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-equalising income source in China than in Russia. While Russian public transfers reduce income inequality, Chinese public transfers … residents in China and in urban Russia to be very similar …Harmonised microdata show a Gini coefficient for per capita total income of 45.3 percent in China 2002 and 33.6 percent …
Persistent link: https://www.econbiz.de/10013134822
We document that trust in public institutions ヨ and particularly trust in banks, business and government ヨ has declined … the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …
Persistent link: https://www.econbiz.de/10013128218
Using a nationally representative sample of 12,344 immigrants from 41 different countries of ancestry living in Spain in 2007, we find that the higher the housing-loan penetration in the country of ancestry, the higher the likelihood of having a mortgage in Spain. Similarly, the higher the...
Persistent link: https://www.econbiz.de/10012926734
The evidence suggests that relational contracting and legal rules play an important role in credit markets but on the basis of the prevailing field data it is difficult to pin down their causal impact. Here we show experimentally that relational incentives are a powerful causal determinant for...
Persistent link: https://www.econbiz.de/10013157034
creation of 1.0-2.1 million and the government's cost per job of $8,200-$18,000 measured five years after the loan year …
Persistent link: https://www.econbiz.de/10013016226
Many emerging markets have undertaken significant financial sector reforms especially in their banking sectors that have been quite critical for both financial development and real economic activity. In this paper, we investigate the success of banking reforms in India where significant banking...
Persistent link: https://www.econbiz.de/10012988130
Small Business Administration (SBA) loans have long been one of the most significant policy interventions in the U.S. affecting firm behavior, but little is known about their outcomes. This paper estimates the effects on employment using a list of all SBA loans linked to annual data on all U.S....
Persistent link: https://www.econbiz.de/10013077297
We estimate the impact of the Community Reinvestment Act (CRA) on small business lending in lower-income neighborhoods. Using 2004-2016 panel data on census tracts, we apply a combined regression discontinuity and fixed effect method. We find that the number of small business loans increases by...
Persistent link: https://www.econbiz.de/10013406859
During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of the stock of socialist physical capital. Despite the obvious importance of this phenomenon, there have been no efforts to model, measure and investigate this process...
Persistent link: https://www.econbiz.de/10012784057
Earnings inequality and earnings determination in urban China 2002 and Russia 2003 are compared using samples covering … and is found to be similar across countries. As at the end of the 1980s, the gender wage gap is larger in Russia where … earnings reach a maximum at a lower age than in China. The association between education and income in China has increased to …
Persistent link: https://www.econbiz.de/10013033388