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, high long-term unemployment, stagnant or declining wages for low-to-medium skill jobs owing to adverse labor demand shifts …, and a greater rebound in low-wage than mid- or higher-wage jobs, raised concerns that the normal business cycle dynamics …
Persistent link: https://www.econbiz.de/10011388328
In the aftermath of the U.S. financial crisis, both a sharp drop in employment and a surge in corporate cash have been observed. In this paper, based on U.S. data, we document that the negative relationship between the corporate cash ratio and employment is systematic, both over time and across...
Persistent link: https://www.econbiz.de/10010258803
Can the macroeconomic effects of credit supply shocks be large even when a small share of firms are credit-constrained? I use U.K. firm-level accounting data to discipline a heterogeneous-firm model in which the interaction between real and financial frictions induces precautionary cash...
Persistent link: https://www.econbiz.de/10012858740
Can the macroeconomic effects of credit supply shocks be large even when a small share of firms are credit-constrained? I use U.K. firm-level accounting data to discipline a heterogeneous-firm model in which the interaction between real and financial frictions induces precautionary cash...
Persistent link: https://www.econbiz.de/10012137584
Self-efficacy reflects the self-belief that one can persistently perform difficult and novel tasks while coping with adversity. As such beliefs reflect how individuals behave, think, and act, they are key for successful entrepreneurial activities. While existing literature mainly analyzes the...
Persistent link: https://www.econbiz.de/10013493905
This paper examines the dynamics of Turkey's labor market using job flow analysis. We analyze administrative data from 2006 to 2021, encompassing all non-financial firms and their employees registered with social security institutions, to examine employment dynamics during various periods,...
Persistent link: https://www.econbiz.de/10014391199
incorporated entrepreneurs create 50% more jobs than sole proprietors. The result derives from the fact that high … low ability, the misfits, who start sole proprietorships. This does not, however, mean that the aggregate number of jobs …
Persistent link: https://www.econbiz.de/10010490795
competitiveness of the economy and may establish new jobs. The gains of entrepreneurship are only realized, however, if the business …
Persistent link: https://www.econbiz.de/10011413660
Only a minority of micro-businesses create jobs for others. This paper addresses whether personal characteristics and … of significant growth in self-employment but a declining proportion who create jobs, an investigation using longitudinal …
Persistent link: https://www.econbiz.de/10011986025
. On average high-growth firms generated between three or four times as many jobs as large non-high-growth job creating …
Persistent link: https://www.econbiz.de/10011863450