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Global Financial Crisis, Credit Access and Children: Evidence from Tanzania / Hany Abdel-Latif; Philip D. Murphy; Bazoumana Ouattara; Hany Mohamed

SSRN Electronic Journal

Swansea University Author: Hany, Mohamed

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DOI (Published version): 10.2139/ssrn.3091564

Abstract

We employ the difference-in-differences framework to examine households' access to credit as a possible transmission channel of the global financial crisis to child labor in Tanzania. To deal with the endogeneity of access to credit, we propose a new instrument that considers the regional conce...

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Published in: SSRN Electronic Journal
ISSN: 1556-5068
Published: 2017
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa51897
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Abstract: We employ the difference-in-differences framework to examine households' access to credit as a possible transmission channel of the global financial crisis to child labor in Tanzania. To deal with the endogeneity of access to credit, we propose a new instrument that considers the regional concentration of available micro-finance institutions and the number of households' assets. Our instrument incorporates information on both demand and supply sides of credit access irrespective of whether a household has received credit. The empirical results reveal that a negative shock on credit-recipient households is associated with a significant increase in child labor in Tanzania.
Keywords: global financial crisis, child labor, credit access, Tanzania
College: School of Management