《AER》| 季节性资金流动、农村劳动力市场和农业生产

摘要

在许多发展中国家农村经济的特点是在收获前的几个月是淡季，此时农民耗尽了前一年的现金和储粮。为了确定淡季资产流动性的影响，我们在赞比亚农村随机选择的村庄提供补贴贷款。98%的家庭接受了贷款。贷款资格导致了农场劳动力和农业产出的增加，推高了当地劳动力市场的工资。对较贫穷家庭的更大影响表明，资金流动性限制加剧了农村经济的不平等。

Abstract

Rural economies in many developing countries are characterized by a lean season in the months preceding harvest, when farmers have depleted their cash and grain savings from the previous year. To identify the impacts of liquidity during the lean season, we offered subsidized loans in randomly selected villages in rural Zambia. Ninety-eight percent of households took up the loan. Loan eligibility led to increases in on-farm labor and agricultural output, driving up wages in local labor markets. Larger effects for poorer households suggest that liquidity constraints contribute to inequality in rural economies.

《American Economic Review》

《美国经济评论》是一份综合性的经济学杂志。成立于1911年的AER是美国最古老和最受尊敬的经济学专业学术期刊之一，目前正在庆祝出版超过100年。该杂志共出版12期，内容广泛。最新影响因子为4.250。

原文链接 link 

https://www.aeaweb.org/articles?id=10.1257/aer.20180607

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