TY  - RPRT
        AU  - Boca, Daniela Del
AU  - Lusardi, Annamaria
        TI  - Credit Market Constraints and Labor Market Decisions
        PY  - 2002/Oct/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 598
        UR  - https://www.iza.org/publications/dp598
        AB  - 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.

        KW  - female labor market participation
KW  - mortgage market
        ER  -