We analyze shocks to productivity, collateral constraint (credit shock), firm operation, and labor disutility in a model of firm dynamics with entry and exit. Shocks to firm operation and labor disutility capture COVID-19 lockdowns. Compared to the productivity shock, the credit and the lockdown...

This paper analyses the effects of minimum wages on competition in the German roofing sector. The case is particularly interesting since this sector is faced with a uniform minimum wage despite significant regional disparities in productivity and wages. As a control industry we take the plumbing...

This paper examines the impact of governmental generous financial support for dine-in restaurants that reduced their business hours in the context of the COVID-19 pandemic on the entry and exit of restaurants using administrative data. The descriptive analysis results show that the number of...