000			01185nam a22001577a 4500
999			_c517361 _d517361
008			210710b ||||| |||| 00| 0 eng d
100			_aFlink, Gunther, Jack, B. and Kelsey, Masiye _926433
245			_aSeasonal liquidity, rural labor markets, and agricultural production
260			_aThe American Economic Review
300			_a110(11), Nov, 2020: p.3351-3392
520			_aRural 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. - Reproduced
650			_aSeasonal liquidity, Rural labor markets, Agricultural production _926434
773			_aThe American Economic Review
906			_aLABOUR MARKET
942			_cAR