Decomposing the Effects of CCTs on Entrepreneurship

Lichand, Guilherme

World Bank, Washington, DC

关键词: ACCOUNTING;    AVERAGE HOUSEHOLD INCOME;    BANK POLICY;    BANKRUPTCY;    BENEFICIARY;   

RP-ID  :  58099

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

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