“…This paper contributes to the literature on the impact of EPL on non‐labour‐market outcomes such as workers' effort (Ichino and Riphahn, 2005; Acharya, Baghai, and Subramanian, 2014), fertility (Prifti and Vuri, 2013; De Paola, Nisticó, and Scoppa, 2021), health (Benach et al ., 2014; Minelli et al ., 2014; Shahidi et al ., 2016), job satisfaction, happiness and well‐being (Bardasi and Francesconi, 2004; Origo and Pagani, 2009; Dräger, 2015; Ritzen, 2019). Our work focuses on a different dimension of workers' well‐being, namely funding needs, and the initial conditions for mortgage loans.…”