Unlike traditional firm production, gig economy workers provide their own physical capital. As a consequence, the low-income households for whom gig economy opportunities are most valuable often borrow to participate. In the context of ride share, difference-in-difference analysis reveals increased vehicle purchases, borrowing, utilization, and employment around entry, but financially constrained individuals cannot participate. To assess the equilibrium importance of financing, I build and estimate a structural model of the gig economy. Access to finance proves critical for the gig economy's growth: without finance, equilibrium quantities would be 40% lower and prices 90% higher, and only higher-income households could participate as drivers.

中文翻译：

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为零工经济融资

与传统的企业生产不同，零工经济工人提供自己的实物资本。因此，对于零工经济机会最有价值的低收入家庭来说，他们通常会借钱来参与。在拼车方面，双重差分分析显示，车辆购买、借贷、使用和进入期间的就业有所增加，但经济拮据的个人无法参与。为了评估融资的均衡重要性，我建立并估计了零工经济的结构模型。事实证明，获得融资对于零工经济的增长至关重要：如果没有融资，均衡数量将减少 40%，价格将上涨 90%，而且只有高收入家庭才能作为推动者参与其中。