Decomposing the Effects of CCTs on Entrepreneurship

Guilherme Lichand ()
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Guilherme Lichand: World Bank

World Bank - Economic Premise, 2010, issue 41, 1-4

Abstract: This note assesses whether Bolsa-Família increases the probability of starting a venture in Brazil by decomposing its potential effects into three channels: wealth-constraint alleviation, insurance provision, and reduction of children’s labor supply (through the effect of the conditionality). Results are that entrepreneurship is indeed stimulated by Bolsa-Família in urban areas through the insurance and wealth-constraint alleviation effects, notwithstanding that new ventures are typically secondary sources of income. The conditionality seems not to impact the level of entrepreneurship. Hence, Bolsa-Família might have a positive long-term effect as well, instead of just offering short-term poverty relief.

Keywords: CCTs; conditional cash transfers; entrepreneurship; Bolsa-Familia; Brazil; wealth; insurance; children; labor; developing countries (search for similar items in EconPapers)
JEL-codes: I2 I3 O2 O21 O23 O54 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (7)

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