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Human Capital and Financial Development: Firm-Level Interactions and Macroeconomic Implications
(CAF, 2019-12-04)
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 ...
Savings Groups Reduce Vulberability but have Mixed Effect on Financial Inclusion
(CAF, 2021-01-08)
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 ...
Local externalities in labor markets: congestion and information flow among peers
(CAF, 2020-12-16)
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
(CAF, 2020-12-15)
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 ...
Difference-in-Differences in Equilibrium: Evidence from Placed-Based Policies
(CAF- banco de desarrollo de América Latina y el Caribe, 2023-12-26)
Violations of the stable unit treatment value assumption (SUTVA) are a common threat to identification of the effects of policies causing the resorting of agents between treated and untreated groups. We show that in such ...