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IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
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http://hdl.handle.net/10419/36120
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Dromel, Nicolas | | en_US |
| dc.contributor.author | | Kolakez, Elie | | en_US |
| dc.contributor.author | | Lehmann, Etienne | | en_US |
| dc.date.accessioned | | 2009-12-04 | | en_US |
| dc.date.accessioned | | 2010-07-07T12:06:12Z | | - |
| dc.date.available | | 2010-07-07T12:06:12Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.pi | | urn:nbn:de:101:1-20091104951 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/36120 | | - |
| dc.description.abstract | | In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its persistence. For this purpose, we first develop a theoretical model based on the equilibrium matching framework of Mortensen and Pissarides (1999) and Pissarides (2000) where we introduce credit constraints. We show these credit constraints not only increase steady-state unemployment, but also slow down the transitional dynamics. We then provide an empirical illustration based on a country panel dataset of 20 OECD countries. Our results suggest that credit market imperfections significantly increase the persistence of unemployment. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | IZA Bonn | | en_US |
| dc.relation.ispartofseries | | IZA Discussion Papers 4501 | | en_US |
| dc.subject.jel | | E24 | | en_US |
| dc.subject.jel | | E44 | | en_US |
| dc.subject.jel | | J08 | | en_US |
| dc.subject.jel | | J64 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Credit markets | | en_US |
| dc.subject.keyword | | labor markets | | en_US |
| dc.subject.keyword | | unemployment | | en_US |
| dc.subject.keyword | | credit constraints | | en_US |
| dc.subject.keyword | | search frictions | | en_US |
| dc.subject.stw | | Arbeitslosigkeit | | en_US |
| dc.subject.stw | | Hysteresis | | en_US |
| dc.subject.stw | | Verschuldungsrestriktion | | en_US |
| dc.subject.stw | | Theorie der Arbeitslosigkeit | | en_US |
| dc.subject.stw | | Arbeitsuche | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | OECD-Staaten | | en_US |
| dc.title | | Credit constraints and the persistence of unemployment | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 614352827 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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