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Financing constraints, employment, and labor compensation: evidence from the subprime mortgage crisis

Author

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  • Popov, Alexander
  • Rocholl, Jörg

Abstract

This paper identifies the effect of financing constraints on firms JEL Classification: D92, G01, G21, J23, J31

Suggested Citation

  • Popov, Alexander & Rocholl, Jörg, 2015. "Financing constraints, employment, and labor compensation: evidence from the subprime mortgage crisis," Working Paper Series 1821, European Central Bank.
    • Handle: RePEc:ecb:ecbwps:20151821
    Note: 861282
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    File URL: https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp1821.en.pdf
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    References listed on IDEAS

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    Cited by:

    1. Mabel D. Costa & Ahsan Habib & Md. Borhan Uddin Bhuiyan, 2021. "Financial constraints and asymmetric cost behavior," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 32(1), pages 33-83, March.
    2. Rym Ayadi & Sami Ben Naceur & Mohamed Goaied, 2021. "Financial development and employment: New panel evidence," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 50(2), July.
    3. Popov, Alexander & Zaharia, Sonia, 2017. "Credit market competition and the gender gap: evidence from local labor markets," Working Paper Series 2086, European Central Bank.
    4. Chao Ma & Hongying Li & Sardar Fawad Saleem & Firicel Mone, 2023. "Balancing Progress and Sustainability : Industrial Innovation's Impact on Europe's Emission Management, Economic Expansion, and Financial Growth," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 129-147, October.
    5. Ayyagari,Meghana & Juarros,Pedro Francisco & Martinez Peria,Maria Soledad & Singh,Sandeep, 2016. "Access to finance and job growth : firm-level evidence across developing countries," Policy Research Working Paper Series 7604, The World Bank.
    6. Bäurle, Gregor & Lein, Sarah M. & Steiner, Elizabeth, 2021. "Employment adjustment and financial tightness – Evidence from firm-level data," Journal of International Money and Finance, Elsevier, vol. 115(C).
    7. Livia Chițu, 2021. "Reserve accumulation, inflation, and moral hazard: Evidence from a natural experiment," International Finance, Wiley Blackwell, vol. 24(2), pages 219-235, August.

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    More about this item

    Keywords

    credit constraints; employment; financial crisis; labor compensation;
    All these keywords.

    JEL classification:

    • D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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