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Garcia, Raffi E.; Ortega, Alberto - National Bureau of Economic Research - 2024

We examine the impact of local racial demonstrations, such as Black Lives Matter (BLM) protests, and the subsequent racial justice movement following the death of George Floyd on racial disparities in Paycheck Protection Program loan disbursements to small businesses. Using...

Persistent link: https://www.econbiz.de/10014544755

Native-Immigrant Entrepreneurial Synergies

Zhao, Jin; Kermani, Amir; McQuade, Timothy - National Bureau of Economic Research - 2025

We examine the performance of startups co-founded by immigrant and native teams. Leveraging unique data linking startups to founders' and employees' employment and education histories, we find native-migrant teams outperform native-only and migrant-only teams. Native-migrant startups have larger...

Persistent link: https://www.econbiz.de/10015409836

Randomized Entry

Annan, Francis - National Bureau of Economic Research - 2024

We study the direct and indirect effects of randomized entry. In partnership with the two largest service providers in Ghana, we implement a three-step design that randomizes the entry of new financial mobile money vendors, who also sell non-financial goods/services, across local markets. This...

Persistent link: https://www.econbiz.de/10015145085

"Zero Cost'' Majority Attacks on Permissionless Blockchains

Gans, Joshua; Hałaburda, Hanna - National Bureau of Economic Research - 2023

Permissionless blockchains were constructed with a view to being sustainably secure. At the heart of blockchain consensus mechanisms was an explicit cost (whether it be work or stake) for participation in the network and the opportunity to propose blocks that would be added to the blockchain. A...

Persistent link: https://www.econbiz.de/10014322860

Strategyproofness-Exposing Mechanism Descriptions

Gonczarowski, Yannai; Heffetz, Ori; Thomas, Clayton - National Bureau of Economic Research - 2023

A menu description presents a mechanism to player i in two steps. Step (1) uses the reports of other players to describe i's menu: the set of i's potential outcomes. Step (2) uses i's report to select i's favorite outcome from her menu. Can menu descriptions better expose strategyproofness,...

Persistent link: https://www.econbiz.de/10014322893

The Debt-Inflation Channel of the German Hyperinflation

Brunnermeier, Markus Konrad; Correia, Sergio A.; Luck, … - National Bureau of Economic Research - 2023

This paper studies how a large increase in the price level is transmitted to the real economy through firm balance sheets. Using newly digitized macro- and micro-level data from the German inflation of 1919-1923, we show that inflation led to a large reduction in real debt burdens and...

Persistent link: https://www.econbiz.de/10014322686

Entrepreneurship and the Gig Economy : Evidence from U.S. Tax Returns

Denes, Matthew R.; Lagaras, Spyridon; Tsoutsoura, Margarita - National Bureau of Economic Research - 2025

on U.S. tax returns to study the role of the gig economy on entrepreneurship. We find that gig workers are more likely to …

Persistent link: https://www.econbiz.de/10015194992

Why Aren't There More Minority Entrepreneurs?

Bennett, Victor M.; Robinson, David T. - National Bureau of Economic Research - 2024

-group entrepreneurship reveals that stronger networks enhance the relationship between social engagement and business formation. Also, as … searching for capital are important for understanding-policies aimed at boosting rates of entrepreneurship in underrepresented …

Persistent link: https://www.econbiz.de/10015171632

Are Some Angels Better than Others?

Karlsen, Johan; Kisseleva, Katja; Mjøs, Aksel; … - National Bureau of Economic Research - 2024

This paper uses Norwegian tax records to examine the performance of angel investors. While most angel investments perform poorly, mean returns are twice the invested capital, due largely to extreme skewness: around one-third of investments are a total loss, but the top one-percent return more...

Persistent link: https://www.econbiz.de/10015171634

The Inverted U-Shaped Relationship between Female Entrepreneurship and Economic Development

Ashraf, Nava; Delfino, Alexia; Glaeser, Edward L.; … - National Bureau of Economic Research - 2025

. This paper presents a model of entrepreneurship in which women face disadvantages, including discrimination from workers … in middle-income countries, where the returns to entrepreneurship are high enough to offset gender-based costs and both … more usually in industries with low levels of skilled workers. Despite the entrepreneurship rate's reversal of the U …

Persistent link: https://www.econbiz.de/10015361484