Showing 1 - 10 of 263
We estimate the effects of monetary policy on price-setting behavior in administrative micro data underlying the German producer price index. We find a strong degree of monetary non-neutrality. After expansionary monetary policy, the mass of additional price adjustments is economically small and...
Persistent link: https://www.econbiz.de/10012857905
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of … performance. Using longitudinal data, we find large and sustained effects of entrepreneurs at all levels of the performance … suggest that an often overlooked factor - individual entrepreneurs - plays a large role in affecting firm performance. …
Persistent link: https://www.econbiz.de/10010291523
Firm heterogeneity is mostly discussed in the literature from the viewpoint of productivity differential. In contrast this paper recognizes wealth heterogeneity as an important factor that results in firm heterogeneity. The issue of wealth heterogeneity and export incentive through credit market...
Persistent link: https://www.econbiz.de/10012836956
We postulate a nonlinear DSGE model with a financial sector and heterogeneous households. In our model, the interaction between the supply of bonds by the financial sector and the precautionary demand for bonds by households produces significant endogenous aggregate risk. This risk induces an...
Persistent link: https://www.econbiz.de/10012825400
Are entrepreneurs liquidity constraint? Using quasi-random housing wealth variation resulting from communist era decisions, we argue yes, as we find that wealthier East Germans are more likely to become self-employed after reunification. In the literature, no such strong relationship was found...
Persistent link: https://www.econbiz.de/10012865172
This study finds that even small unexpected supply shocks propagate downstream through production networks and are amplified by firms with short-term financial constraints. The unexpected 2011 increase in the tax on imports purchased with foreign-sourced trade credit is examined using data...
Persistent link: https://www.econbiz.de/10013315210
We study the impact of loan regulation in rural India on child labor with an overlapping-generations model of formal and informal lending, human capital accumulation, adverse selection, and differentiated risk types. Specifically, we build a model economy that replicates the current outcome with...
Persistent link: https://www.econbiz.de/10010290756
at whether diaspora effects are different across education levels and gender. Using new data allowing to include both … influencing the selection in terms skills and in term of gender. We found that network effects vary by education level but not by … gender. Women are also found to be less directly dependent on migration costs unrelated to networks such as distance. …
Persistent link: https://www.econbiz.de/10010270510
We examine gender gaps in career dynamics in the legal sector using rich panel data from one of the largest global law … sample includes countries at different stages of development. We document the cross-country variation in gender gaps and how … these gaps have changed over time. We show that while there is gender parity at the entry level in most countries by the end …
Persistent link: https://www.econbiz.de/10012834878
look for evidence of a gender gap in dishonesty among elected representatives, as well as how this changes with time in … data on attitudes towards corruption with data from incentivized experiments. While we find little evidence of a gender gap …, we find it to be strongly associated with lower risk aversion. Our study indicates that gender gaps in politics should be …
Persistent link: https://www.econbiz.de/10012836933