Maria Laura Alzúa, Maria Josefina Baez, Samuel Galiwango, Daniel Joloba, Benjamin Kachero, Maria Adelaida Lopera, J. Ssekandi, Zeridah Zigiti
{"title":"Beyond Technical Skills Training: The Impact of Credit Counseling on the Entrepreneurial Behavior of Ugandan Youth","authors":"Maria Laura Alzúa, Maria Josefina Baez, Samuel Galiwango, Daniel Joloba, Benjamin Kachero, Maria Adelaida Lopera, J. Ssekandi, Zeridah Zigiti","doi":"10.1111/rode.12706","DOIUrl":"https://doi.org/10.1111/rode.12706","url":null,"abstract":"There is low take‐up of financial credit among youth in Uganda because potential beneficiaries perceive associated risks as high. This study assesses the determinants of entrepreneurial risk tolerance among Ugandan youth using experimental data from a randomized control trial and a real‐life investment‐risk experiment. Credit counseling was provided to young men and women aged 18–35 who owned a business to educate them about the obligations and commitments associated with financial credit. The intervention had a significant impact on demand for credit and related intermediate outcomes such as ownership of a bank account and investment in assets. The study finds that youth exhibited lower demand for credit after business training because of increased awareness regarding the actual risks associated with receiving credit. Our findings reinforce national strategies to promote soft skills for business entrepreneurship that extend beyond standard business training.","PeriodicalId":341058,"journal":{"name":"ERN: Primary Taxonomy (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129534090","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A. Arefeva, Morris A. Davis, Andra Ghent, Minseon Park
{"title":"Job Growth from Opportunity Zones","authors":"A. Arefeva, Morris A. Davis, Andra Ghent, Minseon Park","doi":"10.2139/ssrn.3645507","DOIUrl":"https://doi.org/10.2139/ssrn.3645507","url":null,"abstract":"The Tax Cuts and Jobs Act of 2017 established a new program called “Opportunity Zones” that created tax advantages for investment locating in Census tracts with relatively low income or high poverty. Importantly, only 25% of eligible tracts in each state could be designated as an Opportunity Zone. We use detailed establishment-level data and a difference-in-difference (DiD) approach to identify the designation of a tract as an Opportunity Zone on job creation. We find the Opportunity Zone designation increased employment growth relative to comparable tracts by a statistically significant 2-4 percentage points over the 2017-2019 period. This result holds for many different industries and for a variety of skill levels.","PeriodicalId":341058,"journal":{"name":"ERN: Primary Taxonomy (Topic)","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131157738","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Dividend Taxes, Employment, and Firm Productivity","authors":"M. Jacob","doi":"10.2139/ssrn.3564234","DOIUrl":"https://doi.org/10.2139/ssrn.3564234","url":null,"abstract":"Abstract The paper examines the effect of dividend taxation on employment and productivity. I exploit a dividend tax cut of 10 percentage points for closely held private corporations in Sweden. Using data on all closely held Swedish firms with exact information on employees and their wages, I find that firms with limited internal funds increase productivity and wages relative to firms with sufficient internal funds whose investment decisions are less affected by dividend taxes. My findings indicate that dividend taxes constrain firms in investing efficiently. Lower taxes can result in higher capital and labor input and, thus, in higher productivity.","PeriodicalId":341058,"journal":{"name":"ERN: Primary Taxonomy (Topic)","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130183653","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Time-Consistent Carbon Pricing: The Role of Carbon Contracts for Differences","authors":"Olga Chiappinelli, K. Neuhoff","doi":"10.2139/ssrn.3576402","DOIUrl":"https://doi.org/10.2139/ssrn.3576402","url":null,"abstract":"Carbon pricing decisions by governments are prone to time-inconsistency, which causes the private sector to underinvest in emission-reducing technologies. We show that incentives for decarbonization can be improved if complementing carbon pricing with carbon contracts for differences, where the government commits to pay a fixed carbon price level to the investors. We derive conditions under which the government is willing to “tie its hands” with the contracts.","PeriodicalId":341058,"journal":{"name":"ERN: Primary Taxonomy (Topic)","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116122847","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Long-Term Effects of a Sectorial Advancement Strategy: Costs, Benefits, and Impacts from the WorkAdvance Demonstration","authors":"D. Greenberg, K. Schaberg","doi":"10.2139/ssrn.3578168","DOIUrl":"https://doi.org/10.2139/ssrn.3578168","url":null,"abstract":"This report summarizes the long-term findings of a rigorous random assignment evaluation of the WorkAdvance model, a sectoral training and advancement initiative. Launched in 2011, WorkAdvance goes beyond the previous generation of employment programs by introducing demand-driven skills training and a focus on jobs that have identifiable career pathways. The model is heavily influenced by the positive findings from the Sectoral Employment Impact Study completed in 2010, as well as prior research on job retention and career advancement strategies.<br><br>The WorkAdvance model was implemented between June 2011 and June 2013 by four providers — Per Scholas, St. Nicks Alliance, Madison Strategies Group, and Towards Employment — and a total of 2,564 individuals enrolled in the study. Several previous reports described the implementation, participation, cost, and interim impact findings of WorkAdvance and showed encouraging evidence for the WorkAdvance model. The impact findings presented in those reports covered the first three years of follow-up. While those findings showed earnings gains for some programs in some years, whether WorkAdvance could consistently increase earnings in the long term was still an open question.<br><br>This report presents the long-term economic impacts of WorkAdvance and covers a two-year period occurring between four and eight years after individuals entered the study. The economic outcomes are based on National Directory of New Hires data and include 2017 and 2018. The report also builds on a previous cost analysis and presents findings from a full benefit-cost analysis to examine whether the effects of WorkAdvance resulted in gains or losses from the perspective of WorkAdvance participants, the government, and society.","PeriodicalId":341058,"journal":{"name":"ERN: Primary Taxonomy (Topic)","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121215071","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
D. Ginther, Janet Currie, Francine D. Blau, Rachel T. A. Croson
{"title":"Can Mentoring Help Female Assistant Professors in Economics? An Evaluation by Randomized Trial","authors":"D. Ginther, Janet Currie, Francine D. Blau, Rachel T. A. Croson","doi":"10.3386/w26864","DOIUrl":"https://doi.org/10.3386/w26864","url":null,"abstract":"Women continue to be underrepresented in academic ranks in the economics profession. The Committee on the Status of Women in the Economics Profession of the American Economic Association established the CeMENT mentoring workshop to support women in research careers. The program was designed as a randomized controlled trial. This study evaluates differences between the treatment and control groups in career outcomes. Results indicate that relative to women in the control group, treated women are more likely to stay in academia and more likely to have received tenure in an institution ranked in the top 30 or 50 in economics in the world.","PeriodicalId":341058,"journal":{"name":"ERN: Primary Taxonomy (Topic)","volume":"87 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117347761","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A. Baillon, J. Capuno, O. O’Donnell, J. C. R. Tan, K. van Wilgenburg
{"title":"Persistent Effects of Temporary Incentives: Evidence from a Nationwide Health Insurance Experiment","authors":"A. Baillon, J. Capuno, O. O’Donnell, J. C. R. Tan, K. van Wilgenburg","doi":"10.2139/ssrn.3488632","DOIUrl":"https://doi.org/10.2139/ssrn.3488632","url":null,"abstract":"Temporary incentives are offered in anticipation of persistent effects that are seldom estimated. We use a nationwide randomized experiment in the Philippines to estimate effects of two incentives for health insurance three years after their withdrawal. We find that both temporary incentives had persistent effects on enrollment. A premium subsidy had a small but highly persistent effect. Application assistance offered to those initially unresponsive to the subsidy had a much larger but less persistent effect. The subsidy persuaded those with higher initial stated willingness to pay to enroll and keep enrolling. The offer of application assistance to initial non-compliers with the subsidy achieved a larger immediate effect by drawing in those who stated they valued insurance less and were less likely to re-enroll when the incentives were withdrawn.","PeriodicalId":341058,"journal":{"name":"ERN: Primary Taxonomy (Topic)","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114255096","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Causal Inference Under Approximate Neighborhood Interference","authors":"Michael P. Leung","doi":"10.2139/ssrn.3479902","DOIUrl":"https://doi.org/10.2139/ssrn.3479902","url":null,"abstract":"This paper studies causal inference in randomized experiments under network interference. Commonly used models of interference posit that treatments assigned to alters beyond a certain network distance from the ego have no effect on the ego's response. However, this assumption is violated in common models of social interactions. We propose a substantially weaker model of “approximate neighborhood interference” (ANI) under which treatments assigned to alters further from the ego have a smaller, but potentially nonzero, effect on the ego's response. We formally verify that ANI holds for well‐known models of social interactions. Under ANI, restrictions on the network topology, and asymptotics under which the network size increases, we prove that standard inverse‐probability weighting estimators consistently estimate useful exposure effects and are approximately normal. For inference, we consider a network HAC variance estimator. Under a finite population model, we show that the estimator is biased but that the bias can be interpreted as the variance of unit‐level exposure effects. This generalizes Neyman's well‐known result on conservative variance estimation to settings with interference.","PeriodicalId":341058,"journal":{"name":"ERN: Primary Taxonomy (Topic)","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127786946","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Weather Index Insurance in Sub-Saharan Africa","authors":"E. Weber","doi":"10.2139/ssrn.3396489","DOIUrl":"https://doi.org/10.2139/ssrn.3396489","url":null,"abstract":"Food insecurity is a leading cause of poverty in sub-Saharan Africa. Overcoming food insecurity would improve the health and education of rural populations, increase labour productivity and promote rural economic development. Governments and numerous aid agencies dispense food aid during famines. The recent emergence of weather index insurance offers a promising new risk management tool that enhances economic opportunities and welfare in rural sub-Saharan Africa. In 2004 MicroEnsure launched Africa’s first weather index-based insurance product.1 In 2008 the International Fund for Agricultural Development (IFAD) and the World Food Programme (WFP) established the Weather Risk Management Facility (WRMF), which supported pilot projects for weather index insurance. In 2009 Kenya Seed, the Syngenta Foundation, UAP Group, Swiss Re and the World Bank’s Global Index Insurance Facility (GIIF) joined forces to establish Kilimo Salama, which offered index-based microinsurance to Kenyan maize and wheat farmers, with more crops and livestock being added later. In 2011 WFP and Oxfam America founded the R4 Rural Resilience Initiative, building on the Horn of Africa Risk Transfer for Adaptation (HARITA). In 2013 the AXA Group launched index-based agricultural insurance; in 2014 AXA and the South African Sanlam participated in MicroEnsure; and in 2015 AXA entered into partnership with the World Bank’s GIIF. In 2014 Kilimo Salama was succeeded by the Agriculture and Climate Risk Enterprise (ACRE), which assists local insurers in Kenya, Tanzania and Rwanda. After a decade of keen experimentation, the focus has now shifted from pilot projects to scaling up index-based insurance as a risk management tool for smallholder farmers.","PeriodicalId":341058,"journal":{"name":"ERN: Primary Taxonomy (Topic)","volume":"53 1-2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114131867","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Opportunistic Maintenance for Heterogeneous Complex Systems Under Continuous Monitoring","authors":"I. Castro, R. Basten, G. van Houtum","doi":"10.2139/ssrn.3440745","DOIUrl":"https://doi.org/10.2139/ssrn.3440745","url":null,"abstract":"We analyze the maintenance strategy for a complex system consisting of two types of components: non-monitored and monitored. Non-monitored components can only be maintained correctively upon failure. Monitored components are monitored continuously and are maintained when they become too degraded, i.e., just before its degradation level hits a threshold. There is an economic dependence between the components, which means that a maintenance intervention for one component can be used as an opportunity for preventive maintenance of monitored components: If the degradation level of a monitored component exceeds a preventive threshold at the time of another maintenance intervention, this component is maintained preventively. Evaluating the costs of a given maintenance strategy is time consuming, especially for a large number of monitored components. However, using semi-regenerative techniques instead of renewal techniques, we are able to drastically shorten the required computation time: For a system with ten monitored components, the computation time to evaluate the optimal maintenance strategy goes from more than a day to few seconds. We give numerical examples to illustrate our results.","PeriodicalId":341058,"journal":{"name":"ERN: Primary Taxonomy (Topic)","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132969368","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}