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Unions, Dynamism, and Economic Performance

Hirsch, Barry T. - 2010

This paper explores the relationship between economic performance and US unionism, focusing first on what we do and do not know based on empirical research handicapped by limited data on establishment and firm level collective bargaining coverage. Evidence on the relationship of unions with...

Persistent link: https://www.econbiz.de/10013135314

Worker Cooperatives and Democratic Governance

Pencavel, John H. - 2012

A worker co-operative is a firm that is owned and managed by those who work in it. This paper provides a selective review of research in economics on worker cooperatives. It concentrates on the volatility of earnings and employment in the co-ops compared with conventional capitalist firms; on...

Persistent link: https://www.econbiz.de/10013099086

Time is on My Side : Relational Contracts and Aggregate Welfare

Kukharskyy, Bohdan - 2018

total factor productivity. We provide empirical evidence in line with the predictions of our theory …

Persistent link: https://www.econbiz.de/10012923240

Long-Run Effects of Public-Private Research Joint Ventures : The Case of the Danish Innovation Consortia Support Scheme

Kaiser, Ulrich - 2011

Subsidized research joint ventures (RJVs) between public research institutions and industry have become increasingly popular in Europe and the US. We study the long-run effects of such a support scheme that has been maintained by the Danish government since 1995. To cope with identification...

Persistent link: https://www.econbiz.de/10013120139

Do Inventors Talk to Strangers? On Proximity and Collaborative Knowledge Creation

Crescenzi, Riccardo - 2013

This paper investigates how physical, organisational, institutional, cognitive, social, and ethnic proximities between inventors shape their collaboration decisions. Using a new panel of UK inventors and a novel identification strategy, this paper systematically explores the net effects of all...

Persistent link: https://www.econbiz.de/10013071741

Employer Cooperation, Productivity, and Wages : New Evidence from Inter-Firm Formal Network Agreements

Devicienti, Francesco; Grinza, Elena; Manello, Alessandro; … - 2022

Using uniquely rich administrative matched employer-employee data, we investigate the impact of formal network agreements (FNAs) among firms under two perspectives. First, we assess the impact of joining a FNA on several indicators of firm performance, and total factor productivity. Second, we...

Persistent link: https://www.econbiz.de/10014244275

Resource Allocation and Firm Scope

Friebel, Guido; Raith, Michael - 2021

We develop a theory of firm scope in which integrating two firms into one facilitates the allocation of resources, but … leads to weaker incentives for effort, compared with nonintegration. Our theory makes minimal assumptions about the … integration or non-integration is optimal. Our theory thus provides a simple answer to Williamson's "selective …

Persistent link: https://www.econbiz.de/10013317478

Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data

Coibion, Olivier - 2014

One suggested hypothesis for the dramatic rise in household borrowing that preceded the financial crisis is that low-income households increased their demand for credit to finance higher consumption expenditures in order to "keep up" with higherincome households. Using household level data on...

Persistent link: https://www.econbiz.de/10013059685

Does the Community Reinvestment Act Increase Small Business Lending in Lower Income Neighborhoods?

Kim, Mee Jung; Lee, Kyung Min; Earle, John S. - 2022

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

Personal Bankruptcy Law, Wealth and Entrepreneurship : Theory and Evidence from the Introduction of a 'Fresh Start'

Fossen, Frank M. - 2011

A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy, lenders may charge higher interest rates or...

Persistent link: https://www.econbiz.de/10013130785