Labor market effects of credit constraints: Evidence from a natural experiment (Record no. 527824)
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| 000 -LEADER | |
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| fixed length control field | 01217nam a22001457a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 240927b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Kuma, Anil and Liang, Che-Yuan |
| 245 ## - TITLE STATEMENT | |
| Title | Labor market effects of credit constraints: Evidence from a natural experiment |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | American Economic Journal: Economic Policy |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 16(3), Aug, 2024: p.1-26 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | We exploit the 1997 and 2003 constitutional amendments in Texas—allowing home equity loans and lines of credit for nonhousing purposes—as natural experiments to estimate the effect of easier credit access on the labor market. Using state-level as well as micro data, we find that easier access to housing credit led to a notably lower labor force participation rate between 1997 and 2007. Our findings are remarkably robust to improved synthetic control methods based on insights from machine learning. Our research shows that negative labor market effects of easier credit access are important for assessing its stimulative impact on overall growth.- Reproduced https://www.aeaweb.org/articles?id=10.1257/pol.20200683 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | American Economic Journal: Economic Policy |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) | |
| Subject DIP | LABOR MARKET |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2024-09-27 | 16(3), Aug, 2024: p.1-26 | AR133257 | 2024-09-27 | Articles |