Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/88995
Authors: 
Gandelman, Nestor
Rasteletti, Alejandro
Year of Publication: 
2012
Series/Report no.: 
IDB Working Paper Series IDB-WP-302
Abstract: 
This paper examines the effect of bank credit on employment formalization in Uruguay. Using a difference-in-differences methodology proposed by Cata~o, Page´s and Rosales (2011), the paper finds that financial deepening decreases informality, especially in more financially dependent sectors. The effect is additionally found to be greater for women and younger workers. Despite the severe economic crisis and a sharp contraction of bank credit experienced by the economy in the period of analysis, no evidence is found that the effect of bank credit on employment formality has changed over time.
JEL: 
E26
G21
O16
O4
Document Type: 
Working Paper

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