Abstract
Using data from 74 industrial, developing and transition countries for the years 2000 to 2003, this paper empirically analyzes whether and to what extent credit market regulations affect the performance of the labor market. According to the regression results, anti-competitive credit market regulations have an adverse, though generally modest, impact on the labor market. Specifically, restrictions on credit extended to the private sector, on the private ownership of banks, on competition from foreign banks, and on the free determination of interest rates appear to lower the level of employment and increase unemployment, particularly among young people.
| Original language | English |
|---|---|
| Pages (from-to) | 497-525 |
| Number of pages | 29 |
| Journal | Kyklos |
| Volume | 59 |
| Issue number | 4 |
| Early online date | 19 Oct 2006 |
| DOIs | |
| Publication status | Published - 19 Oct 2006 |
Keywords
- Non-labor Discrimination (J160)
- Unemployment
- and Job Search (J640)
- Intergenerational Income Distribution (E240)
- Multinational Firms
- Other Depository Institutions
- Employment
- Models
- Financial Institutions and Services
- International Business (F230)
- Economics of Gender
- Duration
- Mortgages (G210)
- Incidence
- Wages
- Banks
- Micro Finance Institutions
- Government Policy and Regulation (G280)
