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This paper takes advantage of access to detailed matched bank-firm data to investigate whether and how employment decisions of SMEs have been affected by credit constraints in the wake of the Great Recession. Variability in banks' financial health following the 2008 crisis is used as an...
Persistent link: https://www.econbiz.de/10011816529
The Global Crisis demonstrated to the world that Ratings Agencies had misled the public about the stability of … although risk can be measured, uncertainty cannot be measured. Even though risk can be measured, a simple symmetric measure … attempt at "measuring" risk or (fundamental) uncertainty is flawed. …
Persistent link: https://www.econbiz.de/10011559672
Decoupling economic growth from environmental degradation and climate change, increasing resource efficiency, and promoting both sustainable production and sustainable lifestyles is a challenge in North Africa, a region where even a relative decoupling of income growth and carbon (CO2) emissions...
Persistent link: https://www.econbiz.de/10014533979
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/10011525080
playing behavior consistent with women being more averse towards risk and competition. Moreover, we demonstrate how "shying …
Persistent link: https://www.econbiz.de/10011451185
personality traits, challenges regarding the stability of preferences and traits, and challenges when inferring causality …
Persistent link: https://www.econbiz.de/10011653290
There is vast heterogeneity in the human willingness to weigh others' interests in decision making. This heterogeneity concerns the motivational intricacies as well as the strength of other-regarding behaviors, and raises the question how one can parsimoniously model and characterize...
Persistent link: https://www.econbiz.de/10011931780
Empirical studies of the role of non-cognitive skills in driving economic behavior often rely heavily on the assumption that these skills are stable over the relevant time frame. We analyze the change in a specific non-cognitive skill, i.e. locus of control, in order to directly assess the...
Persistent link: https://www.econbiz.de/10010278759
We investigate the stability of self-control at the population level. Analyzing repeated Brief Self-Control Scale … scores, we demonstrate that self-control exhibits a high degree of mean-level, rank-order, and individual-level stability … important. The stability of self-control is particularly striking given our study period (2017-2020) spans the onset of the …
Persistent link: https://www.econbiz.de/10012882552
Parsimony is a desirable feature of economic models but almost all human behaviors are characterized by vast individual variation that appears to defy parsimony. How much parsimony do we need to give up to capture the fundamental aspects of a population's distributional preferences and to...
Persistent link: https://www.econbiz.de/10014469822