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HomeFirm-level employment, labour market reforms, and bank distress
Metaúdaje publikácie
We explore the interaction between labour market reforms and financial frictions. Our study combines a new cross-country reform database on labour market reforms with matched firm bank data for nine-euro area countries over the period 1999 to 2013. While we find that labour market reforms are overall effective in increasing employment, restricted access to bank credit can undo up to half of long-term employment gains at the firm-level. Entrepreneurs without sufficient access to credit cannot reap the full benefits of more flexible employment regulation.
- Dátum uverejnenia:
- Kolektiv autorov: European Central Bank
- Témy Hospodárstvo – Financie
- Oblasť: eurozóna , poistenie v nezamestnanosti , pracovný trh , zabezpečenie pracovného miesta , štrukturálne prispôsobenie
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| ISSN 1725-2806 | ISBN 978-92-899-3903-4 | DOI 10.2866/450578 | Katalógové číslo QB-AR-19-115-EN-N |
- Released on EU publications website:
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