Matches in SemOpenAlex for { <https://semopenalex.org/work/W3172025463> ?p ?o ?g. }
- W3172025463 endingPage "145" @default.
- W3172025463 startingPage "127" @default.
- W3172025463 abstract "Labor market frictions help explain the credit spread puzzle. In U.S. aggregate data and newly assembled U.S. industry-level and cross-country panel datasets, the relation between unemployment and credit risk is strong and positive. In a search model of equilibrium unemployment embedded with defaultable debt and capital accumulation, search frictions create downward rigidity in expected search costs, hindering firms from repaying creditors particularly in bad times and rendering corporate debt riskier. Quantitatively, the model replicates the strongly positive relation between unemployment and credit risk as well as salient features of the credit spread, including its level, volatility, cyclicality, and skewness." @default.
- W3172025463 created "2021-06-22" @default.
- W3172025463 creator A5013492905 @default.
- W3172025463 date "2021-10-01" @default.
- W3172025463 modified "2023-09-23" @default.
- W3172025463 title "Unemployment and credit risk" @default.
- W3172025463 cites W1560350676 @default.
- W3172025463 cites W1574786337 @default.
- W3172025463 cites W2008301397 @default.
- W3172025463 cites W2027063727 @default.
- W3172025463 cites W2047134779 @default.
- W3172025463 cites W2056674732 @default.
- W3172025463 cites W2060351950 @default.
- W3172025463 cites W2073413050 @default.
- W3172025463 cites W2088563154 @default.
- W3172025463 cites W2095686833 @default.
- W3172025463 cites W2100935590 @default.
- W3172025463 cites W2102342703 @default.
- W3172025463 cites W2114859981 @default.
- W3172025463 cites W2117178635 @default.
- W3172025463 cites W2122270438 @default.
- W3172025463 cites W2150617721 @default.
- W3172025463 cites W2154044885 @default.
- W3172025463 cites W2158012297 @default.
- W3172025463 cites W2158366624 @default.
- W3172025463 cites W2158388158 @default.
- W3172025463 cites W2240968826 @default.
- W3172025463 cites W2553992319 @default.
- W3172025463 cites W2741702477 @default.
- W3172025463 cites W2752971571 @default.
- W3172025463 cites W3022857464 @default.
- W3172025463 cites W3121151953 @default.
- W3172025463 cites W3121356933 @default.
- W3172025463 cites W3121437254 @default.
- W3172025463 cites W3122403692 @default.
- W3172025463 cites W3122646160 @default.
- W3172025463 cites W3123097597 @default.
- W3172025463 cites W3123413392 @default.
- W3172025463 cites W3123415522 @default.
- W3172025463 cites W3123443645 @default.
- W3172025463 cites W3123952677 @default.
- W3172025463 cites W3124020533 @default.
- W3172025463 cites W3124082184 @default.
- W3172025463 cites W3124134784 @default.
- W3172025463 cites W3124481312 @default.
- W3172025463 cites W3124550551 @default.
- W3172025463 cites W3124664134 @default.
- W3172025463 cites W3124671376 @default.
- W3172025463 cites W3124789532 @default.
- W3172025463 cites W3124849500 @default.
- W3172025463 cites W3125019062 @default.
- W3172025463 cites W3125404141 @default.
- W3172025463 cites W3125410471 @default.
- W3172025463 cites W3126055937 @default.
- W3172025463 cites W3126059480 @default.
- W3172025463 cites W3126074134 @default.
- W3172025463 cites W3126084767 @default.
- W3172025463 cites W4235715341 @default.
- W3172025463 cites W4241680058 @default.
- W3172025463 cites W4247846273 @default.
- W3172025463 cites W4252994084 @default.
- W3172025463 cites W4361851987 @default.
- W3172025463 cites W2045529274 @default.
- W3172025463 doi "https://doi.org/10.1016/j.jfineco.2021.05.046" @default.
- W3172025463 hasPublicationYear "2021" @default.
- W3172025463 type Work @default.
- W3172025463 sameAs 3172025463 @default.
- W3172025463 citedByCount "4" @default.
- W3172025463 countsByYear W31720254632015 @default.
- W3172025463 countsByYear W31720254632018 @default.
- W3172025463 countsByYear W31720254632021 @default.
- W3172025463 countsByYear W31720254632022 @default.
- W3172025463 crossrefType "journal-article" @default.
- W3172025463 hasAuthorship W3172025463A5013492905 @default.
- W3172025463 hasConcept C10138342 @default.
- W3172025463 hasConcept C120527767 @default.
- W3172025463 hasConcept C139719470 @default.
- W3172025463 hasConcept C149782125 @default.
- W3172025463 hasConcept C149933338 @default.
- W3172025463 hasConcept C162324750 @default.
- W3172025463 hasConcept C178350159 @default.
- W3172025463 hasConcept C2778126366 @default.
- W3172025463 hasConcept C556758197 @default.
- W3172025463 hasConcept C6422946 @default.
- W3172025463 hasConcept C91602232 @default.
- W3172025463 hasConceptScore W3172025463C10138342 @default.
- W3172025463 hasConceptScore W3172025463C120527767 @default.
- W3172025463 hasConceptScore W3172025463C139719470 @default.
- W3172025463 hasConceptScore W3172025463C149782125 @default.
- W3172025463 hasConceptScore W3172025463C149933338 @default.
- W3172025463 hasConceptScore W3172025463C162324750 @default.
- W3172025463 hasConceptScore W3172025463C178350159 @default.
- W3172025463 hasConceptScore W3172025463C2778126366 @default.
- W3172025463 hasConceptScore W3172025463C556758197 @default.
- W3172025463 hasConceptScore W3172025463C6422946 @default.
- W3172025463 hasConceptScore W3172025463C91602232 @default.
- W3172025463 hasIssue "1" @default.
- W3172025463 hasLocation W31720254631 @default.