Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/21288
Authors: 
Del Boca, Daniela
Lusardi, Annamaria
Year of Publication: 
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

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