%0 Report
        %A Boca, Daniela Del
%A Lusardi, Annamaria
        %T Credit Market Constraints and Labor Market Decisions
        %D 2002
        %8 2002 Oct
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 598
        %U https://www.iza.org/publications/dp598
        %X 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.

        %K female labor market participation
%K mortgage market