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Banks and Innovation : Microeconometric Evidence on Italian Firms
Benfratello, Luigi - 2014
In this paper we investigate the effect of local banking development on firms' innovative activities, using a rich data set on innovation for a large number of Italian firms over the 1990's. There is evidence that banking development affects the probability of process innovation, particularly...
Persistent link: https://www.econbiz.de/10012752497
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Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults
Pesaran, M. Hashem - 2011
This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … dynamics, where firms rely on banks and households for capital financing. Firms are identical ex ante but differ ex post due to … implications of such defaults for both households and banks. Results from a calibrated version of the model highlight the role of …
Persistent link: https://www.econbiz.de/10013119292
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Finance and Growth at the Firm Level : Evidence from SBA Loans
Brown, J. David - 2015
lenders. The estimation results imply an increase of 3-4 jobs for each million dollars of loans, suggesting that credit … for the SBA 504 versus 7(a) programs, and with respect to the business cycle, local credit conditions, and within …
Persistent link: https://www.econbiz.de/10013016226
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Do SBA Loans Create Jobs?
Brown, J. David - 2013
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
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Do You Even Crypto, Bro? Cryptocurrencies in Household Finance
Weber, Michael; Sheflin, Stephen; Coibion, Olivier; … - 2023
Using repeated large-scale surveys of U.S. households, we study the cryptocurrency investment decisions and motives of households relative to other financial assets. Cryptocurrency holders tend to be young, white, male and more libertarian relative to non-crypto holders. They expect much higher...
Persistent link: https://www.econbiz.de/10014349510
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The Economics of Financial Stress
SERGEYEV, DMYTRO; Lian, Chen; Gorodnichenko, Yuriy - 2023
We study the psychological costs of financial constraints and their economic consequences. Using a representative survey of U.S. households, we document the prevalence of financial stress in U.S. households and a strong relationship between financial stress and measures of financial constraints....
Persistent link: https://www.econbiz.de/10014349513
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Death, Happiness, and the Calculation ofCompensatory Damages
Oswald, Andrew J.; Powdthavee, Nattavudh - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
This paper studies the mental distress caused by bereavement. The largest emotional lossesare from the death of a spouse; the second-worst in severity are the losses from the death ofa child; the third-worst is the death of a parent...
Persistent link: https://www.econbiz.de/10005861415
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Symbolic Values, Occupational Choice,and Economic Development
Corneo, Giacomo; Jeanne, Olivier - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
Channeling human resources into the right occupations has historically been a key toeconomic prosperity. Occupational choices are not only driven by the material rewardsassociated with the various occupations, but also by the esteem that they confer...
Persistent link: https://www.econbiz.de/10005863033
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Mother's Autonomy and Child Welfare : A New Measure and Some New Evidence
Chakraborty, Tanika - 2011
We construct a new, direct measure of female autonomy in household decision-making by creating an index from the principal components of a variety of household variables on which mother of a child takes decision. We then examine its impacts on her child's secondary education in Mexico and find...
Persistent link: https://www.econbiz.de/10013131165
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Fatter Attraction : Anthropometric and Socioeconomic Characteristics in the Marriage Market
Chiappori, Pierre-Andre - 2011
We construct a matching model on the marriage market along more than one characteristic, where individuals have preferences over physical attractiveness (proxied by anthropometric characteristics) and market and household productivity of potential mates (proxied by socioeconomic...
Persistent link: https://www.econbiz.de/10013134105