CREDIT AND FIRM-LEVEL VOLATILITY OF EMPLOYMENT | |
Quadrini, Vincenzo1,2; Sun, Qi3 | |
刊名 | JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
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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. |
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