Bodnár, Katalin; Fadejeva, Ludmila; Hoeberichts, Marco; … - 2018
More than five years after the start of the Sovereign debt crisis in Europe, its impact on labour market outcomes is … credit market for the period 2010-13. Second, we provide a description of the relationship between credit difficulties and … credit market difficulties, firms cut wages by reducing the variable part of wages. This evidence suggests that credit shocks …