Data and Code for: Do Credit Supply Shocks Affect Employment in Middle-Income Countries?

Principal Investigator(s): View help for Principal Investigator(s) Emilio Gutierrez, Itam; David Jaume, Bank of Mexico; Martin Tobal, Bank of Mexico

Version: View help for Version V2

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Replication Folder			10/03/2022 06:50:PM
Readme.pdf	application/pdf	235.9 KB	10/07/2022 08:55:AM

Project Citation:

Gutierrez, Emilio , Jaume, David, and Tobal, Martin . Data and Code for: Do Credit Supply Shocks Affect Employment in Middle-Income Countries? Nashville, TN: American Economic Association [publisher], 2023. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2023-10-18. https://doi.org/10.3886/E174661V2

Project Description

Summary: This is the data and code that accompanies the paper. The paper studies the effect of bank credit supply shocks on formal employment in Mexico using a proprietary data set containing information on all loans extended to firms by commercial banks during 2010-2015. We find large impacts on the formal employment of small and medium firms: a positive credit shock of one standard deviation increases yearly employment by 1.4 percentage points. The shares of uncollateralized credit, credit received by family firms, by younger firms, and by firms with no previous bank relationships also increase, suggesting that credit shocks may play a more prominent role for employment creation in credit-constrained settings.

Scope of Project

Subject Terms: Credit supply shocks; Local labor market ; Formal employment

JEL Classification:
      D22 Firm Behavior: Empirical Analysis
      D53 General Equilibrium and Disequilibrium: Financial Markets
      G01 Financial Crises
      G10 General Financial Markets: General (includes Measurement and Data)
      G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
      J01 Labor Economics: General
      J23 Labor Demand

Geographic Coverage: Local labor markets in Mexico

Time Period(s): 2010 – 2015

Collection Date(s): 2010 – 2015

Universe: Loan data: Universe of loans to firms from comercial banks in Mexico.
Employment data: Universe if formal employment registered with social security

Data Type(s): administrative records data; aggregate data; survey data

Methodology

Unit(s) of Observation: Loan-level, municipalities

Geographic Unit: Local labor market

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Published Versions

V2 [2023-10-18]

V1 [2022-07-11]

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