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DTSTART:20251102T020000
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DESCRIPTION:Michael Mueller-Smith\, associate professor of economics at the
  University of Michigan\, will present\, “Credit Access among Formerly Jus
 tice-Involved Entrepreneurs: Regression Discontinuity Evidence from the Pa
 ycheck Protection Program\,”&nbsp\;as part of the CPR Seminar Series (co-s
 ponsored by the Economics Department).&nbsp\;Abstract: We study the impact
  of credit access among entrepreneurs within the justice-involved communit
 y. First\, we link the Survey of Business Owners to respondents' criminal 
 histories\, finding that small business owners with criminal records recei
 ve less loan-based start-up and expansion capital and are more likely to r
 eport ceasing operations due to financial constraints. Second\, we utilize
  a discrete criminal history-based eligibility rule from the Paycheck Prot
 ection Program in a regression discontinuity design\, estimating the causa
 l effect of federal loans on entrepreneurs with prior felony convictions. 
 We find that loan eligibility improves business outcomes\, reduces wage em
 ployment\, and decreases future recidivism.&nbsp\;
DTEND:20251009T204500Z
DTSTAMP:20260307T203718Z
DTSTART:20251009T193000Z
LOCATION:
SEQUENCE:0
SUMMARY:Credit Access among Formerly Justice-Involved Entrepreneurs: Regres
 sion Discontinuity Evidence
UID:RFCALITEM639084946387612936
X-ALT-DESC;FMTTYPE=text/html:<p>Michael Mueller-Smith\, associate professor
  of economics at the University of Michigan\, will present\, “Credit Acces
 s among Formerly Justice-Involved Entrepreneurs: Regression Discontinuity 
 Evidence from the Paycheck Protection Program\,”&nbsp\;as part of the CPR 
 Seminar Series (co-sponsored by the Economics Department).&nbsp\;</p><p>Ab
 stract: We study the impact of credit access among entrepreneurs within th
 e justice-involved community. First\, we link the Survey of Business Owner
 s to respondents' criminal histories\, finding that small business owners 
 with criminal records receive less loan-based start-up and expansion capit
 al and are more likely to report ceasing operations due to financial const
 raints. Second\, we utilize a discrete criminal history-based eligibility 
 rule from the Paycheck Protection Program in a regression discontinuity de
 sign\, estimating the causal effect of federal loans on entrepreneurs with
  prior felony convictions. We find that loan eligibility improves business
  outcomes\, reduces wage employment\, and decreases future recidivism.&nbs
 p\;</p>
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