Plausibly Exogenous [754] - Brazilian Credit (02/11/2022)
LHS Variable
Employment and earnings
RHS Variable
Availability of bank credit
Source of Exogenous Variation
2005 Bankruptcy reform in Brazil that increased the legal protections of secured creditors, which led to an expansion of bank credit to Brazilian firms
- Fonseca and Van Doornik (2022), “Financial development and labor market outcomes: Evidence from Brazil”