Standard models of investment predict that credit-constrained firms should grow rapidly when given additional capital, and that how this capital is provided should not affect decisions to invest in the business or consume the capital. The authors randomly gave cash and in-kind grants to male-...

Do matching frictions affect youth employment in developing countries? This paper studies a randomized controlled trial of job fairs in Addis Ababa, Ethiopia. The job fairs match firms with a representative sample of young, educated job-seekers. The meetings at the fairs create very few jobs:...