Gutiérrez, Emilio Fernandez; Jaume, David; Tobal, Martín - 2021
formal employment in Mexico. We use a detailed dataset containing loan-level information for all loans extended by commercial … demand shocks. Then, we use employment registry data to compare changes in the number of formal workers registered by small … large impact on formal employment: a positive credit shock of one standard deviation increases yearly employment growth by 0 …