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Cyclical lending standards: A structural analysis

Chen, Kaiji; Higgins, Patrick; Zha, Tao - 2020

Lending standards are a direct measure of credit conditions. We use the micro data merged from three separate sources to construct this measure and document that an uncertain macroeconomic outlook, rather than banks' balance sheet positions, was an important reason that a majority of banks...

Persistent link: https://www.econbiz.de/10012389583

Spending responses to state sales tax holidays

Agarwal, Sumit; McGranahan, Leslie - 2012

spending response to these holidays. Using a diff-in-diff methodology, we find that STHs increase overall daily spending by 8 …%, with large percentage increases in spending on children's clothes and shoes of 193% and 98% respectively. Consumers with … children increase spending more during STHs. Our estimates of price elasticities range from 6 for big box merchants to 30 for …

Persistent link: https://www.econbiz.de/10010292191

Consumption, wealth, and income inequality: A tale of tails

Gaillard, Alexandre; Hellwig, Christian; Wangner, Philipp; … - 2023

We provide evidence that the distributions of consumption, labor income, wealth, and capital income exhibit asymptotic power-law behavior with a strict ranking of upper tail inequality, in that order, from the least to the most unequal. We show analytically and quantitatively that the canonical...

Persistent link: https://www.econbiz.de/10014480446

Household Consumption Through Recent Recessions

Crossley, Thomas F.; Low, Hamish; O'Dea, Cormac - 2011

This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK. The 'Great Recession' has been different from those that occurred in the 1980s and 1990s. It has been both deeper and longer, but also the composition of the cutbacks in...

Persistent link: https://www.econbiz.de/10010500198

The Long Term Impact of French Settlement on Education in Algeria

Merrouche, Ouarda - 2007

This paper provides evidence on the long run relationship between European settlers presence and education levels in Algeria. To correct for endogenous sorting of settlers (and natives) into regions I rely on the fact that proximity to the Mediteranean coast determined the timing of conquest and...

Persistent link: https://www.econbiz.de/10010321565

Sick of your colleagues' absence?

Hesselius, Patrik; Johansson, Per; Nilsson, Peter - 2009

We utilize a large-scale randomized social experiment to identify how coworkers affect each other's effort as measured by work absence. The experiment altered the work absence incentives for half of all employees living in Göteborg, Sweden. Using administrative data we are able to recover the...

Persistent link: https://www.econbiz.de/10010273918

Monitoring and norms in sickness insurance: Empirical evidence from a natural experiment

Hesselius, Patrik; Johansson, Per; Vikström, Johan - 2008

We test if social work norms are important for work absence due to self-perceived sick-ness. To this end, we use a randomized social experiment designed to estimate the effect of monitoring on work absence. The treated were exposed to less monitoring of their eligibility to use sickness...

Persistent link: https://www.econbiz.de/10010273936

Social interactions and unemployment

Hedström, Peter; Kolm, Ann-Sofie; Åberg, Yvonne - 2003

This paper is concerned with social interactions and their importance for unemployment. A theoretical model is specified in which the psychological costs of unemployment depend upon the unemployment level. The analysis reveals social multiplier effects, and shows that multiple unemployment...

Persistent link: https://www.econbiz.de/10010321036

Social Interactions and Unemployment

Hedström, Peter; Kolm, Ann-Sofie; Åberg, Yvonne - 2003

This paper is concerned with social interactions and their importance for unemployment. A theoretical model is specified in which the social and psychological costs of unemployment depend upon the unemployment level. The theoretical analysis reveals social multiplier effects, and shows that...

Persistent link: https://www.econbiz.de/10010321622

Interactions between local and migrant workers at the workplace

Epstein, Gil S.; Mealem, Yosef - 2010

In this paper we consider the interaction between local workers and migrants in the production process of a firm. Both local workers and migrants can invest effort in assimilation activities in order to increase the assimilation of the migrants into the firm and so by increase their interaction...

Persistent link: https://www.econbiz.de/10010336063