There has been evidence on the entrepreneurial behavior of migrants in receiving countries or after they return to home countries, but little research on the entrepreneurship of left-behind persons when migrants are still abroad. Using data from the Mexican Family Life Survey, this paper...

We study the relationship between financial constraints and employment formalization by exploiting heterogeneity in the industry-level degree of financial dependence, in the spirit of Rajan and Zingales (1998). This dependence, and variation in aggregate credit, lets us measure industry-level...

Differences in college enrollment between poor and rich are striking in Latin America. Explanations such as differences in college preparedness and credit constraints have been advanced. An alternative explanation could be differences in information sets between poor and rich, for example, about...