Mostrar el registro sencillo del ítem

Financial Technologies, Labor Markets, and Informality: Evidence from Instant Payment Systems

dc.contributor.authorBurga, Carlos
dc.contributor.authorCespedes, Jacelly
dc.contributor.authorParra, Carlos
dc.contributor.authorRicca, Bernardo
dc.coverage.spatialBrasiles_ES
dc.date.accessioned2026-09-24T09:47:25Z
dc.date.available2026-09-24T09:47:25Z
dc.date.issued2026-09-24
dc.identifier.citationBurga, C., Cespedes, J., Parra, C., & Ricca, B. (2026, September 24). Financial Technologies, Labor Markets, and Informality: Evidence from Instant Payment Systems. Retrieved from https://scioteca.caf.com/handle/123456789/2714en_GB
dc.identifier.urihttps://scioteca.caf.com/handle/123456789/2714
dc.description.tableofcontentsWhile technological innovations typically increase wage inequality by favoring skilled workers, we show that instant payment systems instead reduce it. We study the labor market effects of instant payment systems in the context of Brazil’s Pix rollout. Using matched employer-employee data, we implement a triple-difference design that exploits pre-Pix mobile penetration across municipalities, the differential benefits of Pix for small versus large establishments, and the timing of Pix. We find that wages in small establishments rise significantly relative to large establishments after Pix. These gains are concentrated in cash-intensive sectors such as retail and services, with no effects in wholesale or manufacturing. Crucially, wage inequality declines, driven by wage gains in the lower half of the distribution, with no effect at the top. Our evidence points to increased small-firm labor demand, consistent with lower payment frictions. These effects are amplified where low-skill labor is scarce. A calibrated monopsony model implies that uniform Pix adoption would reduce both the within- and between-municipality components of wage dispersion, amplifying the aggregate inequality reduction.es_ES
dc.language.isoenes_ES
dc.rightsCC-BY-NC-NDes_ES
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/es_ES
dc.subjectFinanzases_ES
dc.subjectInnovaciónes_ES
dc.subjectInvestigación socioeconómicaes_ES
dc.subjectMicrofinanzases_ES
dc.subjectTecnologías de la información y comunicación (TIC)es_ES
dc.titleFinancial Technologies, Labor Markets, and Informality: Evidence from Instant Payment Systemses_ES
dc.typeArticlees_ES


Ficheros en el ítem

Thumbnail
Nombre:
Financial Technologies, Labor ...
Tamaño:
2.250Mb
Formato:
PDF
Descargar

Este ítem aparece en la(s) siguiente(s) colección(ones)

Mostrar el registro sencillo del ítem

CC-BY-NC-ND
Excepto si se señala otra cosa, la licencia del ítem se describe como CC-BY-NC-ND