14:15 - 15:45
Credit Supply and Human Capital: Evidence from Bank Pension Liabilities
We identify the effects of exogenous credit constraints on firm ability to attract and retain skilled workers. To do so, we exploit a shock to the value of the pension obligations of Portuguese banks resulting from a change in accounting norms.
Who
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Personal details
Claire Célérier is an Assistant Professor of Finance at Rotman. Before joining Rotman, Claire was an Assistant Professor at the University of Zurich. Claire's research interests include household finance, financial innovation, and banking. Her work has been published in refereed academic journals, including the Quarterly Journal of Economics, and has raised the interest of several central banks and regulators around the world, such as the European Central Bank and the UK Financial Conduct Authority.
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