Herreño, Juan; Ocampo Díaz, Sergio - 2023 - This version: January 24, 2023
We evaluate the aggregate effects of expansions of credit supply in environments where subsistence self-employment is … into self-employment. The model is consistent with the joint distribution of earnings and occupations, the reaction of … subsistence self-employment, and is not present in models without subsistence self-employment due to a larger wage response, and a …