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dc.contributor.authorBoustanifar, Hamid
dc.date.accessioned2014-11-11T12:54:01Z
dc.date.available2014-11-11T12:54:01Z
dc.date.issued2014
dc.identifier.citationJournal of Banking and Finance, 46(2014):343-354nb_NO
dc.identifier.issn0378-4266
dc.identifier.issn1872-6372
dc.identifier.urihttp://hdl.handle.net/11250/225729
dc.descriptionThis is the author’s accepted and refereed manuscript to the article.nb_NO
dc.description.abstractEconomic theory offers competing hypotheses about how the cost and availability of finance influence labor market outcomes. Making use of the U.S. banking reforms between the 1970s and the 1990s as a quasi-natural experiment, this paper studies the impact of credit market development on employment. This paper documents the significant effects of these reforms on employment growth. Potential channels between finance and employment are also investigated. Changes in the growth of the number of self-employed individuals, the entry and exit of firms, and investment growth do not explain most of the employment growth following the reforms. The reforms had a substantially higher impact in industries with higher labor intensity, which is consistent with the idea that labor has fixed costs that need to be financed.nb_NO
dc.language.isoengnb_NO
dc.publisherElseviernb_NO
dc.titleFinance and employment: evidence from U.S. banking reformsnb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.source.journalJournal of Banking and Financenb_NO
dc.identifier.doi10.1016/j.jbankfin.2014.06.006
dc.description.localcode1, Forfatterversjonnb_NO


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