CREDIT AND FIRM-LEVEL VOLATILITY OF EMPLOYMENT

doi:10.1093/jeea/jvx039

CORC > 上海财经大学 > 上海财经大学

	CREDIT AND FIRM-LEVEL VOLATILITY OF EMPLOYMENT
	Quadrini, Vincenzo 1,2; Sun, Qi 3
刊名	JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
	2018-10
卷号	16 期号:5 页码:1433-1475
ISSN号	1542-4766
DOI	10.1093/jeea/jvx039
英文摘要	We study a firm dynamics model where access to credit improves the bargaining position of firms with workers and increases the incentive to hire. To evaluate the importance of the bargaining channel for the hiring decisions of firms, we estimate the model structurally using data from Compustat and Capital IQ. We find that the bargaining channel explains 13% of firm-level employment volatility. We also evaluate the relative contribution of credit and revenue shocks for firm-level employment fluctuations and find that credit shocks account for 22%. (JEL: G32, J30)
WOS研究方向	Business & Economics
语种	英语
出版者	OXFORD UNIV PRESS
WOS记录号	WOS:000452736600004
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/496]
专题	上海财经大学
通讯作者	Quadrini, Vincenzo
作者单位	1.Univ Southern Calif, Los Angeles, CA 90007 USA; 2.CEPR, Washington, DC 20009 USA; 3.Shanghai Univ Finance & Econ, Shanghai, Peoples R China
推荐引用方式 GB/T 7714	Quadrini, Vincenzo,Sun, Qi. CREDIT AND FIRM-LEVEL VOLATILITY OF EMPLOYMENT[J]. JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION,2018,16(5):1433-1475.
APA	Quadrini, Vincenzo,&Sun, Qi.(2018).CREDIT AND FIRM-LEVEL VOLATILITY OF EMPLOYMENT.JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION,16(5),1433-1475.
MLA	Quadrini, Vincenzo,et al."CREDIT AND FIRM-LEVEL VOLATILITY OF EMPLOYMENT".JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION 16.5(2018):1433-1475.