Labor Market Effects of Credit Constraints: Evidence from a Natural Experiment (Record no. 134164)

MARC details
000 -LEADER
fixed length control field 01308nam a2200205Ia 4500
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fixed length control field 241008s9999||||xx |||||||||||||| ||und||
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 1945-7731
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Kumar, Anil
9 (RLIN) 67347
245 #0 - TITLE STATEMENT
Title Labor Market Effects of Credit Constraints: Evidence from a Natural Experiment
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. American Economic Journal: Economic Policy
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 45317
520 ## - SUMMARY, ETC.
Abstract 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.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Credit Constraints
9 (RLIN) 121885
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Home Equity Loans
9 (RLIN) 121886
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Natural Experiment
9 (RLIN) 121887
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Labor Market
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Liang, Che-Yuan
9 (RLIN) 121888
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://www.aeaweb.org/articles?id=10.1257/pol.20200683">https://www.aeaweb.org/articles?id=10.1257/pol.20200683</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 134164
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        Dr VKRV Rao Library Dr VKRV Rao Library 08/10/2024 Vol. 16, No. 3   AI448 08/10/2024 08/10/2024 Article Index