Firm-level employment, labour market reforms, and bank distress / Ralph Setzer, Moritz Stieglitz
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Discovery
1668106418
URN
urn:nbn:de:gbv:3:2-109032
DOI
ISBN
ISSN
Autorin / Autor
Beiträger
Körperschaft
Erschienen
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, 01. Juli 2019
Umfang
1 Online-Ressource (III, 55 Seiten, MB) : Diagramm
Ausgabevermerk
Sprache
eng
Anmerkungen
Gesehen am 23.07.2020
Inhaltliche Zusammenfassung
We explore the interaction between labour market reforms and financial frictions. Our study combines a new cross-country reform database on labour market reforms with matched firm-bank data for nine euro area countries over the period 1999 to 2013. While we find that labour market reforms are overall effective in increasing employment, restricted access to bank credit can undo up to half of long-term employment gains at the firm-level. Entrepreneurs without sufficient access to credit cannot reap the full benefits of more flexible employment regulation.
Schriftenreihe
IWH-Diskussionspapiere ; 2019, no. 15 (June 2019) ppn:837399270