We have a new working paper: Using new data on individual bankruptcies from 19th Century Britain, we find that most bankruptcies occurred where the economy was booming. Check out Jean‘s great summary here!
Jean Lacroix@jeanlacroix.bsky.social · last yr.New Working Paper with the amazing @korntob.bsky.social : tinyurl.com/CESifoWPLocal. It is also my first CESifo Working Paper. In short: We study "local reallocation": the exit of some workers from production even though employment increases in the same area and industry. A short explanation 👇