Decomposing the Effects of CCTs on Entrepreneurship

• Tác giả: Guilherme Lichand
• Ngôn ngữ: eng
• Ký hiệu phân loại: 338.64 Size of enterprises
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 297893
• Chủ đề: 1. ACCOUNTING; 2. AVERAGE HOUSEHOLD INCOME; 3. BANK POLICY; 4. BANKRUPTCY; 5. BENEFICIARY

Tóm tắt

This note assesses whether Bolsa-Familia increases the probability of starting a venture in Brazil by decomposing its potential effects into three channels: wealth-constraint alleviation, insurance provision, and reduction of children's labor supply (through the effect of the conditionality). Results are that entrepreneurship is indeed stimulated by Bolsa-Familia in urban areas through the insurance and wealth-constraint alleviation effects, notwithstanding that new ventures are typically secondary sources of income. The conditionality seems not to impact the level of entrepreneurship. Hence, Bolsa-Familia might have a positive long-term effect as well, instead of just offering short-term poverty relief.