Dear all, 
 
we kindly invite you to our next Economic Theory & Policy talk 
on Mon, May 12, 2025, 4:00 PM - TU Wien, Seminarroom: DA green 04 (Freihaus Building, 4th floor, green area)
 
Effronsyni (Efi) Adamopoulou (ZEW) https://sites.google.com/site/efiadamopoulou/home
 
“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.
 
Further events and details: https://www.tuwien.at/en/mg/econ/events
 
Best,
Julia Hutter 
 
Julia Hutter
TU Wien
Institute of Statistics and Mathematical Methods in Economics
Research Group Economics
Phone: +43 1 58801 10531
Mail: julia.hutter@tuwien.ac.at
https://econ.tuwien.ac.at/