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Skills and Liquidity Barriers to Youth Employment
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Abstract
En 中文
We present results of an experiment benchmarking a workforce training program against cash transfers for underemployed young adults in Rwanda. Three and one-half years after treatment, the training program enhances productive time use and asset investment, while the cash transfers drive productive assets, livestock values, savings, and subjective well-being. Both interventions have powerful effects on entrepreneurship. But while labor, sales, and profits all go up, the implied wage rate in these businesses is low. Our results suggest that credit is a major barrier to self-employment, but deeper reforms may be required to enable entrepreneurship to provide a transformative pathway out of poverty.
Keywords:
LONG-RUN IMPACTS
CASH TRANSFERS
SMALL BUSINESS
INTERVENTION
FOOD
Journal
J
IF:
6
Papers:
2.8K
Citations:
6.6K
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