Credit Market Regulation and Labor Market Performance around the World

Research output: Contribution to journalArticle

16 Citations (Scopus)

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 languageEnglish
Pages (from-to)497-525
Number of pages29
JournalKyklos
Volume59
Issue number4
Publication statusPublished - 2006

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Labour market
Market regulation
Credit markets
Market performance
Credit
Labour Market
Market Regulation
Private ownership
Developing countries
Transition countries
Unemployment
Interest rates
Developed countries
Foreign banks
Private sector
Private Sector
Interest Rates
Ownership

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)

Cite this

Credit Market Regulation and Labor Market Performance around the World. / Feldmann, H.

In: Kyklos, Vol. 59, No. 4, 2006, p. 497-525.

Research output: Contribution to journalArticle

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AB - 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.

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