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On the negative relationship between labor income uncertainty and homeownership : risk aversion vs. credit constraints

Diaz-Serrano, Luis (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002156793

Employee-owned firms and the careers of young workers

Burdín, Gabriel; Garcia-Louzao, Jose - 2023

Using detailed administrative data from Spain, we investigate the impact of having an initial work experience in an employee-owned firm (EOF) versus a conventional business on subsequent earnings. We find that young workers' exposure to EOFs at the time of labour market entry reduces earnings by...

Persistent link: https://www.econbiz.de/10013500551

Sharing Is caring : employee stock ownership plans and employee wellbeing in U.S. manufacturing

Adrianto, Adrianto; Ben-Ner, Avner; Sockin, Jason; … - 2024

Do employees fare better in firms they partly own? Examining workers' reviews of their employers on Glassdoor, we compare employee satisfaction between firms in which workers own company shares through an employee stock ownership plan (ESOP) and conventional firms in which they do not. Focusing...

Persistent link: https://www.econbiz.de/10015048811

Mortgage indebtedness and household financial distress

Georgarakos, Dimitris; Lojschova, Adriana; … - 2009

Using comparable survey data from twelve European countries we investigate households' attitudes towards mortgage indebtedness. We find that a given debt burden creates much higher distress in Southern countries, France and Belgium, where fewer households have a mortgage outstanding relative to...

Persistent link: https://www.econbiz.de/10003926442

Uncovering the mechanism(s): financial constraints and wages

Arabzadeh, Hamzeh; Balleer, Almut; Gehrke, Britta - 2020

How do wages respond to financial recessions? Based on a dynamic macroeconomic model with frictions in the labor and … and explore their effect on wages. First, the financial labor wedge reduces wages. Second, financial constraints may … interact with aggregate labor market conditions in various ways putting upward or downward pressure on wages. We test partial …

Persistent link: https://www.econbiz.de/10012389827

Financial dependence, formal credit, and informal jobs : new evidence from Brazilian household data

Catão, Luis; Pagés, Carmen; Rosales, Maria Fernanda - 2009

This paper examines a much overlooked link between credit markets and formalization: since access to bank credit typically requires compliance with tax and employment legislation, firms are more likely to incur such formalization costs once bank credit is more widely available at lower cost; if...

Persistent link: https://www.econbiz.de/10003925244

The long run earnings effects of a credit market disruption

Adamopoulou, Effrosyni; De Philippis, Marta; Sette, Enrico - 2020

-2008 financial crisis. We study the evolution of both employment and wages in a large sample of Italian workers followed for nine … also high-type (and therefore more expensive) workers, even though wages do react to the slack. All in all, our results …

Persistent link: https://www.econbiz.de/10012207357