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20 de abril 2017
The effects of micro entrepreneurship programs on labor market performance: Experimental evidence from Chile

We investigate the impact of a program providing asset transfers and  business training to low-income individuals in Chile, and asked whether a larger asset transfer would magnify the program’s impact. We randomly assigned participation in a large-scale, publicly run micro-entrepreneurship program and evaluated its effects over 45 months. The program improved business practices, employment and […]

07 de marzo 2016
Unemployment, participation and worker flows over the life cycle

We estimate life-cycle transition probabilities among employment, unemployment and inactivity for US workers. We assess the importance of each worker flow to account for participation and unemployment rates over the life cycle. We find that inactivity exit and entry matter but the empirically relevant margins defy conventional wisdom: high youth unemployment is due to high […]