Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/36246 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorCatão, Luis A. V.en
dc.contributor.authorPagés, Carmenen
dc.contributor.authorRosales, Maria Fernandaen
dc.date.accessioned2010-02-01-
dc.date.accessioned2010-07-07T12:07:24Z-
dc.date.available2010-07-07T12:07:24Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/36246-
dc.description.abstractThis paper examines a much overlooked link between credit markets and formalization: since access to bank credit typically requires compliance with tax and employment legislation, firms are more likely to incur such formalization costs once bank credit is more widely available at lower cost; if so, well-functioning credit markets help foster formal employment at the expense of informal jobs. We gauge the relevance of this credit channel using the Rajan-Zingales measure of financial dependence and a difference-in-differences approach applied to household survey data from Brazil - a large emerging market where substantial changes in banking system depth and formalization ratios have taken place and for which consistent data exists. Our results show that formalization rates increase with financial deepening and the more so in sectors where firms are typically more dependent on external finance. We also decompose shifts in aggregate formalization into those within each firm size category and those associated with changes in firm size, and find that financial deepening significantly explains the former but not so much the latter.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x4609en
dc.subject.jelE26en
dc.subject.jelG21en
dc.subject.jelO4en
dc.subject.jelO16en
dc.subject.ddc330en
dc.subject.keywordCredit marketsen
dc.subject.keywordfinancial dependenceen
dc.subject.keywordinformalityen
dc.subject.keywordBrazilen
dc.subject.stwKreditmarkten
dc.subject.stwKreditgeschäften
dc.subject.stwFinanzierungen
dc.subject.stwInformeller Sektoren
dc.subject.stwSchattenwirtschaften
dc.subject.stwLegalisierungen
dc.subject.stwBrasilienen
dc.titleFinancial dependence, formal credit, and informal jobs: new evidence from Brazilian household data-
dc.type|aWorking Paperen
dc.identifier.ppn617481180en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Datei(en):
Datei
Größe
218.27 kB





Publikationen in EconStor sind urheberrechtlich geschützt.