Credit market constraints and labor market decisions
نویسندگان
چکیده
منابع مشابه
Credit Market Constraints and Labor Market Decisions
Credit Market Constraints and Labor Market Decisions 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...
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In this paper, we examine whether the imperfections in the credit market spill over to the labor market. We examine the case of a country that experienced a very high degree of imperfections in the financial markets, but underwent substantial changes in 1992 due to the liberalization brought by the European unification and other institutional changes. Italy is therefore a good laboratory to stu...
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According to a Survey by the Society for Human Resource Management (2010), 60% of human resource representatives interviewed in 2009 indicated that the companies they worked for ran credit checks on potential employees. In this paper, we explore how credit checks (observable signals based on an agent’s unobservable type) may affect outcomes in a matching model of the labor market. We show that ...
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According to a Survey by the Society for Human Resource Management [6], 25% of human resource representatives interviewed in 1998 indicated that the companies they worked for ran credit checks on potential employees while the fraction increased to 43% in 2004. In this paper, we explore how such credit checks (information on observable credit market actions) might help separate workers with hete...
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The possibility of sunspot equilibria and endogenous cycles due to self-fulfilling expectations are explored in a one-sector overlapping-generations model with credit market imperfection. It is shown that a strategic complementarity between agent’s optimal labor supply decisions may arise when the credit market is imperfect. Multiplicity of steady states and local indeterminacy of equilibrium c...
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ژورنال
عنوان ژورنال: Labour Economics
سال: 2003
ISSN: 0927-5371
DOI: 10.1016/s0927-5371(03)00048-4