Liquidity, Risk, and Occupational Choices

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Stimulating managerial capital in emerging markets: the impact of business training for young entrepreneurs (2013, background): “Related research has identified other important constraints to business creation, such as lack of capital (Bianchi and Bobba 2012; De Mel et al. 2008; Gertler, Martinez, and Rubio-Codina 2006).”
Generating Skilled Self-Employment in Developing Countries: Experimental Evidence from Uganda* (2014, background): “…the standard devia- tion of earnings in the treatment group after the program is smaller than the full sample at baseline or the control group at endline.25 Finally, a regular stream of transfers is better suited than a one-time grant at stimulating productive investment (Bianchi and Bobba 2013).”