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Human Capital and Financial Development: Firm-Level Interactions and Macroeconomic Implications
Capital-skill complementarity in production implies non-trivial interactions between availability of human capital and financial constraints. Firms that are constrained in their access to finance hire a lower proportion ...
Local externalities in labor markets: congestion and information flow among peers
We explore local externalities in labor markets, exploiting the random assignment of a large-scale internship program in Argentina. Examining the probability of registered employment in the 12 months after the program, we ...
Gender Gaps in Labor Informality: The Motherhood Effect
We estimate the short- and long-run labor market impacts of parenthood in a developing country, Chile, based on an eventstudy approach around the birth of the first child. We assess mechanisms behind these effects based ...
Savings Groups Reduce Vulberability but have Mixed Effect on Financial Inclusion
This paper evaluates the impact of the introduction of savings groups on poverty, vulnerability, and financial inclusion outcomes in rural Peru. Using a cluster randomized control trial and relying on both survey and ...