Freedman and Medoff looked at effects on profits (and concluded that the
profit effects almost exactly offset the productivity differences), but
I don't know of any study of bankruptcy. I've seen a study that showed
that union firms have higher debt-equity ratios. - - Bill
William T. Dickens
The Brookings Institution
1775 Massachusetts Avenue, NW
Washington, DC 20036
Phone: (202) 797-6113
FAX: (202) 797-6181
E-MAIL: [EMAIL PROTECTED]
AOL IM: wtdickens
>>> [EMAIL PROTECTED] 10/11/02 11:45AM >>>
I didn't know the answer to this. Does anyone else?
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
"He wrote a letter, but did not post it because he felt that no one
would have understood what he wanted to say, and besides it was not
necessary that anyone but himself should understand it."
Leo Tolstoy, *The Cossacks*
