Nino-Zarazua, Miguel (2008): Wider impacts of microcredit: evidence from labor and human capital in urban Mexico.
Download (299kB) | Preview
This paper presents an estimation of the impacts of microcredit on labor and human capital following a quasi-experiment specifically designed to control for endogeneity and selection bias in the context of urban Mexico. We find important indirect trickle-down effects of credit through labor expenditure that benefit poor laborers; however, these effects were only observed when loan-supported enterprising households reached a level of income well above the poverty line. We also find significant, although small impacts of credit on children´s schooling that could be potentially reinforced by improvements in lending technology, school grants and additional ex-ante preventive and ex-post protective riskcoping products.
|Item Type:||MPRA Paper|
|Original Title:||Wider impacts of microcredit: evidence from labor and human capital in urban Mexico|
|Keywords:||microcredit; labor; children´s schooling; Mexico|
|Subjects:||O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O18 - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O17 - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
C - Mathematical and Quantitative Methods > C2 - Single Equation Models; Single Variables > C24 - Truncated and Censored Models; Switching Regression Models
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology; Computer Programs > C81 - Methodology for Collecting, Estimating, and Organizing Microeconomic Data
C - Mathematical and Quantitative Methods > C2 - Single Equation Models; Single Variables > C25 - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
|Depositing User:||Dr Miguel Niño-Zarazúa|
|Date Deposited:||29. Sep 2008 03:34|
|Last Modified:||01. Mar 2013 17:54|
Amemiya T. (1984) Tobit models: a survey, in: Journal of Econometrics, Vol. 84 pp. 3-61
Babbie, E. (1990) Survey research methods. Belmont, CA: Wadsworth
Bardhan, P. and Rudra, A. (1986) Labour mobility and the boundaries of the village moraleconomy in: Journal of peasant Studies, 13
Campbell, D. and Stanley, J. (1966) Experimental and Quasi-experimental designs for research, in: N.L. Gage (Ed), Handbook of research on teaching, pp. 1-76. Chicago: Rand McNally
Dasgupta, P. and Ray, D. (1986) Inequality as a determinant of malnutrition and Unemployment: theory, in: Economic Journal, 96
Dasgupta, P (1993) An enquiry into wellbeing and destitution. Oxford: Clarendon Press
Fink, A. and Kosecoff, J. (1985) How to conduct surveys: A step-by-step guide. Beverly Hills, CA: Sage Publications
Foster A. and Rosenzweig, M. (1996) Comparative Advantage, information and the allocation of workers to tasks: Evidence from an agricultural labor market, in: Review of Economic Studies, 63
Goldberger A. (1964) Econometric Theory. John Walley & Sons, New York
Greene W. (2003) Econometric Analysis. Prentice Hall, Fifth edition.
Halvorsen R. and Palmquist R. (1980). The interpretation of dummy variables in semilogarithmic equations, in: American Economic Review, Vol. 70 No. 3, pp. 474-5
Hausman J. (1978) Specification test in Econometrics, in Econometrica, 46, pp 1251-1271
Heckman J. (1979) Sample selection bias as a specification error, in Econometrica, Vol. 46, pp, 153-61
Klein L (1961) An introduction to Econometrics, Prentice Hall, Englewood Cliffs, N.J.
Leibbenstein, H. (1957) Economic backwardness and economic growth. New York: John Wiley
Ljungqvist, L. (1993) Economic Underdevelopment: the case of a missing market for Human Capital, in Journal of Development Economics, 40
Maddala G. (1999) Limited dependent and qualitative variables in Econometrics.
Econometric Society Monographs, Cambridge University Press Mazumdar, D. (1959) The marginal productivity theory of wages and disguised unemployment, in: Review of Economic Studies, 26
McDonald J. and Moffitt (1980) The use of Tobit analysis, in: Review of Economics and Statistics, Vol. 62, pp. 318-321
Mosley and Rock (2004) Microfinance, labour markets and poverty in Africa: A case of six Institutions, in: Journal of International Development, 16
Schultz T. (1988) Education investments and returns in H. Chenery and T.N. Srinivasan (eds), Handbook of Development Economics, i. Amsterdam: North-Holland
Secretaria de Desarrollo Social (Sedesol) (2002) Medición de la Pobreza. Variantes metodológicas y estimación preliminar, Comité Técnico para la Medición de la Pobreza. Serie: documentos de investigación, julio.
Spence, A. (1973) Job market signalling in Quarterly Journal of Economics, 87
Pitt, M. and Khandker, S. (1998) Household and intra-household impact of the Grameen Bank and similar targeted credit programs in Bangladesh, in: Journal of Political Economy, Vol. 106, 558-596
Rothbarth, E. (1943). ‘Note on a method of determining equivalent income for families of different composition’, in C. Madge (ed) War-time Pattern of Saving and Spending, Cambridge University Press, Cambridge.
Tobin J. (1958) Estimation of relationships for limited dependent variables, in: Econometrica, Vol. 26, pp. 24-36
Wooldridge J. (2002) Econometric analysis of cross section and panel data. London: MIT Press.