Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/287750 
Year of Publication: 
2024
Series/Report no.: 
IWH Discussion Papers No. 7/2024
Publisher: 
Halle Institute for Economic Research (IWH), Halle (Saale)
Abstract: 
We investigate whether employees in Germany benefit from public bank guarantees in terms of employment probability and wages. To that end, we exploit the removal of public bank guarantees in Germany in 2001 as a quasi-natural experiment. Our results show that bank guarantees lead to higher employment, but lower wage prospects for employees after working in affected establishments. Overall the results suggest that employees do not benefit from bank guarantees.
Subjects: 
bank guarantees
credit
employment
public banks
wages
JEL: 
E24
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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