Financial Access and Labor Market Outcomes: Evidence from Credit Lotteriest

• 成果类型: Article
• 署名作者: Van Doornik, Bernardus; Gomes, Armando; Schoenherr, David; Skrastins, Janis
• 署名单位: Bank for International Settlements (BIS); Washington University (WUSTL); Seoul National University (SNU)
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.20230585
• 发表日期: 2024
• 页码: 1854-1881
• 关键词: microfinance evidence; microcredit evidence; impacts

摘要

We assess the employment and income effects of access to credit dedicated to investment in individual mobility by exploiting time -series variation in access to credit through lotteries for participants in a group -lending mechanism in Brazil. We find that access to credit for investment in individual mobility increases formal employment rates and salaries , yielding an annual rate of return of 12 to 15 percent. Consistent with a geographically broader job search , individuals transition to jobs farther from home and public transportation. Our results suggest that accessing distant labor markets through credit for investment in individual mobility yields high and persistent returns. ( JEL D44, E24, G21, G51, J61, J64, O15 )