作者：Van Doornik, Bernardus; Gomes, Armando; Schoenherr, David; Skrastins, Janis
作者单位：Bank for International Settlements (BIS); Washington University (WUSTL); Seoul National University (SNU)
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 jo...
