CREDIT MARKET REGULATIONS CHANGES AND LABOR MARKET DECISIONS
Daniela Del Boca () and
Annamaria Lusardi ()
CHILD Working Papers from CHILD - Centre for Household, Income, Labour and Demographic economics - ITALY
In this paper, we examine whether the imperfections in the credit market spill over to the labor market. We examine the case of a country that experienced a very high degree of imperfections in the financial markets, but underwent substantial changes in 1992 due to the liberalization brought by the European unification and other institutional changes. Italy is therefore a good laboratory to study the effects of the financial markets on the labor market. Examining the period 1989-1993, we find that labor market decisions are influenced by household debt commitments, and, in particular, by constraints in the mortgage market.
Keywords: credit constraints; female labor market Participation. (search for similar items in EconPapers)
JEL-codes: J2 D9 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:wpc:wplist:wp22_01
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