عنوان
پدید آورنده
موضوع
رده
کتابخانه
محل استقرار
شماره کتابشناسی ملی
شماره
TL52976
زبان اثر
زبان متن نوشتاري يا گفتاري و مانند آن
انگلیسی
عنوان و نام پديدآور
عنوان اصلي
Essays in Technology, Finance, and Labor
نام عام مواد
[Thesis]
نام نخستين پديدآور
Zator, Michal
نام ساير پديدآوران
Benmelech, Efraim
وضعیت نشر و پخش و غیره
نام ناشر، پخش کننده و غيره
Northwestern University
تاریخ نشرو بخش و غیره
2020
يادداشت کلی
متن يادداشت
211 p.
یادداشتهای مربوط به پایان نامه ها
جزئيات پايان نامه و نوع درجه آن
Ph.D.
کسي که مدرک را اعطا کرده
Northwestern University
امتياز متن
2020
یادداشتهای مربوط به خلاصه یا چکیده
متن يادداشت
This dissertation is a wide-range study of the relationships between the three central elements of the production function: technology, capital and its financing, and labor. Chapter 1 analyzes the relationship between labor and recent wave of automation and digitization technologies, showing that while they typically substitute for workers, in several service industries the complementarity effect dominates. This is shown in two ways: (1) labor scarcity, instrumented with population aging, increases investment in technology on average but impedes it in selected industries; (2) technology typically reduces employment but increases it in selected industries. Additional results show that financial constraints impede technology adoption and that the new technology is skill-biased. Overall, the study unwinds the heterogeneous link between new technologies and labor, highlighting the importance of analyzing a broad set of technologies and studying patterns of their adoption. Chapter 2 studies the link between household debt and labor supply. Using income tax data from Poland and exploiting variation in floating-rate mortgage payments driven by inter-bank rates fluctuations, I show that households work and earn more when their mortgage payments are higher. Higher income covers around 35\% of the increase in the payment. The effect is stronger for households with higher payment-to-income ratio and for more flexible income sources. The increase in labor supply is accompanied by a decrease in consumption and savings and is driven by several mechanisms, including spousal labor supply, change of job, and additional income from after-hours contracts. The analysis shows that interests rates can affect labor supply of mortgage holders, with implications for monetary policy and debt relief policies. Chapter 3 studies the effect of debt on Danish exporters' response to a negative demand shock: the 2005 boycott of Danish products in Muslim countries after publication of Muhammad caricatures. Combining balance-sheet data with firms' sales by product-destination in a triple-difference design, we find that only low-leverage firms recoup lost demand by increasing investment, introducing new products and entering new markets. In contrast, high-leverage firms reduce sales and employment, turning to outsourcing to reduce operating risk. These results highlight important flexibility costs of debt, consistent with declarations of practitioners.
اصطلاحهای موضوعی کنترل نشده
اصطلاح موضوعی
Economic theory
اصطلاح موضوعی
Economics
اصطلاح موضوعی
Finance
اصطلاح موضوعی
Labor economics
نام شخص به منزله سر شناسه - (مسئولیت معنوی درجه اول )
مستند نام اشخاص تاييد نشده
Zator, Michal
نام شخص - ( مسئولیت معنوی درجه دوم )
مستند نام اشخاص تاييد نشده
Benmelech, Efraim
شناسه افزوده (تنالگان)
مستند نام تنالگان تاييد نشده
Northwestern University
دسترسی و محل الکترونیکی
نام الکترونيکي
مطالعه متن کتاب وضعیت انتشار
فرمت انتشار
p
اطلاعات رکورد کتابشناسی
نوع ماده
[Thesis]
کد کاربرگه
276903
اطلاعات دسترسی رکورد
سطح دسترسي
a
تكميل شده
Y
