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-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
This paper studies the long-term consequences on firms and workers of the credit crunch triggered by the 2007-2008 global financial crisis. Relying on a unique matched bank-employer-employee administrative dataset, we construct a firm-specific credit supply shock and examine firms’ and...
Persistent link: https://www.econbiz.de/10014440036
We investigate the impact of a substantial minimum wage increase, which became effective in January 2016, on consumer loans in Turkey. Using bank-level data and designing an original identification strategy, we ask whether the loans provided by banks with a historically high share of low-wage...
Persistent link: https://www.econbiz.de/10012957002
relative contraction in credit supply, associated with lower average wages and employment. These effects are heterogeneous … higher-paid workers see a relative decline in wages. Between firms, wages fall by more at initially higher-paying employers …
Persistent link: https://www.econbiz.de/10012511768
increased risk that they encounter a sharp fall in their wages. People who tend to be particularly affected are the low …
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We investigate the impact of a substantial minimum wage increase, which became effective in January 2016, on consumer loans in Turkey. Using bank-level data and designing an original identification strategy, we ask whether the loans provided by banks with a historically high share of low-wage...
Persistent link: https://www.econbiz.de/10011647652
We investigate the impact of a substantial minimum wage increase, which became effective in January 2016, on consumer loans in Turkey. Using bank-level data and designing an original identification strategy, we ask whether the loans provided by banks with a historically high share of low-wage...
Persistent link: https://www.econbiz.de/10012112424