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Marc Gurgand - One of the best experts on this subject based on the ideXlab platform.

  • student loans Liquidity Constraint and higher education in south africa
    Social Science Research Network, 2011
    Co-Authors: Marc Gurgand, Adrien Lorenceau, Thomas Mélonio
    Abstract:

    Empirical evidence that access to higher education is constrained by credit availability is limited and usually indirect. This paper provides direct evidence by comparing university enrollment rates of potential South African students, depending on whether or not they get a loan to cover their university fees, in a context where such fees are high. We use matched individual data from a credit institution (Eduloan) and from the Department of Education. Using a regression-discontinuity design based on the fact that loans are granted according to a credit score threshold, we can estimate the causal impact of loan obtainment. We find that the credit Constraint is substantial, as it reduces the enrollment rate into higher education by more than 20 percentage points in a population of student loan applicants.

  • Student loans: Liquidity Constraint and higher education in South Africa
    2011
    Co-Authors: Marc Gurgand, Adrien Lorenceau, Thomas Mélonio
    Abstract:

    Empirical evidence that access to higher education is constrained by credit availability is limited and usually indirect. This paper provides direct evidence by comparing university enrollment rates of South African potential students, depending on whether they get a loan or not to cover their registration fees, in a context where such fees are high. We use matched individual data from both a credit institution (Eduloan) and the Department of Education. Based on a regression discontinuity design using the fact that loans are granted according to a credit score threshold, we can estimate the causal impact of loan obtainment. We find that the credit Constraint is substantial, as it decreases the enrollment rate into higher education by more than 20 percentage points in a population of student loan applicants.

Thomas Mélonio - One of the best experts on this subject based on the ideXlab platform.

  • student loans Liquidity Constraint and higher education in south africa
    Social Science Research Network, 2011
    Co-Authors: Marc Gurgand, Adrien Lorenceau, Thomas Mélonio
    Abstract:

    Empirical evidence that access to higher education is constrained by credit availability is limited and usually indirect. This paper provides direct evidence by comparing university enrollment rates of potential South African students, depending on whether or not they get a loan to cover their university fees, in a context where such fees are high. We use matched individual data from a credit institution (Eduloan) and from the Department of Education. Using a regression-discontinuity design based on the fact that loans are granted according to a credit score threshold, we can estimate the causal impact of loan obtainment. We find that the credit Constraint is substantial, as it reduces the enrollment rate into higher education by more than 20 percentage points in a population of student loan applicants.

  • Student loans: Liquidity Constraint and higher education in South Africa
    2011
    Co-Authors: Marc Gurgand, Adrien Lorenceau, Thomas Mélonio
    Abstract:

    Empirical evidence that access to higher education is constrained by credit availability is limited and usually indirect. This paper provides direct evidence by comparing university enrollment rates of South African potential students, depending on whether they get a loan or not to cover their registration fees, in a context where such fees are high. We use matched individual data from both a credit institution (Eduloan) and the Department of Education. Based on a regression discontinuity design using the fact that loans are granted according to a credit score threshold, we can estimate the causal impact of loan obtainment. We find that the credit Constraint is substantial, as it decreases the enrollment rate into higher education by more than 20 percentage points in a population of student loan applicants.

Domenico Sarno - One of the best experts on this subject based on the ideXlab platform.

  • Liquidity Constraint on the production of firms in southern italy
    Small Business Economics, 2005
    Co-Authors: Domenico Sarno
    Abstract:

    The paper shows how small and medium enterprises located in the less developed regions of Southern Italy face higher Liquidity Constraints compared to the firms in the Central-Northern Italian regions. The reasons for these Constraints are the undersized nature of firms and higher risk of business activity. Consequently, credit rationing is more extensive. In order to analyse the effects on the potential growth of firms’ production, a simple model is presented, followed by estimates for growth. The results confirm the existence of a bottleneck of financial resources devoted to current finance production that limits the accumulation of working capital even when faced with favourable market opportunities.

  • Liquidity Constraint on the production of firms in southern italy
    Social Science Research Network, 2005
    Co-Authors: Domenico Sarno
    Abstract:

    The Liquidity Constraints faced by small- to medium-sized enterprises (SMEs) in less-developed areas of Southern Italy (Mezzogiorno) are the primary focus of this investigation.These southern firms are also compared to firms in the central and northern regions of Italy.As a result of Liquidity Constraints, there are limitations on the amount of working capital available to these firms and, consequently, there are limits on their ability to expand. Data used in this analysis are from the database maintained by the Mediocredito Centrale and covering the periods of 1992-1994 and 1995-1997.These two periods coincide with the descending and ascending phases, respectively, of the southern SMEs’ economic cycle in the 1990s.Further, the data are from manufacturing companies with less than 500 employees. The Constraints that exist on these firms are the result of their undersized nature and their higher risk business activity.One of the greatest issues they face is in acquiring bank credit.Results of the analysis of the effect of these Constraints on a firm's production demonstrate that, because these firms must concentrate a large amount of their funds on current production, they are unable to accumulate working capital even when the market is favorable. (SRD)

Zichen Deng - One of the best experts on this subject based on the ideXlab platform.

  • Liquidity Constraint shock job search and post match quality evidence from rural to urban migrants in china
    Journal of Labor Research, 2019
    Co-Authors: Yuanyuan Chen, Zichen Deng
    Abstract:

    This paper studies the impact of a Liquidity Constraint shock on the job search behavior and outcomes among rural-to-urban migrant workers in China. A negative Liquidity Constraint shock significantly reduces job search duration and increases the job finding hazard rate for female migrant workers. A negative Liquidity Constraint shock also lowers the subsequent job match quality, including a lower hourly wage, longer working hours, a higher probability of on-the-job searches and lower quality in terms of subsidy. We find little effect on the job search process and post match quality for male migrant workers. From the policy perspective, we show evidence that rural medical insurance, namely, the New Cooperative Medical Scheme (NCMS), can actually ease the impact of a Liquidity Constraint shock for female migrant workers.

Adrien Lorenceau - One of the best experts on this subject based on the ideXlab platform.

  • student loans Liquidity Constraint and higher education in south africa
    Social Science Research Network, 2011
    Co-Authors: Marc Gurgand, Adrien Lorenceau, Thomas Mélonio
    Abstract:

    Empirical evidence that access to higher education is constrained by credit availability is limited and usually indirect. This paper provides direct evidence by comparing university enrollment rates of potential South African students, depending on whether or not they get a loan to cover their university fees, in a context where such fees are high. We use matched individual data from a credit institution (Eduloan) and from the Department of Education. Using a regression-discontinuity design based on the fact that loans are granted according to a credit score threshold, we can estimate the causal impact of loan obtainment. We find that the credit Constraint is substantial, as it reduces the enrollment rate into higher education by more than 20 percentage points in a population of student loan applicants.

  • Student loans: Liquidity Constraint and higher education in South Africa
    2011
    Co-Authors: Marc Gurgand, Adrien Lorenceau, Thomas Mélonio
    Abstract:

    Empirical evidence that access to higher education is constrained by credit availability is limited and usually indirect. This paper provides direct evidence by comparing university enrollment rates of South African potential students, depending on whether they get a loan or not to cover their registration fees, in a context where such fees are high. We use matched individual data from both a credit institution (Eduloan) and the Department of Education. Based on a regression discontinuity design using the fact that loans are granted according to a credit score threshold, we can estimate the causal impact of loan obtainment. We find that the credit Constraint is substantial, as it decreases the enrollment rate into higher education by more than 20 percentage points in a population of student loan applicants.