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The Impact of Bank Credit on Employment Formality in Uruguay

Nestor Gandelman and Alejandro Rasteletti

No 3964, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: This paper examines the effect of bank credit on employment formalization in Uruguay. Using a difference-in-differences methodology proposed by CataÞo, Pagés 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.

Keywords: Credit; market (search for similar items in EconPapers)
JEL-codes: E26 G21 O16 O4 (search for similar items in EconPapers)
Date: 2012-04
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Working Paper: The impact of bank credit on employment formality in Uruguay (2012) Downloads
Working Paper: The Impact of Bank Credit on Employment Formality in Uruguay (2012) Downloads
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