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BibTex format

@article{Nanda:2020:10.1111/jofi.12955,
author = {Nanda, R and Barrot, J-N},
doi = {10.1111/jofi.12955},
journal = {The Journal of Finance},
pages = {3139--3173},
title = {The employment effects of faster payment: Evidence from the federal quickpay reform},
url = {http://dx.doi.org/10.1111/jofi.12955},
volume = {75},
year = {2020}
}

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RIS format (EndNote, RefMan)

TY  - JOUR
AB  - We study the impact of Quickpay, a reform that permanently accelerated payments to small business contractors of the U.S. government. We find a strong direct effect of the reform on employment growth at the firm level. However, we document substantial crowding out of nontreated firms' employment within local labor markets. While the overall net employment effect is positive, it is close to zero in tight labor markets. Our results highlight an important channel for alleviating financing constraints in small firms, but emphasize the generalequilibrium effects of largescale interventions, which can lead to lower aggregate outcomes depending on labor market conditions.
AU  - Nanda,R
AU  - Barrot,J-N
DO  - 10.1111/jofi.12955
EP  - 3173
PY  - 2020///
SN  - 0022-1082
SP  - 3139
TI  - The employment effects of faster payment: Evidence from the federal quickpay reform
T2  - The Journal of Finance
UR  - http://dx.doi.org/10.1111/jofi.12955
UR  - https://onlinelibrary.wiley.com/doi/10.1111/jofi.12955
UR  - http://hdl.handle.net/10044/1/87569
VL  - 75
ER  -

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Professor Ramana Nanda

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