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Graph 1: ITT Effect on Wage- Employment and Earnings (MESP over control group) Employment Effect T vs Control Earnings Effect T vs Control SEP 10 AUG 11 AUG 12 AUG 13 JUN 14 SEP 10 AUG 11 AUG 12 AUG 13 JUN 14 -.4 -.2 0 .2 -.3 -.2 -.1 0 .1 .2 Months Months Employment Effect Significant at 10% Significant at 5% Earnings Effect Significant at 10% Significant at 5% Percentage over Control Group Note: Plot of the Intent to Treat effect on employment and earnings measured over the control group level for September 2010- June 2014. The lower (upper) bound for MESP+ (T2) is computed by trimming the top (bottom) 4.7% of the MESP+ data. The estimate for MESP (T1) changes due to sample change. Data from the unemployment insurance administrative records. 25
Graph 2: ITT Bounds on Wage-Employment and Earnings for MESP+ Note: Plot of the bounded effects of T1 (MESP) and T2 (MESP+) on wage-employment and earnings, for September 2010-June 2014. The lower (upper) bound for MESP+ (T2) is computed by trimming the top (bottom) 4.7% of the MESP+ data. The estimate for MESP (T1) changes due to sample change. Data from the unemployment insurance administrative records. 26
Page 1 and 2: Instituto I N S T Ide T Economía U
Page 3 and 4: 1 Introduction Income generation st
Page 5 and 6: (the new owners), but the effect va
Page 7 and 8: eneficiary skills, and the economic
Page 9 and 10: 3 Data and Measurement The baseline
Page 11 and 12: considered and potential extensions
Page 13 and 14: The average treatment effects (ITT)
Page 15 and 16: The increment in wage work for the
Page 17 and 18: existence of inventory and register
Page 19 and 20: If a beneficiary is moved from a tr
Page 21 and 22: lasted at least two years and could
Page 23 and 24: no change in business assets in the
Page 25: Figure 1: MESP Timeline ' ' ' ' ' '
Page 29 and 30: Table 2: Variable Means and Differe
Page 31 and 32: Table 4: Mechanisms 2011 2013 [1] [
Page 33 and 34: Interaction of treatment with Progr
Page 35 and 36: Appendix 1: Business Practices The
Page 37 and 38: Appendix 2: Quality index Nº Weigh
Page 39 and 40: Appendix Tables: Appendix Table A1:
Page 41 and 42: Appendix Table A2: ITT on Formal Em
Page 43 and 44: Appendix Table A3: Upper and Lower
Page 45 and 46: Appendix Table A4: Upper and Lower
Page 47 and 48: Appendix Table A5: Bounds for T1- T
Page 49 and 50: Appendix Table A6: Bounds for T1- T

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