Showing 1 - 10 of 1,842
This paper examines the relationship between the structure of banking markets and economic growth using a new dataset … on manufacturing industry-level growth rates and banking market concentration for U.S. states during 1899-1929--a period … impact on manufacturing sector growth in the early twentieth century, with little variation across industries with different …
Persistent link: https://www.econbiz.de/10012462942
We develop a micro-founded general equilibrium model with heterogeneous agents and three dimensions of financial inclusion: access (determined by a participation cost), depth (determined by a borrowing constraint), and intermediation efficiency (determined by a monitoring cost). We find that the...
Persistent link: https://www.econbiz.de/10012457845
To explain the evolution of U.S. deposit institutions and markets in the 1960sand 1970s, we feed into the regulatory dialectic assumptions about the objectives of federal banking regulation and about outside forces that disturb the adjustment process. The disturbing exogenous forces are...
Persistent link: https://www.econbiz.de/10012478483
macroeconomic targets, such as output growth and the rate of inflation. The model centers around the government budget constraint … and output growth. The model can assess the impact on the relation between fiscal adjustment and sustainable inflation … analysis of inflation, external debt and financial sector reform in Turkey …
Persistent link: https://www.econbiz.de/10012476329
This paper presents an analysis of the determinants of re-employment probabilities for young workers in the U.S. Using data from the new National Longitudinal Survey youth cohort a model is developed to analyze the transition probabilities from nonemployment to employment. The key factors...
Persistent link: https://www.econbiz.de/10012477049
This paper presents evidence that young unemployed job seekers choose higher levels of search effort (as measured by numbers of methods used and time spent per method) and lower relative reservation wages than do comparable employed seekers. The unemployed also have higher probabilities of...
Persistent link: https://www.econbiz.de/10012477215
In this paper I analyze how young black and white unemployed jobseekers use various methods of search, and the employment outcomes which result from their use.The focus is on distinguishing informal search methods (i.e.,friends and relatives or direct application without referral) from more...
Persistent link: https://www.econbiz.de/10012477216
In this paper I investigate the use of different search methods by unemployed youth. I present a job search model which shows that search method choices should be related to their costs and expected productivities, as well as other factors such as nonwage income and wage offer distributions. I...
Persistent link: https://www.econbiz.de/10012477217
In this paper I provide some evidence on the question of whether the behavior of unemployed young blacks, whose reservation wages are relatively high and whose jobless spells are very lengthy, reflect rational maximizing choices. To do this, I use a simple income-maximizing job search model to...
Persistent link: https://www.econbiz.de/10012477678
This paper analyzes reservation wages and durations of nonemployment for young blacks and whites. Selfreported reservation wages are compared for blacks and whites before and after controlling for indicators of labor demand such as received wages, weeks worked, or other personal characterlstics....
Persistent link: https://www.econbiz.de/10012477820