Brown, J. David; Earle, John S. - 2013
.S. affecting firm behavior, but little is known about their outcomes. This paper estimates the effects on employment using a list … years of employment history and other variables. The results imply positive average effects on loan recipient employment of … about 25 percent, or 3 jobs at the mean. Including loan amount, we find little or no impact of loan receipt per se, but an …