Veranstaltungen

12. Mai 2025, 16:00 bis 17:30

Economic Theory & Policy Seminar / E. Adamopoulou (ZEW) / The Long-term Earnings' Effects of a Credit Market Disruption

Seminar

Efi Adamopoulou will give a talk at our Economic Theory and Policy Seminar.

Effronsyni (Efi) Adamopoulou, öffnet eine externe URL in einem neuen Fenster (ZEW)

“The Long-term Earnings' Effects of a Credit Market Disruption”

This paper studies the long-term consequences on firms and workers of the credit crunch triggered by the 2007-2008 global financial crisis. Relying on a unique matched bank-employer-employee administrative dataset, we construct a firm-specific credit supply shock and  examine firms' and workers' outcomes for 11 years after the crisis. We find that highly-exposed firms shrink permanently and invest less; these effects are larger for high capital-intensive firms and their workers. Displaced workers reallocate mostly to low capital-intensive firms, experiencing persistent earnings losses.

Kalendereintrag

Veranstaltungsort

TU Wien
1040 Vienna
Wiedner Hauptstr. 8-10, Seminarroom: Sem.R. DA green 04 (Freihaus Building, 4th floor, green area)

 

Veranstalter

ECON
Julia Hutter
julia.hutter@tuwien.ac.at

 

Öffentlich

Ja

 

Kostenpflichtig

Nein

 

Anmeldung erforderlich

Nein