| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22436 |
| 来源ID | Working Paper 22436 |
| The Labor Market Effects of Credit Market Information | |
| Marieke Bos; Emily Breza; Andres Liberman | |
| 发表日期 | 2016-07-25 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | Credit information affects the allocation of consumer credit, but its effects on other markets that are relevant for academic and policy analysis are unknown. This paper measures the effect of negative credit information on the employment and earnings of Swedish individuals at the margins of the formal credit and labor markets. We exploit a policy change that generates quasi-exogenous variation in the retention time of past delinquencies on credit reports and estimate that one additional year of negative credit information causes a reduction in wage earnings of $1,000. In comparison, the decrease in credit is only one-fourth as large. Negative credit information also causes an increase in self-employment and a decrease in mobility. We exploit differences in the information available to employers and banks to show suggestive evidence that this cost of default is borne inefficiently by the relatively more creditworthy individuals among previous defaulters. |
| 主题 | Microeconomics ; Households and Firms ; Financial Economics ; Financial Institutions ; Labor Economics ; Labor Supply and Demand |
| URL | https://www.nber.org/papers/w22436 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580110 |
| 推荐引用方式 GB/T 7714 | Marieke Bos,Emily Breza,Andres Liberman. The Labor Market Effects of Credit Market Information. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22436.pdf（926KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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