American Economic Journal:
Applied Economics
ISSN 1945-7782 (Print) | ISSN 1945-7790 (Online)
Role Models or Individual Consulting: The Impact of Personalizing Micro-entrepreneurship Training
American Economic Journal: Applied Economics
vol. 10,
no. 4, October 2018
(pp. 222–45)
Abstract
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-á-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.Citation
Lafortune, Jeanne, Julio Riutort, and José Tessada. 2018. "Role Models or Individual Consulting: The Impact of Personalizing Micro-entrepreneurship Training." American Economic Journal: Applied Economics, 10 (4): 222–45. DOI: 10.1257/app.20170077Additional Materials
JEL Classification
- J24 Human Capital; Skills; Occupational Choice; Labor Productivity
- L25 Firm Performance: Size, Diversification, and Scope
- L26 Entrepreneurship
- M53 Personnel Economics: Training
- O14 Industrialization; Manufacturing and Service Industries; Choice of Technology
- O15 Economic Development: Human Resources; Human Development; Income Distribution; Migration
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