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Service Imports, Workforce Composition, and Firm Performance : Evidence from Finnish Microdata
Ariu, Andrea - 2019
This paper uses unique Finnish firm-level micro data on service imports, work- force composition, and firm characteristics to examine changes in employment composition and performance of Finnish service importers during a period of a significant increase in services imports (2002-2012). We use...
Persistent link: https://www.econbiz.de/10012480299
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COVID-19 and SME Failures
Gourinchas, Pierre-Olivier - 2020
We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...
Persistent link: https://www.econbiz.de/10012481180
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Relabeling, Retirement and Regret
Gruber, Jonathan - 2020
retirement system in Finland, featuring a relabeling of retirement ages with modest and continuous changes in financial …
Persistent link: https://www.econbiz.de/10012481389
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COVID-19 and SMEs : A 2021 "Time Bomb"?
Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - National Bureau of Economic Research - 2021
This paper assesses the prospects of a 2021 time bomb in SME failures triggered by the generous support policies enacted during the 2020 COVID-19 crisis. Policies implemented in 2020, on their own, do not create a 2021 "time-bomb" for SMEs. Rather, business failures and policy costs remain...
Persistent link: https://www.econbiz.de/10012482634
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The Finnish Great Depression : From Russia with Love
Gorodnichenko, Yuriy - 2009
During the period 1991-93, Finland experienced the deepest economic downturn in an industrialized country since the … of Soviet-Finnish trade can explain key features of Finland's Great Depression. We also show that Finland's Great … similar trade collapse. However, as a western democracy with developed capital markets and institutions, Finland faced none of …
Persistent link: https://www.econbiz.de/10012463774
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Modeling Great Depressions : The Depression in Finland in the 1990s
Conesa, Juan Carlos - 2007
occurred in Finland in the early 1990s. We find that the sharp drop in real GDP over the period 1990-93 was driven by a … increases in government consumption during 1989-94, which drove down hours worked in Finland. We attempt to endogenize the drop …
Persistent link: https://www.econbiz.de/10012465055
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Tax-Loss Trading and Wash Sales
Grinblatt, Mark - 2002
An analysis of trades in the Finnish stock market around the turn of the year shows that Finnish investors tend to realize losses more than gains towards the end of December. They also buy back the same stocks they recently sold, with a repurchase rate that depends on the size of the capital...
Persistent link: https://www.econbiz.de/10012469970
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Voice at Work
Harju, Jarkko; Jäger, Simon; Schoefer, Benjamin - National Bureau of Economic Research - 2021
We estimate the effects of worker voice on job quality and separations. We leverage the 1991 introduction of worker representation on boards of Finnish firms with at least 150 employees. In contrast to exit-voice theory, our difference-in-differences design reveals no effects on voluntary job...
Persistent link: https://www.econbiz.de/10012496075
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Foreign Investment and Domestic Productivity : Identifying Knowledge Spillovers and Competition Effects
Fons-Rosen, Christian - 2017
We study the impact of foreign direct investment (FDI) on total factor productivity (TFP) of domestic firms using a new, representative firm-level data set spanning six countries. A novel finding is that firm-level spillovers from foreign firms to domestic companies can be significantly...
Persistent link: https://www.econbiz.de/10012455039
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The Effect of Weight on Labor Market Outcomes : an Application of Genetic Instrumental Variables
Böckerman, Petri - 2016
The increase in the prevalence of obesity worldwide has led to great interest in the economic consequences of obesity, but valid and powerful instruments for obesity, which are needed to estimate its causal effects, are rare. This paper contributes to the literature by using a novel instrument:...
Persistent link: https://www.econbiz.de/10012456475