DOCUMENTO

Appendix Tables:
Appendix Table A1: Heterogeneous effect by baseline labor market status
Following de Mel et al. 2014, we study if the program had different effects for individuals that were self-employed, wage workers or
unemployed at the baseline. We find that in 2011, unemployed individuals at the baseline had a larger probability of being self-employed and
employed, however in 2013 there are no differences in self-employment by labor status at the baseline (see Table 1 in the appendix 3). These results
are consistent with de Mel et al, who find that training was more useful for potential business owners than current business owner, but the effects
dissipate over time. Moreover, we find that self-employed individuals in the baseline have a lower probability of being a dependent worker and
receive a lower wage in 2013, which indicates that self-employed individuals in the baseline have some difficulties transiting to wage employment
when overall labor market conditions improve. These results suggest that this type of programs might be less appropriate for current business owners.