Finkelstein-Shapiro, Alan; Gómez, Andrés González - Inter-American Development Bank - 2015
frictional, endogenous self-employment entry and a link between formal credit markets, informal credit, and the labor market. The … paper then shows that the model is consistent with the cyclical behavior of both labor and credit markets in Latin American … increases the volatility of all these variables in response to net worth shocks. The link between formal credit markets, input …