| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22846 |
| 来源ID | Working Paper 22846 |
| The Impact of Consumer Credit Access on Employment, Earnings and Entrepreneurship | |
| Kyle Herkenhoff; Gordon Phillips; Ethan Cohen-Cole | |
| 发表日期 | 2016-11-21 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | How does consumer credit access impact job flows, earnings, and entrepreneurship? To answer this question, we build a new administrative dataset which links individual employment and entrepreneur tax records to TransUnion credit reports, and we exploit the discrete increase in consumer credit access following bankruptcy flag removal. After flag removal, individuals flow into self-employment. New entrants earn more, borrow significantly using unsecured and secured consumer credit, and are more likely to become an employer business. In addition, after flag removal, non-employed and self-employed individuals are more likely to find unemployment-insured "formal" jobs at larger firms that pay greater wages. These estimates imply that firms believe previously bankrupt workers are 3.8% less productive than non-bankrupt workers, on average. These results suggest that consumer credit access matters for each stage of entrepreneurship and that credit-checks may be limiting formal sector employment opportunities. |
| 主题 | Microeconomics ; Households and Firms ; Market Structure and Distribution ; Economics of Information ; Macroeconomics ; Consumption and Investment ; Financial Economics ; Financial Institutions ; Corporate Finance ; Other ; Law and Economics ; Industrial Organization ; Firm Behavior ; Accounting, Marketing, and Personnel ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w22846 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580520 |
| 推荐引用方式 GB/T 7714 | Kyle Herkenhoff,Gordon Phillips,Ethan Cohen-Cole. The Impact of Consumer Credit Access on Employment, Earnings and Entrepreneurship. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22846.pdf（537KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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