Housing credit and female labour supply: assessing the evidence from Greece

Sarantis Lolos and Evangelia Papapetrou
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Evangelia Papapetrou: Bank of Greece and University of Athens

No 141, Working Papers from Bank of Greece

Abstract: This paper brings new evidence on the relationship between housing credit and female labour participation decisions by investigating the possible interdependence between the two variables in the case of Greece. This relationship is analysed through the estimation of a probit model with endogenous regressors using household data of the Income and Living Conditions (EU-SILC) survey for 2008. The empirical results show that mortgage and female labour participation decisions are interrelated. In a broader perspective, the evidence provided in our analysis supports the existence of a finance (housing credit) and real economy activity (female labour supply) nexus.

Keywords: Mortgage market; female labour market participation; endogeneity (search for similar items in EconPapers)
JEL-codes: D91 J2 J21 (search for similar items in EconPapers)
Pages: 34
Date: 2011-11
New Economics Papers: this item is included in nep-eur, nep-lma and nep-ure
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