This paper examines how structural change in labor markets affects household credit outcomes. Using a Shift-Share instrumental variable approach, we find that occupational shifts negatively influence mortgage holding for households facing fa-vorable job market conditions, such as stable employment and income growth. Our results, robust to alternative specifications, suggest that when both individual and economy-wide career prospects are favorable, the opportunity costs of settling down grow accordingly.

Popular products from Britain and the European Union show how uneven and unpredictable U.S. tariffs have become, even when part of trade deals.

The battle to impress Greek voters continued this weekend as PASOK leader Nikos Androulakis took to the stage at the Thessaloniki International Fair (TIF) to present his alternative policy plan a few days after Prime Minister Kyriakos Mitsotakis unveiled his extensive tax cuts.

Plus, private market risks, Asian stocks reach highs and Raymond Blanc at Le Manoir