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Unsecured Credit and Self-Employment

Author

Listed:
  • Kartik Athreya

    (Federal Reserve Bank of Richmond)

  • Ahmet Akyol

    (York University)

Abstract

by shifting borrowing away from younger and poorer households, to older, richer ones. In sum, strict limits to liability impede credit markets, and do so in a way that is quite regressive.

Suggested Citation

  • Kartik Athreya & Ahmet Akyol, 2007. "Unsecured Credit and Self-Employment," 2007 Meeting Papers 49, Society for Economic Dynamics.
    • Handle: RePEc:red:sed007:49
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    Cited by:

    1. Campanale Claudio, 2010. "Private Equity Returns in a Model of Entrepreneurial Choice with Learning," The B.E. Journal of Macroeconomics, De Gruyter, vol. 10(1), pages 1-37, July.
    2. Césaire Meh & Yaz Terajima, 2008. "Unsecured Debt, Consumer Bankruptcy, and Small Business," Staff Working Papers 08-5, Bank of Canada.
    3. Ahmet Akyol & Kartik Athreya, 2009. "Self-employment rates and business size: the roles of occupational choice and credit market frictions," Annals of Finance, Springer, vol. 5(3), pages 495-519, June.

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