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Cigno, Alessandro (contributor) - 2005

The paper re-examines the idea that a family can be viewed as a community governed by a self-enforcing constitution, and extends existing results in two directions. First, it identifies circumstances in which a constitution is renegotiation-proof. Second, it introduces parental altruism. The...

Persistent link: https://www.econbiz.de/10003260821

Climbing the drug staircase : a Bayesian analysis of the initiation of hard drug use

Bretteville-Jensen, Anne Line (contributor); … - 2008

implications, using data from a unique recent survey of young adults in Norway. Motivated by the gateway transmission channels …

Persistent link: https://www.econbiz.de/10003784387

How general are time preferences? : eliciting good-specific discount rates

Ubfal, Diego - 2012

, good-specific discounting, under certain conditions, can explain the persistence of poverty and low savings by the poor … ; good-specific discounting ; savings ; poverty traps …

Persistent link: https://www.econbiz.de/10009575093

Is rationing in the microfinance sector determined by the microfinance type? : evidence from Ghana

Diaz-Serrano, Luis; Sackey, Frank Gyimah - 2015

This study sets out to examine the extent to which access to credit and credit rationing are influenced by the microfinance type based on the major factors determining micro, small and medium enterprises' access to credit from microfinance institutions in the era of financial liberalization. The...

Persistent link: https://www.econbiz.de/10010510572

Empowering the vulnerable to be entrepreneurs : an empirical test on the effectiveness of the Ghana microfinance policy 2006

Diaz-Serrano, Luis; Sackey, Frank Gyimah - 2016

The study aims at testing the Ghana Microfinance Policy set up to support the vulnerable through access to credit. We resort to the Blinder-Oaxaca decomposition to determine if there is positive discrimination in favor of women and young entrepreneurs in the rationing behavior of the...

Persistent link: https://www.econbiz.de/10011580565

The response of consumption in Russian households to economic shocks

Stillman, Steven - 2001

changes in household savings are negatively related to exogenous income shocks, with this relationship strongest for low … wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …

Persistent link: https://www.econbiz.de/10011405709

Is there a social security tax wedge?

Cigno, Alessandro (contributor) - 2006

A Beveridgean pension scheme invariably introduces a wedge between the wage rate and the marginal take-home pay. A Bismarckian one can do so only if it is not actuarially fair, or in the presence of credit rationing. Interestingly, if the two possible sources of distortion are present at the...

Persistent link: https://www.econbiz.de/10003278947

Finance and growth at the firm level : evidence from SBA loans

Brown, J. David; Earle, John S. - 2015

We analyze linked databases on all Small Business Administration (SBA) loans, on all SBA lenders, and on all U.S. employers to estimate the effects of financial access on employment growth. Our methods combine regressions with matching on firm age, size, industry, year, and employment history,...

Persistent link: https://www.econbiz.de/10011309136

The macroeconomics of labor and credit market imperfections

Wasmer, Etienne; Weil, Philippe - 2000

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections, driven by microeconomic frictions and impacted upon by macroeconomic factors such as monetary policy, could also be to blame. This paper shows that labor and credit market...

Persistent link: https://www.econbiz.de/10011336864

When credit dries up : job losses in the Great Recession

Bentolila, Samuel; Jansen, Marcel; Jiménez, Gabriel; … - 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/10010225894

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