| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28640 |
| 来源ID | Working Paper 28640 |
| The Labor Effects of Pro-labor Bias in Bankruptcy | |
| Aloisio Araujo; Rafael Ferreira; Spyridon Lagaras; Flavio Moraes; Jacopo Ponticelli; Margarita Tsoutsoura | |
| 发表日期 | 2021-04-05 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Judicial decisions in bankruptcy are often influenced by the goal of preserving employment. Using the text of judicial decisions and the random assignment of cases across courts in the state of São Paulo in Brazil, we construct a novel court-level measure of pro-labor bias and study its effect on labor market outcomes. Employees of distressed firms assigned to high pro-labor courts are more likely to stay with their employer; however, they experience a 4.5% decline in earnings. This effect is driven by wage adjustments, it is stronger for workers with better outside options, and concentrated in periods of economic expansion. |
| 主题 | Financial Economics ; Corporate Finance ; Labor Economics ; Labor Compensation ; Other ; Law and Economics ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w28640 |
| 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/586313 |
| 推荐引用方式 GB/T 7714 | Aloisio Araujo,Rafael Ferreira,Spyridon Lagaras,et al. The Labor Effects of Pro-labor Bias in Bankruptcy. 2021. |
| 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 | ||
| w28640.pdf（779KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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