金融可及性与劳动力市场结果：来自信贷抽签的证据

中文摘要

我们利用巴西团体贷款机制参与者通过抽签获得信贷的时间序列变异，评估了获得专用于个人出行投资的信贷对就业和收入的影响。我们发现，获得用于个人出行投资的信贷提高了正规就业率和工资水平，年回报率达12%至15%。与地理范围更广的求职行为相一致，个人转向了离家和公共交通更远的工作。我们的结果表明，通过用于个人出行投资的信贷进入远距离劳动力市场能够带来高且持久的回报。（JEL D44、E24、G21、G51、J61、J64、O15）

Abstract

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)