A Firm of One's Own

This study presents results from a randomized evaluation of two labor market interventions targeted to young women aged 18 to 19 years in three of Nairobi's poorest neighborhoods. One treatment offered participants a bundled intervention designed to simultaneously relieve credit and human capital constraints; a second treatment provided women with an unrestricted cash grant, but no training or other support. Both interventions had economically large and statistically significant impacts on income over the medium term (7 to 10 months after the end of the interventions), but these impacts dissipated in the second year after treatment. The results are consistent with a model in which savings constraints prevent women from smoothing consumption after receiving large transfers -- even in the absence of credit constraints, and when participants have no intention of remaining in entrepreneurship. The study also shows that participants hold remarkably accurate beliefs about the impacts of the treatments on occupational choice

Bibliographic Details

Main Authors:	Brudevold-Newman, Andrew, Honorati, Maddalena, Jakiela, Pamela, Ozier, Owen
Format:	Working Paper biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2017-02
Subjects:	access to finance, credit constraints, microfinance, microenterprises, youth jobs, youth unemployment, entrepreneurship, cash grants, training, gender, labor market, women entrepreneurs, female labor force participation, AFRICA GENDER POLICY, GENDER INNOVATION LAB, WOMEN AND PRIVATE SECTOR DEVELOPMENT,
Online Access:	http://documents.worldbank.org/curated/en/428361487270218330/A-firm-of-ones-own-experimental-evidence-on-credit-constraints-and-occupational-choice https://hdl.handle.net/10986/26144
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