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http://hdl.handle.net/10419/21288
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| Title: | | Credit Market Constraints and Labor Market Decisions  |
| Authors: | | Del Boca, Daniela Lusardi, Annamaria |
| Issue Date: | | 2002 |
| Series/Report no.: | | IZA Discussion paper series 598 |
| Abstract: | | In this paper, we examine whether imperfections in credit markets spill over to other markets, particularly the labor market. We take the case of Italy, a country that experienced changes in the mortgage market brought about by the 1992 European unification and other institutional shifts. These events make Italy a good laboratory to study the effects of financial markets on the labor market. Using a simultaneous equation framework and household data from the Bank of Italy between 1989 and 1993, we estimate the relationship between female participation and mortgage use. We find a significant impact of mortgages on women?s participation in the labor market. |
| Subjects: | | mortgage market female labor market participation |
| JEL: | | D91 J2 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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