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Are business start-ups liquidity constrained? : evidence from a quasi-experimental allocation of housing wealth in East Germany
Fuchs, Tobias; Gebhardt, Georg - 2019
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/10012039018
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(Why) do self-employed parents have more children?
Broussard, Nzinga; Chami, Ralph; Hess, Gregory - 2003
the self-employed household s expected return to their business. Using data from the General Social Survey, we find that …
Persistent link: https://www.econbiz.de/10011404319
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Liquidity constraints, household wealth, and entrepreneurship revisited
Fairlie, Robert W.; Krashinsky, Harry A. - 2012 - Current Draft: August 2011
A large body research shows a positive relationship between wealth and entrepreneurship and interprets the relationship as providing evidence of liquidity constraints. Recently, however, the liquidity constraint interpretation has been challenged because of the finding that the relationship...
Persistent link: https://www.econbiz.de/10009522307
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The impact of city contracting set-asides on black self-employment and employment
Chatterji, Aaron K.; Chay, Kenneth Y.; Fairlie, Robert W. - 2013
In the 1980s, many U.S. cities initiated programs reserving a proportion of government contracts for minority-owned businesses. The staggered introduction of these set-aside programs is used to estimate their impacts on the self-employment and employment rates of African-American men. Black...
Persistent link: https://www.econbiz.de/10009727119
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Immigration and entrepreneurship
Fairlie, Robert W.; Lofstrom, Magnus - 2015
Immigrants are widely perceived as being highly entrepreneurial and important for economic growth and innovation. This is reflected in immigration policies and many developed countries have created special visas and entry requirements in an attempt to attract immigrant entrepreneurs. Not...
Persistent link: https://www.econbiz.de/10010506325
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Did US consumers 'save for a rainy day' before the Great Recession?
Anundsen, André Kallåk; Nymoen, Ragnar - 2015
The 'saving for a rainy day' hypothesis implies that households' saving decisions reflect that they can (rationally) predict future income declines. The empirical relevance of this hypothesis plays a key role in discussions of fiscal policy multipliers and it holds under the null that the...
Persistent link: https://www.econbiz.de/10010518800
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Family-specific investments and divorce : a theory of dynamically inconsistent household behavior
Anderberg, Dan; Rainer, Helmut; Roeder, Kerstin - 2016
-inconsistent preferences. In our model, hyperbolic discounting couples engage in household production activities, thereby accumulating family … standard models of household behavior. Examples include: marriage contracts that serve as barriers to hasty divorces (e …
Persistent link: https://www.econbiz.de/10011509239
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Fiscal policy and households' inflation expectations : evidence from a randomized control trial
Coibion, Olivier; Gorodnichenko, Yuriy; Weber, Michael - 2021
primary surpluses should lead households to anticipate this higher inflation. Are household inflation expectations sensitive …
Persistent link: https://www.econbiz.de/10012437870
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Does policy communication during COVID work?
Coibion, Olivier; Gorodnichenko, Yuriy; Weber, Michael - 2020
Using a large-scale survey of U.S. households during the Covid-19 pandemic, we study how new information about fiscal and monetary policy responses to the crisis affects households' expectations. We provide random subsets of participants in the Nielsen Homescan panel with different combinations...
Persistent link: https://www.econbiz.de/10012231514
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Income and wealth inequality in America, 1949-2013
Kuhn, Moritz; Schularick, Moritz; Steins, Ulrike I. - 2017
This paper studies the distribution of U.S. household income and wealth over the past seven decades. We introduce a … newly compiled household-level dataset based on archival data from historical waves of the Survey of Consumer Finances (SCF … between the 25th and 75th percentile of the distribution. The household data also reveal that the paths of income and wealth …
Persistent link: https://www.econbiz.de/10011717045