Job polarisation and household borrowing

Michele Cantarella () and Ilja Kristian Kavonius
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Michele Cantarella: IMT School for Advanced Studies Lucca

The Journal of Economic Inequality, 2024, vol. 22, issue 4, No 5, 959-980

Abstract: Abstract The last few decades have seen transformative changes to the structure of employment, which have led to a deterioration in demand for middle-skill occupations, a process known as job polarisation. As demand for middle-skill workers shrinks, expectations about households’ income through their lifetime horizon must be adjusted. It is possible that these expectations loop back into the credit system and affect the lending behaviour of credit institutions or that they impact households’ self-assessment of their opportunities to borrow money. In this paper we study how the process of job polarisation affects credit demand and supply, studying its relationship with credit constraint and credit quality.

Keywords: Job polarisation; Job security; Household credit; Employment expectations (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10888-024-09624-x

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