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COVID-19 pandemic risk and probability of loan default : evidence from marketplace lending market
Nigmonov, Asror; Shams, Syed - In: Financial innovation : FIN 7 (2021), pp. 1-28
2020. We also find that the magnitude of the impact of COVID-19 risk is higher for borrowers with lower credit ratings and …
Persistent link: https://www.econbiz.de/10012705553
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How Optimistic and Pessimistic Narratives About COVID-19 Impact Economic Behavior
Harrs, Sören; Müller, Lara Marie; Rockenbach, Bettina - 2021
Politicians, scientists and journalists have aired vastly different assessments of the COVID-19 pandemic, ranging from rather optimistic to very pessimistic ones. In this paper we investigate how narratives conveying different assessments of the pandemic impact economic behavior. In a controlled...
Persistent link: https://www.econbiz.de/10013227080
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How optimistic and pessimistic narratives about COVID-19 impact economic behavior
Harrs, Sören; Müller, Lara Marie; Rockenbach, Bettina - 2021
Politicians, scientists and journalists have aired vastly different assessments of the COVID-19 pandemic, ranging from rather optimistic to very pessimistic ones. In this paper we investigate how narratives conveying different assessments of the pandemic impact economic behavior. In a controlled...
Persistent link: https://www.econbiz.de/10012517005
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Behavioral responses and welfare reform : evidence from a randomized experiment
Hartley, Robert Paul; Lamarche, Carlos - 2017
Recent studies have used a distributional analysis of welfare reform experiments suggesting that some individuals reduce hours in order to opt into welfare, an example of behavioral-induced participation. Using data on Connecticut's Jobs First experiment, we find no evidence of...
Persistent link: https://www.econbiz.de/10011709466
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(Non-)Keynesian effects of fiscal austerity : new evidence from a large sample
Afonso, António; Alves, José; Huart, Florence - 2021
We empirically assess whether a usually expected negative response of private consumption and private investment to a fiscal consolidation is reversed. We focus on a large sample of 174 countries between 1970 and 2018. We also employ three alternative measures of the Cyclically Adjusted Primary...
Persistent link: https://www.econbiz.de/10012504460
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Macroeconomic disasters and forward-looking consumers : historical evidence and evidence from the Covid-19 pandemic
Pozzi, Lorenzo; Sadaba, Barbara - 2021
Macroeconomic disasters (wars, pandemics, depressions) are characterized by drastic shifts and increased volatility of the aggregate consumption to income ratio. By standard intertemporal budget constraint logic, this ratio is linked to expectations of future income and consumption growth rates....
Persistent link: https://www.econbiz.de/10012511037
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The cost of fiscal policy uncertainty : industry evidence of its impact on the labor market
Wang, J. Christina - 2013 - This version: December 2013
uncertainty, much of which concerns the nation's fiscal policy. Intuition suggests that increased policy uncertainty likely has … of shocks due to policy uncertainty. This study uses industry data to explore whether policy uncertainty indeed affects … that can ultimately be attributed to federal government expenditures. The estimation results reveal that policy uncertainty …
Persistent link: https://www.econbiz.de/10010249810
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Intrahousehold responses to imbalanced human capital subsidies : evidence from the Philippine conditional cash transfer program
Raitzer, David A.; Batmunkh, Odbayar; Yarcia, Damaris - 2021
Extensive global evidence suggests that conditional cash transfers (CCTs) encourage long-term investment in human capital by poor households. However, CCTs also have the potential to distort incentives for investment among children. If only some children in the household are monitored/subsidized...
Persistent link: https://www.econbiz.de/10012796064
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A closer look: proximity boosts homeless student performance in New York City
Cassidy, Michael T. - 2020
Proximity augments homeless students' educational outcomes. Homeless K-8 graders whose families are placed in shelters near their schools have 8 percent (2.4 days) better attendance, are a third (18 percentage points) less likely to change schools, and exhibit higher rates of proficiency and...
Persistent link: https://www.econbiz.de/10012257997
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Short moves and long stays: homeless family responses to exogenous shelter assignments in New York City
Cassidy, Michael T. - 2020
Using an original administrative dataset in the context of a scarcity induced-natural experi-ment in New York City, I find that families placed in shelters in their neighborhoods of origin remain there considerably longer than those assigned to distant shelters. Locally-placed families also...
Persistent link: https://www.econbiz.de/10012258010