tend not to face higher interest rates because they provide collateral. This paper illustrates these effects in a model and …

framework of firms' investment with credit rationing and real estate collateral. We show that real estate prices affect firms …

We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of … function of individual wealth while the introduction of start-up costs tends to flatten this relationship. The theoretical … business start-up costs. We use three highly comparable micro datasets (SHARE, ELSA and HRS) providing harmonized data on …

distressed firms is higher before insolvency and lower upon and after insolvency, while the proportion for similar but solvent …

to 58%, measured either in terms of reductions in data collection costs or in terms of improvements in the precision of …

equivalent of the costs of the extra time stress is very large. While the departure of a child from the home reduces parents …

are not well known. This paper establishes five new facts about college costs using novel department-level data. First …, costs vary widely across field, ranging from electrical engineering (109 percent higher costs than English) to math (22 … percent lower). Costs are generally higher in fields where graduates earn more and in pre-professional programs. Second, this …