Does local business ownership insulate cities from economic shocks?

Arbeitspapier

We assess a prominent argument for local economic policies that favor locally-owned businesses - namely, that locally-owned firms are more likely to internalize the costs to the community of decisions to reduce employment and hence help to insulate cities from adverse economic shocks. We test this argument by examining how establishment-level employment responses to economic shocks are affected by establishment ownership. We find evidence hat some types of local ownership do insulate regions from economic shocks, although the clearest benefits do not come from small, independent businesses, but instead from corporate headquarters and, to a lesser extent, from small, locally-owned chains.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IZA Discussion Papers ; No. 4415

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Regional Economic Activity: Growth, Development, Environmental Issues, and Changes ; Production Analysis and Firm Location: Government Policy ; Labor Demand
• Thema: Local ownership ; employment shocks ; employment stability ; Kommunale Wirtschaftsentwicklung ; Eigentümerstruktur ; Schock ; Unternehmensentwicklung ; Arbeitsplatzsicherung ; Beschäftigungseffekt ; USA

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Kolko, Jed ; Neumark, David
• Ereignis: Veröffentlichung
• (wer): Institute for the Study of Labor (IZA)
• (wo): Bonn
• (wann): 2009

Weitere Informationen

• Handle: http://hdl.handle.net/10419/35966
• URN: urn:nbn:de:101:1-200910122565
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ