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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, lenders may charge higher interest rates or...

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

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

Does the Expansion of Higher Education Increase the Equality of Educational Opportunities? Evidence from Italy

Bratti, Massimiliano; Checchi, Daniele; de Blasio, Guido - Institute for the Study of Labor (IZA) - 2008

opportunities. It examines Italy’s experience during the 1990s, when policy changes prompted HE institutions to offer a wider range …

Persistent link: https://www.econbiz.de/10005822106

Training and the Density of Economic Activity: Evidence from Italy

Brunello, Giorgio; de Paola, Maria - Institute for the Study of Labor (IZA) - 2004

We use a search and matching model to investigate the economic relationship between training and local economic conditions. We identify two aspects of this relationship going in opposite directions: on the one hand, the complementarity between local knowledge spillovers and training generates a...

Persistent link: https://www.econbiz.de/10005822133

Where Do the Brainy Italians Go?

Constant, Amelie F.; D'Agosto, Elena - Institute for the Study of Labor (IZA) - 2008

researchers who have at least a bachelor’s from Italy and live abroad. There are three alternative country choices: the US …. Ceteris paribus, both push and pull factors are important. While having a Ph.D. from outside Italy predicts the UK choice …, having extra working experience from outside Italy predicts migration to other EU countries. Those who stay abroad …

Persistent link: https://www.econbiz.de/10005822258

Residential Peer Effects in Higher Education: Does the Field of Study Matter?

Brunello, Giorgio; De Paola, Maria; Scoppa, Vincenzo - Institute for the Study of Labor (IZA) - 2008

of the peer effect varies by field. Using data from a middle-sized public university located in Southern Italy and …

Persistent link: https://www.econbiz.de/10005822309

Centralized Wage Determination and Regional Unemployment Differences: The Case of Italy

Caponi, Vincenzo - Institute for the Study of Labor (IZA) - 2008

This paper addresses the problem of the dualism of the Italian economy, particularly of its labor market. Although the Italian labor market is considered to be the most highly regulated among OECD countries, the unemployment rate in the North, which represents two thirds of the whole economy, is...

Persistent link: https://www.econbiz.de/10005822358

Intergenerational Persistence in Educational Attainment in Italy

Checchi, Daniele; Fiorio, Carlo V.; Leonardi, Marco - Institute for the Study of Labor (IZA) - 2008

levels over time in Italy. However, focusing on equality of circumstances, we show that there is still a persistent …

Persistent link: https://www.econbiz.de/10005822532