Publication: Decomposing the Effects of CCTs on Entrepreneurship
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2010-11
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2012-08-13
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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.
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“Lichand, Guilherme. 2010. Decomposing the Effects of CCTs on Entrepreneurship. Economic Premise; No. 41. © World Bank. http://hdl.handle.net/10986/10143 License: CC BY 3.0 IGO.”
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