Arbeitspapier

Firm-level employment, labour market reforms, and bank distress

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 firmbank 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 exible employment regulation.

ISBN
978-92-899-3903-4
Sprache
Englisch

Erschienen in
Series: ECB Working Paper ; No. 2334

Klassifikation
Wirtschaft
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Labor Force and Employment, Size, and Structure
Mobility, Unemployment, Vacancies, and Immigrant Workers: General
Labor Law
Thema
Structural Reforms
Bank Stress
Employment Protection
Unemployment Insurance

Ereignis
Geistige Schöpfung
(wer)
Stieglitz, Moritz
Setzer, Ralph
Ereignis
Veröffentlichung
(wer)
European Central Bank (ECB)
(wo)
Frankfurt a. M.
(wann)
2019

DOI
doi:10.2866/45057
Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Stieglitz, Moritz
  • Setzer, Ralph
  • European Central Bank (ECB)

Entstanden

  • 2019

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