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We found that on average over the period from 1989 to 2007, 21 percent of American households at a given point of time received a wealth transfer and these accounted for 23 percent of their net worth. Over the lifetime, about 30 percent of households could expect to receive a wealth transfer and...
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We study the relative effect of venture capital and bank finance on large manufacturing firms in local U.S. markets. Theory predicts that with venture capital, the firm size distribution should become more stretched-out to the right, but it’s ambiguous on the effect of banks on large firms....
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This report examines shifts in the pattern of production and employment between different countries and regions of … it comes to location decisions. This has inevitable consequences for employment, as companies expand production in some … locations and seek to rationalise production and employment in others. This study aims to summarise and illustrate these …
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insurance industry and 15% for intermediaries. The sector represented 2.7% of total employment in Europe. Between 2000 and 2006 …
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