A Firm of One's Own : Experimental Evidence on Credit Constraints and Occupational Choice
This study presents results from a randomized evaluation of two labor market interventions targeted to young women aged 18 to 19 years in three of Nairobi's poorest neighborhoods. One treatment offered participants a bundled intervention desig...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/428361487270218330/A-firm-of-ones-own-experimental-evidence-on-credit-constraints-and-occupational-choice http://hdl.handle.net/10986/26144 |
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okr-10986-261442021-06-08T14:42:47Z A Firm of One's Own : Experimental Evidence on Credit Constraints and Occupational Choice Brudevold-Newman, Andrew Honorati, Maddalena Jakiela, Pamela Ozier, Owen access to finance credit constraints microfinance microenterprises youth jobs youth unemployment entrepreneurship cash grants training gender labor market women entrepreneurs female labor force participation AFRICA GENDER POLICY GENDER INNOVATION LAB WOMEN AND PRIVATE SECTOR DEVELOPMENT This study presents results from a randomized evaluation of two labor market interventions targeted to young women aged 18 to 19 years in three of Nairobi's poorest neighborhoods. One treatment offered participants a bundled intervention designed to simultaneously relieve credit and human capital constraints; a second treatment provided women with an unrestricted cash grant, but no training or other support. Both interventions had economically large and statistically significant impacts on income over the medium term (7 to 10 months after the end of the interventions), but these impacts dissipated in the second year after treatment. The results are consistent with a model in which savings constraints prevent women from smoothing consumption after receiving large transfers -- even in the absence of credit constraints, and when participants have no intention of remaining in entrepreneurship. The study also shows that participants hold remarkably accurate beliefs about the impacts of the treatments on occupational choice 2017-02-22T22:53:13Z 2017-02-22T22:53:13Z 2017-02 Working Paper http://documents.worldbank.org/curated/en/428361487270218330/A-firm-of-ones-own-experimental-evidence-on-credit-constraints-and-occupational-choice http://hdl.handle.net/10986/26144 English en_US Policy Research Working Paper;No. 7977 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Africa Kenya |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
access to finance credit constraints microfinance microenterprises youth jobs youth unemployment entrepreneurship cash grants training gender labor market women entrepreneurs female labor force participation AFRICA GENDER POLICY GENDER INNOVATION LAB WOMEN AND PRIVATE SECTOR DEVELOPMENT |
| spellingShingle |
access to finance credit constraints microfinance microenterprises youth jobs youth unemployment entrepreneurship cash grants training gender labor market women entrepreneurs female labor force participation AFRICA GENDER POLICY GENDER INNOVATION LAB WOMEN AND PRIVATE SECTOR DEVELOPMENT Brudevold-Newman, Andrew Honorati, Maddalena Jakiela, Pamela Ozier, Owen A Firm of One's Own : Experimental Evidence on Credit Constraints and Occupational Choice |
| geographic_facet |
Africa Kenya |
| relation |
Policy Research Working Paper;No. 7977 |
| description |
This study presents results from a
randomized evaluation of two labor market interventions
targeted to young women aged 18 to 19 years in three of
Nairobi's poorest neighborhoods. One treatment offered
participants a bundled intervention designed to
simultaneously relieve credit and human capital constraints;
a second treatment provided women with an unrestricted cash
grant, but no training or other support. Both interventions
had economically large and statistically significant impacts
on income over the medium term (7 to 10 months after the end
of the interventions), but these impacts dissipated in the
second year after treatment. The results are consistent with
a model in which savings constraints prevent women from
smoothing consumption after receiving large transfers --
even in the absence of credit constraints, and when
participants have no intention of remaining in
entrepreneurship. The study also shows that participants
hold remarkably accurate beliefs about the impacts of the
treatments on occupational choice |
| format |
Working Paper |
| author |
Brudevold-Newman, Andrew Honorati, Maddalena Jakiela, Pamela Ozier, Owen |
| author_facet |
Brudevold-Newman, Andrew Honorati, Maddalena Jakiela, Pamela Ozier, Owen |
| author_sort |
Brudevold-Newman, Andrew |
| title |
A Firm of One's Own : Experimental Evidence on Credit Constraints and Occupational Choice |
| title_short |
A Firm of One's Own : Experimental Evidence on Credit Constraints and Occupational Choice |
| title_full |
A Firm of One's Own : Experimental Evidence on Credit Constraints and Occupational Choice |
| title_fullStr |
A Firm of One's Own : Experimental Evidence on Credit Constraints and Occupational Choice |
| title_full_unstemmed |
A Firm of One's Own : Experimental Evidence on Credit Constraints and Occupational Choice |
| title_sort |
firm of one's own : experimental evidence on credit constraints and occupational choice |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/428361487270218330/A-firm-of-ones-own-experimental-evidence-on-credit-constraints-and-occupational-choice http://hdl.handle.net/10986/26144 |
| _version_ |
1764461055908511744 |