التفاصيل البيبلوغرافية
| العنوان: |
Participation and losses in multi‐level marketing: Evidence from a Federal Trade Commission settlement |
| المؤلفون: |
Bäckman, Claes, Hanspal, Tobin |
| المساهمون: |
Think Forward Initiative |
| المصدر: |
FINANCIAL PLANNING REVIEW ; volume 5, issue 1 ; ISSN 2573-8615 2573-8615 |
| بيانات النشر: |
Wiley |
| سنة النشر: |
2022 |
| المجموعة: |
Wiley Online Library (Open Access Articles via Crossref) |
| الوصف: |
More than 20 million Americans are affiliated with multi‐level marketing firms (MLMs), but there is little empirical evidence on who participates in this controversial part of today's labor market. We link data on 350,000 individuals cited in an Federal Trade Commission settlement with one of the largest MLMs to detailed county‐level information. We find that the share of refund claimants is greater in areas with higher median income and where women are absent from the labor market, suggesting value in flexible work. However, check amount, a proxy for losses, are correlated with higher inequality and lower social capital, suggesting that the pitfalls accrue to vulnerable groups. |
| نوع الوثيقة: |
article in journal/newspaper |
| اللغة: |
English |
| DOI: |
10.1002/cfp2.1137 |
| الإتاحة: |
https://doi.org/10.1002/cfp2.1137Test |
| حقوق: |
http://creativecommons.org/licenses/by/4.0Test/ |
| رقم الانضمام: |
edsbas.EAEE8E6C |
| قاعدة البيانات: |
BASE |
