Financial frictions, occupational choice and economic inequality

Allub, Lian; Erosa, Andrés

Financial frictions, occupational choice and economic inequality

Author(s): Allub, Lian; Erosa, Andrés

Publisher: Elsevier

Issued date: 2019-11-01

Citation: Allub, L., & Erosa, A. (2019). Financial frictions, occupational choice and economic inequality.Journal of Monetary Economics, 107, pp. 63-76.

ISSN: 0304-3932

DOI: https://doi.org/10.1016/j.jmoneco.2018.12.003

xmlui.dri2xhtml.METS-1.0.item-contributor-funder: Ministerio de Economía y Competitividad (España)
Comunidad de Madrid

Sponsor: Authors acknowledge financial support from CAF-Development Bank of Latin America. Erosa acknowledges financial support from the Ministerio de Economia y Competitividad of Spain (grants ECO2015-68615-P and MDM 2014-0431) and Comunidad de Madrid, MadEco-CM (S2015/HUM-3444)

Project: Comunidad de Madrid. S2015/HUM-3444
Gobierno de España. ECO2015-68615-P
Gobierno de España. MDM 2014-0431

Keywords: Financial frictions , Entrepreneurs , Employers , Self-employed , TFP , Inequality

URI: http://hdl.handle.net/10016/35314

Rights: © 2018 Elsevier B.V. All rights reserved.
Atribución-NoComercial-SinDerivadas 3.0 España

Abstract:

The Lucas (1978) model is extended to incorporate heterogeneity in working ability and a time allocation decision by entrepreneurs (work versus manage). Financial frictions dis- tort not only the average skill of entrepreneurs but also the average skill of wor [+]

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