The impact of consumer credit access on self-employment and entrepreneurship
The impact of consumer credit access on self-employment and entrepreneurship
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消费信贷准入对自营职业和创业的影响
DOI：
10.1016/j.jfineco.2021.03.004
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发表时间：
2021
影响因子：
8.9
通讯作者：
KyleHerkenhoff, Gordon M.Phillips
中科院分区：
文献类型：
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作者：
KyleHerkenhoff, Gordon M.Phillips
我们通过将300万收入和转嫁税收记录与信用报告联系起来，研究消费信贷如何影响创业。在横截面中，我们表明，没有雇员和雇主公司所有权的自雇单调增加的信用额度和信用评分。然后，我们孤立的个人谁有离散的增加后，外部破产标志的去除，以衡量个人信用对创业的影响。破产标志移除后，个人更有可能开始新的雇主业务并广泛借贷。那些拥有员工的企业在破产标志被移除后多借了4万美元，相对于样本平均值增加了33%。
We examine how consumer credit affects entrepreneurship by linking three million earnings and pass-through tax records to credit reports. In the cross-section, we show that self-employment without employees and employer firm ownership increase monotonically with credit limits and credit scores. We then isolate individuals who have had discrete increases in credit limits after the exogenous removal of bankruptcy flags to measure the effects of personal credit on entrepreneurship. Following bankruptcy flag removal, individuals are more likely to start a new employer business and borrow extensively. Those who own businesses with employees borrow $40,000 more after bankruptcy flag removal, a 33% gain relative to the sample average.