Zobrazeno 1 - 10
of 92
pro vyhledávání: '"Efraim Benmelech"'
Publikováno v:
Journal of Financial Economics. 146:143-171
Publikováno v:
The Review of Financial Studies. 36:122-154
We introduce and quantify a new channel through which the housing market affects household spending: the home purchase channel. Households spend on average $8,000 more on home-related durables and home improvements in the 2 years following a home pur
Publikováno v:
Journal of Human Resources. 57:S200-S250
We analyze the effect of local-level labor market concentration on wages. Using Census data over the period 1977–2009, we find that: (1) local-level employer concentration exhibits substantial cross-sectional and time-series variation and increases
Publikováno v:
SSRN Electronic Journal.
Autor:
Efraim Benmelech, Michal Zator
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
Journal of Financial Economics. 133:541-563
We provide new evidence that a disruption in credit supply played a quantitatively significant role in the unprecedented contraction of employment during the Great Depression using a novel, hand-collected dataset of large industrial firms. Our identi
Autor:
Bo Becker, Efraim Benmelech
Corporate bond markets proved remarkably resilient against a sharp contraction caused by the 2020 Covid-19 pandemic. We document three important findings: (1) bond issuance increased immediately when the contraction hit, whereas, in contrast, syndica
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::20498fca0f36e6324fa1f33bd2f21df6
https://doi.org/10.3386/w28868
https://doi.org/10.3386/w28868
Publikováno v:
The Review of Financial Studies. 32:2541-2586
This paper identifies a new channel through which bankrupt firms impose negative externalities on non-bankrupt peers. The bankruptcy and liquidation of a retail chain weakens the economies of agglomeration in any given local area, reducing the attrac