Authors
Jeanne Lafortune, Julio Riutort, José Tessada
Publication date
2018/10/1
Journal
American Economic Journal: Applied Economics
Volume
10
Issue
4
Pages
222-245
Publisher
American Economic Association
Description
Using a randomized experiment in Chile, we study the impact role models have in the context of a training program for micro–entrepreneurs. We show that being in a group randomly chosen to be visited by a successful alumnus of the program increases household income one year after, mostly due to increased business participation and business income. We also randomized the provision of personalized “consulting sessions” vis–à–vis group sessions, and observe similar effects on income, with the role model intervention being significantly more cost-effective and better suited for less experienced businesses. (JEL J24, L25, L26, M53, O14, O15)
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