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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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Good jobs, bad jobs, and the Great Recession : lessons from Japan's Lost Decade
Kanbayashi, Ryō; Kato, Takao - 2012
-term consequences for the labor market structure. To this end, we examine Japan's Lost Decade, the original Great Recession that … during Japan's Lost Decade there was a significant shift of the composition of employment toward "bad jobs." Second, we find … women in Japan made considerable progress in shifting the composition of their employment toward "good jobs" during Japan …
Persistent link: https://www.econbiz.de/10009559205
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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
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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
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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
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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
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Corporate efficiency, credit status and investment
Quader, Manzur; Taylor, Karl - 2014
Using a panel of 1122 UK firms listed on the London Stock Exchange over the period of 1981 to 2009, endogenous switching regression models (SRM) incorporating a predicted corporate efficiency index are estimated in this paper in an effort to clarify the role of cash flow in examining the impact...
Persistent link: https://www.econbiz.de/10010379263
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Catastrophic job destruction
Carneiro, Anabela; Portugal, Pedro; Varejão, José M. - 2013
In this article we study the resilience of the Portuguese labor market, in terms of job flows, employment and wage developments, in the context of the current recession. We single out the huge contribution of job destruction, especially due to the closing of existing firms, to the dramatic...
Persistent link: https://www.econbiz.de/10010199018
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The economics of human development and social mobility
Heckman, James J.; Mosso, Stefano - 2014
This paper distills and extends recent research on the economics of human development and social mobility. It summarizes the evidence from diverse literatures on the importance of early life conditions in shaping multiple life skills and the evidence on critical and sensitive investment periods...
Persistent link: https://www.econbiz.de/10010252655
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Migration and development : dissecting the anatomy of the mobility transition
Dao, Thu Hien; Docquier, Frédéric; Parsons, Christopher A. - 2016
Emigration first increases before decreasing with economic development. This bell-shaped relationship between emigration and development was first hypothesized by the theory of the mobility transition (Zelinsky, 1971). Although several mechanisms have been proposed to explain the upward segment...
Persistent link: https://www.econbiz.de/10011543971