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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 ...
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 ...