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Can Unemployment Insurance Spur Entrepreneurial Activity?

Hombert, Johan - 2014

We study a large-scale French reform that provided generous downside insurance for unemployed individuals starting a … business. We study whether this reform affects the composition of people who are drawn into entrepreneurship. New firms started … in response to the reform are, on average, smaller, but have similar growth expectations and education levels compared to …

Persistent link: https://www.econbiz.de/10012457949

Monopsony, Efficiency, and the Regularization of Undocumented Immigrants

Borjas, George J.; Edo, Anthony - National Bureau of Economic Research - 2023

In May 1981, President François Mitterrand regularized the status of undocumented immigrant workers in France. The …

Persistent link: https://www.econbiz.de/10014322844

Deregulation, Savings and Loan Diversification, and the Flow of Housing Finance

Kane, Edward J. - 1981

This paper assesses the probable impact on S&Ls' profitability and participation in mortgage markets of The Depository Institutions Deregulation and Monetary Control Act of 1980. It tracks inflation-induced secular declines in the value of S&L mortgage holdings between 1965 and 1979 and...

Persistent link: https://www.econbiz.de/10012478481

Who Panics During Panics? Evidence from a Nineteenth Century Savings Bank

Grada, Cormac O. - 2002

Using records of the bank accounts of individual depositors, this paper provides a detailed microeconomic analysis of two nineteenth century banking panics. The panics of 1854 and 1857 were not characterized by an immediate mass panic of depositors and had important time dimensions. We examine...

Persistent link: https://www.econbiz.de/10012469859

Were Late-Nineteenth-Century, Small-Town Americans Life-Cycle Savers?

Bodenhorn, Howard - National Bureau of Economic Research - 2021

Although the mobilization of savings is an important function of banks and other financial institutions, there is remarkably little evidence that bears on how and how well the financial sector mobilized household savings in the nineteenth and early twentieth century. This paper documents...

Persistent link: https://www.econbiz.de/10012533359

Real Interest Rates and the Savings and Loan Crisis : The Moral Hazard Premium

Shoven, John B. - 1991

Real interest rates rose to historically high levels in 1980 and remained high throughout the decade. Macroeconomists attribute this phenomenon to a combination of tight monetary policy, fiscal deficits, and variable inflation rates. This paper presents preliminary evidence for an additional...

Persistent link: https://www.econbiz.de/10012475251

The Continued Interest Rate Vulnerability of Thrifts

Hendershott, Patric H. - 1990

The 1980s S&L debacle is generally viewed as the result of: (1) sharply rising interest rates eliminating the net worth of thrifts funding fixed-rate loans with short-term deposits and (2) thrifts responding by taking even greater interest-rate and credit risks. The question investigated in this...

Persistent link: https://www.econbiz.de/10012475616

Who Should Learn What From the Failure and Delayed Bailout of the ODGF?

Kane, Edward J. - 1987

In March 1985, the failure of the Ohio Deposit Guarantee Fund (the ODGF) sent shock waves reverberating through the financial world. This episode is popularly interpreted as evidence of the dangers of both private deposit insurance and continuing financial deregulation. This paper argues that...

Persistent link: https://www.econbiz.de/10012476808

Traumatic Financial Experiences and Persistent Changes in Financial Behavior : Evidence from the Freedman's Savings Bank

Arthi, Vellore; Richardson, Gary; Van Orden, Mark - National Bureau of Economic Research - 2024

The failure of the Freedman's Savings Bank (FSB), one of the only Black-serving banks in the early post-bellum South, was an economic catastrophe and one of the great episodes of racial exploitation in post-Emancipation history. It was also most Black Americans' first experience of banking. Can...

Persistent link: https://www.econbiz.de/10014576605

The Dynamics of Car Sales : A Discrete Choice Approach

Adda, Jerome - 2000

Mankiw [1982] explores the Permanent Income Hypothesis implication that durable expenditures follow an ARMA(1,1) representation. He finds that durable expenditures are represented by an AR(1) process which implies that the rate of depreciation of durables, under the PIH model, is 100%. This...

Persistent link: https://www.econbiz.de/10012470965

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