Labor Market Effects of Credit Constraints: Evidence from a Natural Experiment (Record no. 134164)
[ view plain ]
000 -LEADER | |
---|---|
fixed length control field | 01308nam a2200205Ia 4500 |
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
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 |
Withdrawn status | Lost status | Damaged status | Not for loan | Home library | Current library | Date acquired | Serial Enumeration / chronology | Total Checkouts | Barcode | Date last seen | Price effective from | Koha item type |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dr VKRV Rao Library | Dr VKRV Rao Library | 08/10/2024 | Vol. 16, No. 3 | AI448 | 08/10/2024 | 08/10/2024 | Article Index |