Job polarisation and household borrowing

Michele Cantarella and Ilja Kristian Kavonius

No 2683, Working Paper Series from European Central Bank

Abstract: The last few decades have been accompanied by disruptive changes to the structure ofemployment which have led to deterioration in demand for middle-skill occupations, a processknown as job polarisation. As the demand for middle-skill workers shrinks, expectationsabout households’ income through their lifetime horizon are adjusted. It is unclear whetherthese expectations can loop back into the credit system, and affect the lending behaviour ofcredit institutions, or whether this process impacts on the households’ self-assessment of theiropportunities to borrow money. In this paper, we study how the process of job polarisationaffects credit demand and supply, studying its relationship with credit constraint and creditquality. JEL Classification: G51, J24, D84, O15

Keywords: employment expectations; household credit; job polarisation; job security (search for similar items in EconPapers)
Date: 2022-07
New Economics Papers: this item is included in nep-ban and nep-lma
Note: 374170
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Journal Article: Job polarisation and household borrowing (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20222683

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