Journal ArticleJournal of Law Economics and Organization · March 1, 2025
We document a novel relationship between networks of firms linked through ownership (i.e., business groups) and labor income using matched employer-employee data for Chile. Business group affiliation is associated with higher wages, even after controlling ...
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Journal ArticleReview of Economic Studies · May 1, 2024
Industrialization experiences differ substantially across countries. We use a benchmark model of structural change to shed light on the sources of this heterogeneity and, in particular, the phenomenon of premature deindustrialization. Our analysis leads to ...
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Journal ArticleJournal of Financial Stability · April 1, 2021
The coronavirus (COVID-19) pandemic halted economic activity worldwide, hurting firms and pushing many of them toward bankruptcy. This paper discusses four central issues that have emerged in the academic and policy debates related to firm financing during ...
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Journal ArticleInternational Labour Review · June 1, 2015
In countries where informal, insecure jobs are widespread, traditional labour market indicators - such as the unemployment rate, labour force participation rate and wages - are not necessarily the most meaningful. The authors use a multidimensional employm ...
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