Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/269090 
Year of Publication: 
2022
Series/Report no.: 
ECB Working Paper No. 2683
Publisher: 
European Central Bank (ECB), Frankfurt a. M.
Abstract: 
The last few decades have been accompanied by disruptive changes to the structure of employment which have led to deterioration in demand for middle-skill occupations, a process known as job polarisation. As the demand for middle-skill workers shrinks, expectations about households' income through their lifetime horizon are adjusted. It is unclear whether these expectations can loop back into the credit system, and affect the lending behaviour of credit institutions, or whether this process impacts on the households' self-assessment of their opportunities to borrow money. In this paper, we study how the process of job polarisation affects credit demand and supply, studying its relationship with credit constraint and credit quality.
Subjects: 
Job polarisation
Job security
Household credit
Employment expectations
JEL: 
G51
J24
D84
O15
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-5267-5
Document Type: 
Working Paper

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