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Full-Text Articles in Social and Behavioral Sciences
Regional Commercial Bank Lending To Small Businesses In The Wake Of The Great Recession, Boris D. Higgins
Regional Commercial Bank Lending To Small Businesses In The Wake Of The Great Recession, Boris D. Higgins
Hunt Institute Working Paper Series
The purpose of this paper is to document and explain the state by state variation in commercial bank lending to small businesses during the Great Recession. To accomplish this purpose will require several steps. These steps include showing the evidence of the variation in lending across states, the theoretical causes and the empirical findings of a capital supply gap based on market imperfections and employing OLS estimation method on carefully selected economic variables. The empirical results indicate that economic conditions, borrower characteristics and lender characteristics influence lending variation where these results can help in policy formulation.
Assessing The Impact Of Informal Sector Employment On Young Less-Educated Workers, Javier Cano-Urbina, John Gibson
Assessing The Impact Of Informal Sector Employment On Young Less-Educated Workers, Javier Cano-Urbina, John Gibson
Hunt Institute Working Paper Series
In this paper, we develop a search and matching model that allows for two important channels through which participation in the informal sector may benefit young less- educated workers: (i) human capital accumulation, and (ii) employer screening. We calibrate our model using the ENOE, a Mexican household survey on income and labor dynamics. Using our calibrated model, we shed light on many unobservable characteristics of the Mexican labor market for young less-educated workers, most notably the di↵ering hiring standards for informal and formal jobs. Specifically, hiring standards for these workers are found to be substantially higher for formal versus informal …
Is Inflation Caused By Conflict?, Nicolas Cachanosky, Emilio Ocampo
Is Inflation Caused By Conflict?, Nicolas Cachanosky, Emilio Ocampo
Hunt Institute Working Paper Series
We offer a critique of a paper recently published Lorenzoni and Werning (2023) that seeks to make an original contribution to the hypothesis that inflation is primarily caused by conflict and reconcile the Post-Keynesian and New-Keynesian traditions. L&W’s paper has two sections. In the first they develop a barter model that allows them to prove that inflation can occur with conflict and without money. In the second section they incorporate the conflict hypothesis into a broader framework compatible with New Keynesian models. We question the logical consistency and empirical validity of the barter model and the testability of the model …
Productivity Within Groups: An Analysis Of Shirking In High School Cross Country Competitions, Nathan J. Ashby
Productivity Within Groups: An Analysis Of Shirking In High School Cross Country Competitions, Nathan J. Ashby
Hunt Institute Working Paper Series
Using enrollment based classification realignments for high school cross country running competitions in the state of Texas, we analyze the impact of changes in the intensity of competition on individual and team performance. The analysis demonstrates significant improvement in the performance of teams promoted to more competitive classifications in the boys’ division but does not yield similar results in the girls’ division. We also analyze the impact on runners according to their rankings within teams and find improvements to be greater for runners ranking lower relative to team leaders driven by heterogeneity in motivation based on ability or the sequential …