Labor (IZA) - 2013

This paper investigates the relationship between immigration and the size of the informal or underground economy. Using regional variation for the Spanish provinces we find that the massive immigration wave between 2000 and 2009 is highly correlated to the share of unregistered employment, a...

Persistent link: https://www.econbiz.de/10011252287

Does the Minimum Wage Have a Higher Impact on the Informal than on the Formal Labor Market? Evidence from Quasi-Experiments

Khamis, Melanie - Institute for the Study of Labor (IZA) - 2008

This paper investigates a puzzle in the literature on labor markets in developing countries: labor legislations not only have an impact on the formal labor market but also an impact on the informal sector. It has even been argued that the impact on the informal sector in the case of the minimum...

Persistent link: https://www.econbiz.de/10005822449

Employment Subsidies, Informal Economy and Women's Transition into Work in a Depressed Area: Evidence from a Matching Approach

Deidda, Manuela; Di Liberto, Adriana; Foddi, Marta; … - Institute for the Study of Labor (IZA) - 2015

We analyze the effects of an ALMP for disadvantaged workers implemented in a depressed area of Italy. Using propensity-score matching, we find that a) the employment subsidy had a positive effect for participants on both the probability of finding a job and income, b) the outcome of the policy...

Persistent link: https://www.econbiz.de/10011196648

On the Measurement of Long-Term Income Inequality and Income Mobility

Aaberge, Rolf; Mogstad, Magne - Institute for the Study of Labor (IZA) - 2010

This paper proposes a two-step aggregation method for measuring long-term income inequality and income mobility, where mobility is defined as an equalizer of long-term income. The first step consists of aggregating the income stream of each individual into a measure of permanent income, which...

Persistent link: https://www.econbiz.de/10008543270

Determinants of Immigrant Homeownership: Examining their Changing Role during the Great Recession and Beyond

Mundra, Kusum; Uwaifo Oyelere, Ruth - Institute for the Study of Labor (IZA) - 2013

, savings, length of stay in the U.S., and citizenship status affect the probability of homeownership before the recession and …

Persistent link: https://www.econbiz.de/10010884298