You are on page 1of 223

Accedi a

crdito
productivo

Brecha de
ingreso

Accedi a
crdito
productivo
formal

Accedi a
crdito
productivo
informal

crdito
sex
edad
edad2
nhog
aosesc
etmez

0.78969 *
0.69594 *
0.17491
0.52610 *
0.40713 *
0.39655 *
0.06639 *
0.01956
0.01978
-0.00053 *
-0.00014
-0.00014
-0.19721 *
-0.17167 *
-0.17162 *
0.07977 *
0.05369 *
0.05386
0.16703
0.08149
0.09183

etbla

0.48814 *

estcivc
estcivs
zona

0.26288 *
0.06599
0.07215
0.13558
-0.03123
-0.01794
0.31231 *
0.21236 *
0.19839 *

hortrab

0.29196 **

0.02642 **

cpropia
emplea
patrono
negfun
aosfun
negruc
cons

0.31255 *

0.02814 **

0.69520 *
0.70591 *
-0.36135 *
-0.35830 *
1.5536 *
1.60095 *
2.2976 *
2.30046 *
-0.00148
-0.00234
0.81697 *
0.87647 *
-4.3883 -5.62692 *
-5.58947 *
0.1892
0.4338
0.4254

*Significativas a un 5%
**Significativas a un 10%
Linear

brecha

F( 19, 662)
Prob > F
R-squared
Root MSE

Number of
obs
=
=
=
=

Robust
Coef.

Std. Err.

regression

682
6.48
0
0.2662
439.26

P>t

[95% Conf.

credito
osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
ozona
oblanco
onegro
onhogar
onegruc
ocomercio
otransporte
omanufactur
a
oaosfun

-190.1962
-29.02699
27.02304
-116.6077
-1.403332
-23.14663
-19.5584
-135.3612
-27.20086
-21.49584
-4.87819
46.76055
-101.8474
-0.4913288
-50.96001

40.20378
13.35717
15.70838
18.21122
16.46117
15.43601
16.42892
22.11757
12.2339
22.50148
15.31355
13.89689
18.0742
16.87879
19.06323

-4.730
-2.170
1.720
-6.400
-0.090
-1.500
-1.190
-6.120
-2.220
-0.960
-0.320
3.360
-5.630
-0.030
-2.670

0
0.03
0.086
0
0.932
0.134
0.234
0
0.027
0.34
0.75
0.001
0
0.977
0.008

-269.1385
-55.25452
-3.821216
-152.3665
-33.72572
-53.45606
-51.81747
-178.7902
-51.22279
-65.6787
-34.94718
19.47325
-137.337
-33.63375
-88.39169

41.48986

15.16423

2.740

0.006

11.71407

-9.816467

12.78804

-0.770

0.443

-34.92647

oempleados

-82.21294

26.69115

-3.080

0.002

-134.6224

oambulante
_cons

-14.13816
-235.4824

16.11891
16.03768

-0.880
-14.680

0.381
0

-45.78851
-266.9732

Linear

brecha
credito
osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
ozona
oblanco
onegro

F( 19, 279)
Prob > F
R-squared
Root MSE

Number of
obs
=
=
=
=

Robust
Coef.

Std. Err.

regression

-0.8249621
0.0418186
-1.18054
-0.4887511
-0.8610031
1.864305
-1.073405
-0.0920628
-1.418436
-1.531506
-0.5849613

1.470443
0.591018
0.5898935
0.5752542
0.6198636
0.6099694
0.8423198
0.461542
0.5222612
0.5969188
0.4248376

299
2.35
0.0014
0.1573
10.037

P>t
-0.56
0.07
-2
-0.85
-1.39
3.06
-1.27
-0.2
-2.72
-2.57
-1.38

[95% Conf.
0.575
0.944
0.046
0.396
0.166
0.002
0.204
0.842
0.007
0.011
0.17

-3.719533
-1.121602
-2.341747
-1.621141
-2.081206
0.6635783
-2.731515
-1.00061
-2.446509
-2.706543
-1.421255

onhogar
onegruc
ocomercio
otransporte
omanufactur
a

1.927123
0.3904992
-1.041205
-0.0022922

0.6955094
0.5801586
0.5755498
0.4151753

2.77
0.67
-1.81
-0.01

0.006 0.5580105
0.501 -0.7515448
0.072
-2.174176
0.996 -0.8195661

-0.2032701

0.5301338

-0.38

0.702

-1.24684

oaosfun

-0.3547193

0.5698668

-0.62

0.534

-1.476504

oempleados

-0.6736268

0.5323355

-1.27

0.207

-1.721531

oambulante

-0.3996836

0.6973652

-0.57

0.567

-1.772449

40.78333

0.6458671

63.15

39.51194

_cons

Linear

brecha
credito
sexo
edadjh
aosesc
horastrab
casado
soltero
patrono
zona
blanco
negro
nhogar
negruc
comercio
transporte
manufactura
aosfun
empleados

F( 19, 961)
Prob > F
R-squared
Root MSE

Number of
obs
=
=
=
=

Robust
Coef.

Std. Err.

regression

981
8.8
0
0.3056
377.63

P>t

[95% Conf.

-69.61623
3.210077
0.9847521
-10.84126
5.314469
-9.116541
10.58604
-201.8172
-25.20154
-52.86396
-10.92965
19.50237
-209.0712
0.0184597
-161.8871

32.33195
25.18415
0.889797
2.973092
4.305194
27.48789
60.04556
56.18376
24.87143
60.73299
63.77608
5.110823
38.75422
31.98908
63.24279

-2.15
0.13
1.11
-3.65
1.23
-0.33
0.18
-3.59
-1.01
-0.87
-0.17
3.82
-5.39
0
-2.56

0.032
-133.0656
0.899
-46.2122
0.269 -0.7614171
0
-16.67576
0.217
-3.134198
0.74
-63.05976
0.86
-107.2495
0
-312.0742
0.311
-74.01013
0.384
-172.0486
0.864
-136.0861
0
9.472711
0
-285.1238
1
-62.75806
0.011
-285.997

81.11186

32.00701

2.53

0.011

18.30017

-2.414992
-70.49069

0.9041238
19.90027

-2.67
-3.54

0.008
0

-4.189277
-109.5437

ambulante
_cons

-32.71763
35.34007

29.25358
73.61963

-1.12
0.48

ricos
brecha
credito
credito formalcredito infrmal
credito
-190.196
-174.506
-127.141
osexo
-29.027
-29.692
-28.543
oedadjh
27.023
24.886
28.580
oaosesc
-116.608
-113.759
-118.684
ohorastrab
-1.403
-0.780
-1.857
ocasado
-23.147
-19.101
-26.094
osoltero
-19.558
-17.676
-20.930
opatrono
-135.361
-137.518
-133.790
ozona
-27.201
-30.443
-24.839
oblanco
-21.496
-21.000
-21.857
onegro
-4.878
-3.012
-6.238
onhogar
46.761
46.699
46.805
onegruc
-101.847
-92.676
-108.530
ocomercio
-0.491
-1.955
0.575
otransporte
-50.960
-48.004
-53.114
omanufactur
41.490
40.812
41.984
a
oaosfun
-9.816
-9.226
-10.247

0.264
0.631

-90.1259
-109.1337

0.000
0.030
0.086
0.000
0.932
0.134
0.234
0.000
0.027
0.340
0.750
0.001
0.000
0.977
0.008

0.000
0.026
0.115
0.000
0.962
0.223
0.280
0.000
0.014
0.347
0.838
0.001
0.000
0.908
0.011

0.006

0.008

0.443

0.470

oempleados

-82.213

-82.421

-82.061

0.002

0.002

oambulante
_cons
R-squared

-14.138
-235.482
0.266

-16.388
-262.147
0.255

-12.499
-289.079
0.240

0.381
0.000

0.323
0.000

Linear

Interval]

brecha

F( 19, 662)
Prob > F
R-squared
Root MSE

Number of
obs
=
=
=
=

Robust
Coef.

Std. Err.

regression

=
6.15
0
0.2547
442.67

-111.2539
-2.799456
57.86729
-80.84901
30.91906
7.162804
12.70066
-91.93214
-3.178937
22.68703
25.1908
74.04784
-66.3577
32.65109
-13.52833

15.29353

credfor
osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
ozona
oblanco
onegro
onhogar
onegruc
ocomercio
otransporte
omanufactur
a
oaosfun

-29.80343

oempleados

-82.42104

26.98568

-3.05

17.51218
-203.9915

oambulante
_cons

-16.38817
-262.1465

16.56295
17.17778

-0.99
-15.26

71.26565

Linear

Interval]
brecha
2.069609
1.205239
-0.0193332
0.6436386
0.3592002
3.065032
0.5847037
0.8164841
-0.3903629
-0.3564694
0.2513329

credfor
osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
ozona
oblanco

-174.5063
-29.69161
24.8855
-113.7585
-0.7803488
-19.10058
-17.67648
-137.5178
-30.44312
-21.00047
-3.01214
46.6992
-92.67593
-1.954995
-48.00407

47.32129
13.30629
15.77196
17.9458
16.44624
15.66355
16.35054
22.22155
12.31359
22.33386
14.74755
13.84426
17.81299
16.93063
18.87135

-3.69
-2.23
1.58
-6.34
-0.05
-1.22
-1.08
-6.19
-2.47
-0.94
-0.2
3.37
-5.2
-0.12
-2.54

40.81184

15.31066

2.67

-9.225983

12.77552

-0.72

F( 19, 279)
Prob > F
R-squared
Root MSE

Number of
obs
=
=
=
=

Robust
Coef.

Std. Err.

regression

0.3695136
0.0484646
-1.186205
-0.4889011
-0.8571279
1.860308
-1.078907
-0.1009205
-1.420525
-1.538594

1.969265
0.5925011
0.5935937
0.5749001
0.6207881
0.6063797
0.8412154
0.4857046
0.519699
0.5924461

=
2.37
0.0013
0.1565
10.042

t
0.19
0.08
-2
-0.85
-1.38
3.07
-1.28
-0.21
-2.73
-2.6

3.296235
1.532543
0.0917669
0.8149818

onegro
onhogar
onegruc
ocomercio

-0.576359
1.926719
0.3895109
-1.046069

0.4260578
0.6901512
0.5700722
0.5754179

-1.35
2.79
0.68
-1.82

0.8402999

otransporte

-0.0041505

0.4167369

-0.01

0.7670653

omanufactur
a

-0.2058082

0.5302644

-0.39

0.3742773

oaosfun

-0.3557243

0.5695453

-0.62

0.973082

oempleados

-0.6786743

0.5261837

-1.29

42.05472

oambulante
_cons

-0.391752
40.57918

0.7028512
0.6153397

-0.56
65.95

Linear

Interval]
-6.166849
52.63236
2.730921
-5.006756
13.76314
44.82668
128.4216
-91.56017
23.60704
66.32063
114.2268
29.53203
-133.0185
62.79498
-37.7772
143.9235
-0.6407072
-31.43769

brecha
credfor
sexo
edadjh
aosesc
horastrab
casado
soltero
patrono
zona
blanco
negro
nhogar
negruc
comercio
transporte
manufactura
aosfun
empleados

F( 19, 961)
Prob > F
R-squared
Root MSE

Number of
obs
=
=
=
=

Robust
Coef.

Std. Err.

regression

=
8.87
0
0.3053
377.72

-77.48788
1.03314
0.9600397
-10.92624
4.668436
-5.892817
12.82329
-208.2074
-28.15518
-48.72592
-12.90978
19.31954
-201.6139
-3.519394
-162.1209

39.6573
25.23181
0.8910424
2.950204
4.324231
27.45585
60.02415
56.93201
24.54289
60.82976
62.0326
5.124214
37.85982
30.62312
60.30368

-1.95
0.04
1.08
-3.7
1.08
-0.21
0.21
-3.66
-1.15
-0.8
-0.21
3.77
-5.33
-0.11
-2.69

77.00825

31.44247

2.45

-2.291247
-71.08331

0.9113306
19.92957

-2.51
-3.57

24.69064
179.8138

ambulante
_cons

-35.20993
40.05374

29.0139
73.73762

-1.21
0.54

0.428

pobres
brecha
credito
credito formalcredito infrmal
credito
-0.825
0.370
-1.791
osexo
0.042
0.048
0.074
oedadjh
-1.181
-1.186
-1.208
oaosesc
-0.489
-0.489
-0.489
ohorastrab
-0.861
-0.857
-0.842
ocasado
1.864
1.860
1.845
osoltero
-1.073
-1.079
-1.100
opatrono
-0.092
-0.101
-0.135
ozona
-1.418
-1.421
-1.429
oblanco
-1.532
-1.539
-1.566
onegro
-0.585
-0.576
-0.543
onhogar
1.927
1.927
1.925
onegruc
0.390
0.390
0.386
ocomercio
-1.041
-1.046
-1.065
otransporte
-0.002
-0.004
-0.011
omanufactur
-0.203
-0.206
-0.216
a
oaosfun
-0.355
-0.356
-0.360

0.002

oempleados

-0.674

-0.679

-0.698

0.437
0.000

oambulante
_cons
R-squared

-0.400
40.783
0.157

-0.392
40.579
0.157

-0.361
40.807
0.159

0.044
0.036
0.074
0.000
0.911
0.106
0.200
0.000
0.049
0.335
0.688
0.001
0.000
0.973
0.007
0.006

682

Linear

regression
F( 19, 662)
Prob > F
R-squared
Root MSE

P>t

[95% Conf.

Interval]

brecha

Robust
Coef.

0
0.026
0.115
0
0.962
0.223
0.28
0
0.014
0.347
0.838
0.001
0
0.908
0.011

-267.4242
-55.81923
-6.083587
-148.996
-33.07342
-49.85681
-49.78166
-181.151
-54.62152
-64.85422
-31.96975
19.51525
-127.6527
-35.1992
-85.05899

-81.58841
-3.563983
55.85459
-78.52093
31.51273
11.65565
14.42869
-93.88459
-6.264722
22.85328
25.94547
73.88315
-57.69916
31.28921
-10.94916

-127.1414
-28.54276
28.5804
-118.6836
-1.857223
-26.09449
-20.92953
-133.7899
-24.83862
-21.85675
-6.237753
46.80524
-108.5295
0.5750658
-53.11364

15.85944

credinf
osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
ozona
oblanco
onegro
onhogar
onegruc
ocomercio
otransporte
omanufactur
a
oaosfun

0.008

10.74854

70.87514

0.47

-34.3114

0.002

-135.4089

-29.4332

oempleados

-82.06132

0.323
0

-48.91041
-295.876

16.13408
-228.417

oambulante
_cons

-12.49886
-289.0789

299

Linear

41.98385
-10.24668

regression
F( 19, 279)
Prob > F
R-squared
Root MSE

P>t

[95% Conf.
0.851
0.935
0.047
0.396
0.168
0.002
0.201
0.836
0.007
0.01

Interval]

-3.506991
4.246018
-1.117876
1.214805
-2.354696 -0.0177141
-1.620594 0.6427916
-2.079151 0.3648955
0.6666475
3.053968
-2.734842 0.5770283
-1.057032 0.8551905
-2.443555 -0.3974964
-2.704826 -0.3723622

brecha
credinf
osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
ozona
oblanco

Robust
Coef.
-1.791488
0.0740402
-1.208005
-0.4894787
-0.8422151
1.844927
-1.100078
-0.1350072
-1.428567
-1.565871

0.177
-1.415055
0.006 0.5681546
0.495 -0.7326779
0.07
-2.178781

0.2623372
3.285284
1.5117
0.0866433

onegro
onhogar
onegruc
ocomercio

-0.5432555
1.925167
0.3857077
-1.064786

0.992 -0.8244984

0.8161974

otransporte

0.698

-1.249635

0.8380188

omanufactur
a

0.533

-1.476876

0.7654274

oaosfun

0.198

-1.714469

0.35712

oempleados

-0.6980982

0.578
0

-1.775317
39.36789

0.9918128
41.79048

oambulante
_cons

-0.3612296
40.80675

-0.011302
-0.2155755
-0.359592

.
981

Linear

regression
F( 19, 961)
Prob > F
R-squared
Root MSE

P>t

[95% Conf.
0.051
-155.3128
0.967
-48.48266
0.282 -0.7885736
0
-16.71583
0.281
-3.817589
0.83
-59.77315
0.831
-104.9702
0
-319.9328
0.252
-76.31902
0.423
-168.1004
0.835
-134.6448
0
9.263602
0
-275.9113
0.909
-63.61529
0.007
-280.463
0.014
0.012
0

15.30443

Interval]
0.3370232
50.54894
2.708653
-5.136657
13.15446
47.98752
130.6168
-96.48202
20.00866
70.64858
108.8252
29.37548
-127.3164
56.5765
-43.77882
138.7121

-4.079674 -0.5028193
-110.1938
-31.97282

brecha
credinf
sexo
edadjh
aosesc
horastrab
casado
soltero
patrono
zona
blanco
negro
nhogar
negruc
comercio
transporte
manufactura
aosfun
empleados

Robust
Coef.
-22.16602
6.004841
1.037148
-11.28293
4.303976
-8.038976
4.655353
-211.5758
-23.28119
-48.12805
-15.85533
19.25112
-214.7213
-11.94616
-182.8377
74.42184
-2.157798
-71.92923

0.225
0.587

-92.14784
-104.6516

21.72797
184.7591

ambulante
_cons

-29.93719
30.65198

credito
-69.616
3.210
0.985
-10.841
5.314
-9.117
10.586
-201.817
-25.202
-52.864
-10.930
19.502
-209.071
0.018
-161.887

0.575
0.944
0.046
0.396
0.166
0.002
0.204
0.842
0.007
0.011
0.170
0.006
0.501
0.072
0.996

0.851
0.935
0.047
0.396
0.168
0.002
0.201
0.836
0.007
0.010
0.177
0.006
0.495
0.070
0.992

0.375
0.902
0.041
0.395
0.173
0.003
0.192
0.771
0.007
0.010
0.213
0.006
0.500
0.067
0.978

total
brecha
credito
sexo
edadjh
aosesc
horastrab
casado
soltero
patrono
zona
blanco
negro
nhogar
negruc
comercio
transporte

0.702

0.698

0.685

manufactura

81.112

0.534

0.533

0.528

aosfun

-2.415

0.207

0.198

0.190

empleados

-70.491

0.567
0.000

0.578
0.000

0.610
0.000

ambulante
_cons
R-squared

-32.718
35.340
0.306

dito infrmal

reg brecha credfor osexo oedadjh oaosesc ohorastrab ocasado osoltero opa
> porte omanufactura oaosfun oempleados oambulante, robust
Number of
obs
=
=
=
=

Std. Err.

682
6.04
0
0.2398
447.08

P>t

[95% Conf.

Interval]

63.08291
13.60126
15.99629
18.60907
16.64494
16.14044
16.32474
22.19345
12.58466
22.65078
15.52477
14.13761
17.90809
17.1995
19.78914

-2.02
-2.1
1.79
-6.38
-0.11
-1.62
-1.28
-6.03
-1.97
-0.96
-0.4
3.31
-6.06
0.03
-2.68

0.044
0.036
0.074
0
0.911
0.106
0.2
0
0.049
0.335
0.688
0.001
0
0.973
0.007

15.31992

2.74

0.006

11.90237

72.06533

12.9133

-0.79

0.428

-35.60264

15.10928

26.55176

-3.09

0.002

-134.1971

-29.92551

16.05829
16.68915

-0.78
-17.32

0.437
0

-44.03018
-321.849

19.03246
-256.3089

Number of
obs
=
=
=
=

Std. Err.
2.016979
0.5989411
0.5894107
0.5743985
0.6162358
0.6124313
0.8416286
0.4630942
0.5237194
0.5996707

-251.0081
-3.274741
-55.24957
-1.835945
-2.829181
59.98998
-155.2236
-82.14372
-34.54045
30.82601
-57.78711
5.598135
-52.98404
11.12498
-177.3679
-90.21185
-49.54929 -0.1279573
-66.33278
22.61928
-36.72148
24.24598
19.04529
74.56519
-143.693
-73.36595
-33.19707
34.3472
-91.97068
-14.2566

299
2.4
0.0011
0.159
10.027

P>t
-0.89
0.12
-2.05
-0.85
-1.37
3.01
-1.31
-0.29
-2.73
-2.61

[95% Conf.
0.375
0.902
0.041
0.395
0.173
0.003
0.192
0.771
0.007
0.01

Interval]

-5.761918
2.178942
-1.104977
1.253058
-2.368262 -0.0477482
-1.620184 0.6412265
-2.055277 0.3708471
0.6393538
3.0505
-2.756826
0.556671
-1.04661 0.7765953
-2.45951 -0.3976239
-2.746325 -0.3854176

0.4348849
0.6925508
0.570528
0.5781122

-1.25
2.78
0.68
-1.84

0.213
-1.399328
0.006 0.5618785
0.5 -0.7373785
0.067
-2.202802

0.3128168
3.288455
1.508794
0.0732294

0.413795

-0.03

0.978 -0.8258588

0.8032548

0.5309357

-0.41

0.685

-1.260724

0.829573

0.5697242

-0.63

0.528

-1.481096

0.7619119

0.5313003

-1.31

0.19

-1.743964

0.3477681

0.706668
0.6094886

-0.51
66.95

0.61
0

-1.752308
39.60697

1.029848
42.00654

Number of
obs
=
=
=
=

Std. Err.

981
8.8
0
0.3014
378.77

P>t

[95% Conf.

47.40814
25.31881
0.8902961
3.046904
4.292538
28.12336
59.75608
56.11769
24.81487
60.59054
63.73896
5.125434
38.75746
31.32648
63.06826

-0.47
0.24
1.16
-3.7
1
-0.29
0.08
-3.77
-0.94
-0.79
-0.25
3.76
-5.54
-0.38
-2.9

0.64
-115.2014
0.813
-43.6817
0.244 -0.7100006
0
-17.26228
0.316
-4.119853
0.775
-63.22926
0.938
-112.6121
0
-321.7031
0.348
-71.97878
0.427
-167.0331
0.804
-140.9389
0
9.192788
0
-290.7804
0.703
-73.42236
0.004
-306.6051

31.96098

2.33

0.02

0.8951188
19.60158

-2.41
-3.67

0.016
0

11.70048

Interval]
70.86939
55.69138
2.784297
-5.303573
12.7278
47.15131
121.9228
-101.4484
25.41641
70.77698
109.2283
29.30946
-138.6623
49.53004
-59.07031
137.1432

-3.914411 -0.4011851
-110.3961
-33.46239

28.5498
73.1516

-1.05
0.42

credito formalcredito infrmal


-77.488
-22.166
1.033
6.005
0.960
1.037
-10.926
-11.283
4.668
4.304
-5.893
-8.039
12.823
4.655
-208.207
-211.576
-28.155
-23.281
-48.726
-48.128
-12.910
-15.855
19.320
19.251
-201.614
-214.721
-3.519
-11.946
-162.121
-182.838

0.295
0.675

-85.96433
-112.9033

26.08994
174.2073

0.032
0.899
0.269
0.000
0.217
0.740
0.860
0.000
0.311
0.384
0.864
0.000
0.000
1.000
0.011

0.051
0.967
0.282
0.000
0.281
0.830
0.831
0.000
0.252
0.423
0.835
0.000
0.000
0.909
0.007

0.640
0.813
0.244
0.000
0.316
0.775
0.938
0.000
0.348
0.427
0.804
0.000
0.000
0.703
0.004

77.008

74.422

0.011

0.014

0.020

-2.291

-2.158

0.008

0.012

0.016

-71.083

-71.929

0.000

0.000

0.000

-35.210
40.054
0.305

-29.937
30.652
0.301

0.264
0.631

0.225
0.587

0.295
0.675

. regcredito
brecha osexo
credinf
sexo edadjh
horastrab
ca
. reg brecha
oedadjh
oaosescaosesc
ohorastrab
ocasad
Linear
regression
Numbe
> ura aosfun oaosfun
empleados
ambulante,
robust
> porte omanufactura
oempleados
oambulante,
robust
F( 19
Prob
Linear regression
Linear regression
Numbe
R-squ
F(
19
Root
Prob
R-squ
Root
Robust

brechaa

Coef.

Std. Err.

P>|t|

[9

Robust

Robust
credinf
-1.791488
2.016979
0.375
-5.
brecha
Coef.
Std.-0.89
Err.
t
P>|t
brecha
Coef.
Std.
Err.
t
P>|t|
[9
osexo
.0740402
.5989411
0.12
0.902
-1.
oedadjh credinf
-1.208005-22.16602
.5894107 47.40814
-2.05
0.041
-2.
-0.47
0.64
credito
-190.1962
40.20378
-4.73
0.000
-26
sexo
6.004841
0.24
0.81
oaosesc
-.4894787
.5743985 25.31881
-0.85
0.395
-1.
osexo
-29.02699
13.35717
-2.17
0.030
-55
edadjh
1.16
0.24
ohorastrab
-.8422151 1.037148
.6162358 .8902961
-1.37
0.173
-2.
oedadjh
27.02304
15.70838
1.72
0.086
-3.
aosesc
-3.70
0.00
ocasado
1.844927-11.28293
.6124313 3.046904
3.01
0.003
.6
oaosesc
-116.6077
18.21122
-6.40
0.000
-15
1.00
0.31
osolterohorastrab
-1.100078 4.303976
.8416286 4.292538
-1.31
0.192
-2.
ohorastrab
-1.403332
16.46117
-0.09
0.932
-33
casado
-8.038976
28.12336
-0.29
0.77
opatrono
-.1350072
.4630942
-0.29
0.771
-1
soltero
4.655353
59.75608
0.08
0.93
ocasado
-23.14663
15.43601
-1.50
0.134
-53
ozona credito
-1.428567
.5237194
-2.73
0.007 ocasad
-2
. reg brecha
osexo oedadjh
oaosesc
ohorastrab
patrono
-211.5758
56.11769
-3.77
0.00
osoltero
-19.5584
16.42892
-1.19
0.234
-51
> porte
omanufactura
oaosfun .5996707
oempleados oambulante,
robust
oblanco
-1.565871
-2.61
0.010
-2.
zona
-23.28119
-0.94
0.34
opatrono
-135.3612
22.11757 24.81487
-6.12
0.000
-17
onegro
-.5432555
.4348849
-1.25
0.213
-1.
blanco
-0.79 Numbe
0.42
ozona
-27.20086-48.12805
12.2339 60.59054
-2.22
0.027
-51
Linear regression
onhogar
1.925167
.6925508
2.78
0.006
.5
negro
-0.25 F(
0.80
19
oblanco
-21.49584-15.85533
22.50148 63.73896
-0.96
0.340
-6
onegruc
.3857077
.570528
0.68
0.500
-.7
nhogar
3.76 Prob
0.00
onegro
-4.87819 19.25112
15.31355 5.125434
-0.32
0.750
-34
ocomercio
-1.064786-214.7213
.5781122
-1.84
0.067
-2.
negruc
-5.54 R-squ
0.00
onhogar
46.76055
13.89689 38.75746
3.36
0.001
19
otransporte comercio
-.011302-11.94616
.413795 31.32648
-0.03
0.978
-.8
-0.38 Root
0.70
onegruc
-101.8474
18.0742
-5.63
0.000
-1
horastrab ocasado
osoltero opatrono
ozona
oblanco onegro
onhogar
onegruc
ocomercio
omanufactura
-.2155755
.5309357
-0.41 otrans
0.685
-1.
transporte
-182.8377
63.06826
-2.90
0.00
-.4913288
16.87879
-0.03
0.977
-33
oambulante, robustocomercio
oaosfun
-.359592 74.42184
.5697242 31.96098
-0.63
0.528
-1.
manufactura
2.33
0.02
Robust
otransporte
-50.96001
19.06323
-2.67
0.008
-88
aosfun
-2.157798
.8951188
-2.41
0.01
oempleados
-.6980982
.5313003
-1.31
0.190
-1.
brecha
Coef.
Std.
Err.
t
P>|t|
[9
omanufactura
41.48986
15.16423
2.74
0.006
11
-3.67
0.00
oambulanteempleados
-.3612296-71.92923
.706668 19.60158
-0.51
0.610
-1.
oaosfunambulante
-9.816467-29.93719
12.78804 28.5498
-0.77
0.443
-34
-1.05
0.29
credito
-190.1962
40.20378
-4.73
0.000
-26
_cons
40.80675
.6094886
66.95
39
oempleados
-82.21294
26.69115
-3.08
0.002
-13
_cons
0.42
0.67
osexo
-29.02699 30.65198
13.35717 73.1516
-2.17
0.030
-55
oambulante
-14.13816
16.11891
-0.88
0.381
-45
oedadjh
27.02304
15.70838
1.72
0.086
-3.
oaosesc
-116.6077
18.21122
-6.40
0.000
-15
_cons
-235.4824
16.03768
-14.68
-26
. ohorastrab
-1.403332
16.46117
-0.09
0.932
-33
ocasado
osoltero
opatrono
ozona
oblanco
onegro
onhogar

-23.14663
-19.5584
-135.3612
-27.20086
-21.49584
-4.87819
46.76055

15.43601
16.42892
22.11757
12.2339
22.50148
15.31355
13.89689

-1.50
-1.19
-6.12
-2.22
-0.96
-0.32
3.36

0.134
0.234
0.000
0.027
0.340
0.750
0.001

-53
-51
-17
-51
-6
-34
19

ohorastrab
ocasado
osoltero
opatrono
ozona
oblanco
onegro
onhogar
onegruc
ocomercio
otransporte
omanufactura
oaosfun
oempleados
oambulante
_cons

-1.403332
-23.14663
-19.5584
-135.3612
-27.20086
-21.49584
-4.87819
46.76055
-101.8474
-.4913288
-50.96001
41.48986
-9.816467
-82.21294
-14.13816
-235.4824

16.46117
15.43601
16.42892
22.11757
12.2339
22.50148
15.31355
13.89689
18.0742
16.87879
19.06323
15.16423
12.78804
26.69115
16.11891
16.03768

-0.09
-1.50
-1.19
-6.12
-2.22
-0.96
-0.32
3.36
-5.63
-0.03
-2.67
2.74
-0.77
-3.08
-0.88
-14.68

0.932
0.134
0.234
0.000
0.027
0.340
0.750
0.001
0.000
0.977
0.008
0.006
0.443
0.002
0.381
0.000

Linear regression

-33
-53
-51
-17
-51
-6
-34
19
-1
-33
-88
11
-34
-13
-45
-26

Numbe
F( 19
Prob
R-squ
Root

brechaa

Coef.

credinf
osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
ozona
oblanco
onegro
onhogar
onegruc
ocomercio
otransporte
omanufactura
oaosfun
oempleados
oambulante

-1.791488
.0740402
-1.208005
-.4894787
-.8422151
1.844927
-1.100078
-.1350072
-1.428567
-1.565871
-.5432555
1.925167
.3857077
-1.064786
-.011302
-.2155755
-.359592
-.6980982
-.3612296

Robust
Std. Err.
2.016979
.5989411
.5894107
.5743985
.6162358
.6124313
.8416286
.4630942
.5237194
.5996707
.4348849
.6925508
.570528
.5781122
.413795
.5309357
.5697242
.5313003
.706668

t
-0.89
0.12
-2.05
-0.85
-1.37
3.01
-1.31
-0.29
-2.73
-2.61
-1.25
2.78
0.68
-1.84
-0.03
-0.41
-0.63
-1.31
-0.51

P>|t|

[9

0.375
0.902
0.041
0.395
0.173
0.003
0.192
0.771
0.007
0.010
0.213
0.006
0.500
0.067
0.978
0.685
0.528
0.190
0.610

-5.
-1.
-2.
-1.
-2.
.6
-2.
-1
-2
-2.
-1.
.5
-.7
-2.
-.8
-1.
-1.
-1.
-1.

ocomercio
otransporte
omanufactura
oaosfun
oempleados
oambulante
_cons

-1.064786
-.011302
-.2155755
-.359592
-.6980982
-.3612296
40.80675

.5781122
.413795
.5309357
.5697242
.5313003
.706668
.6094886

-1.84
-0.03
-0.41
-0.63
-1.31
-0.51
66.95

0.067
0.978
0.685
0.528
0.190
0.610
0.000

-2.
-.8
-1.
-1.
-1.
-1.
39

. reg brecha credinf sexo edadjh aosesc horastrab


> ura aosfun empleados ambulante, robust
Linear regression

brecha

Coef.

credinf
sexo
edadjh
aosesc
horastrab
casado
soltero
patrono
zona
blanco
negro
nhogar
negruc

-22.16602
6.004841
1.037148
-11.28293
4.303976
-8.038976
4.655353
-211.5758
-23.28119
-48.12805
-15.85533
19.25112
-214.7213

Robust
Std. Err.
47.40814
25.31881
.8902961
3.046904
4.292538
28.12336
59.75608
56.11769
24.81487
60.59054
63.73896
5.125434
38.75746

t
-0.47
0.24
1.16
-3.70
1.00
-0.29
0.08
-3.77
-0.94
-0.79
-0.25
3.76
-5.54

0
0
0
0
0
0
0
0
0
0
0
0
0

soltero
patrono
zona
blanco
negro
nhogar
negruc
comercio
transporte
manufactura
aosfun
empleados
ambulante
_cons

4.655353
-211.5758
-23.28119
-48.12805
-15.85533
19.25112
-214.7213
-11.94616
-182.8377
74.42184
-2.157798
-71.92923
-29.93719
30.65198

59.75608
56.11769
24.81487
60.59054
63.73896
5.125434
38.75746
31.32648
63.06826
31.96098
.8951188
19.60158
28.5498
73.1516

0.08
-3.77
-0.94
-0.79
-0.25
3.76
-5.54
-0.38
-2.90
2.33
-2.41
-3.67
-1.05
0.42

0
0
0
0
0
0
0
0
0
0
0
0
0
0

horastrab
casado
soltero
patrono
zona oblanco
blanco
nhogar
neg
scaosesc
ohorastrab
ocasado
osoltero
onegro
onhogar
Number
of obs
= opatrono
299 ozona
. regnegro
brechaa
credfor
, robust
oambulante,
robust
F( 19,
279) =
2.40
> sporte omanufactura
Prob > F
= 0.0011
obs
981
Number
ofNumber
obs = of0.1590
682=
R-squared
Linear regression
F(
19,
961)
=
8.80
F(
19,
6.48
Root
MSE 662) = 10.027
Prob > F Prob >= F 0.0000= 0.0000
R-squared
=
0.3014
R-squared
= 0.2662
Root MSE
=
378.77
Root MSE
= 439.26

P>|t|

[95% Conf. Interval]

ust

-0.89
0.375
-5.761918 [95%2.178942
Err.
t
P>|t|
Conf. Interval]
t
P>|t|
[95%
Conf.
Interval]
0.12
0.902
-1.104977
1.253058
brechaa
C
-2.05
0.041
-2.368262
-.0477482 70.86939
0814
-0.47
0.640
-115.2014
-4.73
0.000
-269.1385
-111.2539
1881
0.24
0.813
-0.85
0.395
-1.620184 -43.6817
.6412265 55.69138
credfor
.369
-2.17
0.030
-55.25452
-2.799456
2961
1.16
0.244
-.7100006
-1.37
0.173
-2.055277
.3708471 2.784297
osexo
.048
1.72
0.086
-3.821216
57.86729
6904
-3.70
0.000
-17.26228
-5.303573
3.01
0.003
.6393538
3.0505
oedadjh
-1.18
-6.40
0.000
-152.3665
-80.84901
2538
1.00
0.316
-4.119853
-1.31
0.192
-2.756826
.556671 12.7278
oaosesc
-.488
-0.09
0.932
-33.72572
30.91906
2336
-0.29
0.775
-63.22926
47.15131
-0.29
0.771
-1.04661
.7765953
ohorastrab
-.857
5608
0.08
0.938
-112.6121
121.9228
-1.50
0.134
-53.45606
7.162804
-2.73
0.007
-2.45951
-.3976239
sc ohorastrab ocasado osoltero opatrono ozona oblanco ocasado
onegro onhogar
1.86
1769
-3.77
0.000
-321.7031
-101.4484
-1.19
0.234
-51.81747
12.70066
oambulante,
robust
-2.61
0.010
-2.746325
-.3854176
osoltero
-1.07
1487
-0.94
0.348
-6.12
0.000
-178.7902-71.97878
-91.93214 25.41641
-1.25
0.213
-1.399328
.3128168
opatrono
-.100
9054
-0.79 Number
0.427
-167.0331
-2.22
0.027
-51.22279
-3.178937
of obs
=
682 70.77698
2.78
0.006
.5618785
3.288455
3896
-0.25 F(
0.804
-140.9389
ozona
-1.42
19,
662)
= 22.68703
6.48 109.2283
-0.96
0.340
-65.6787
0.68
0.500
-.7373785
1.508794
5434
3.76 Prob
0.000
> F
9.192788
= 25.1908
0.0000 29.30946
oblanco
-1.53
-0.32
0.750
-34.94718
-1.84
0.067
-2.202802
.0732294
=
0.2662
5746
-5.54 R-squared
0.000
-290.7804
-138.6623
onegro
-.57
3.36
0.001
19.47325
74.04784
Root
MSE
=
439.26
-0.03
0.978
-.8258588
.8032548
2648
-0.38
0.703
-73.42236
49.53004
onhogar
1.92
-5.63
0.000
-137.337
-66.3577
omercio
-0.41
0.685
-1.260724
.829573
6826 otrans
-2.90
0.004
-306.6051
-59.07031
onegruc
.389
-0.03
0.977
-33.63375
32.65109
-0.63
0.528
-1.481096 11.70048
.7619119 137.1432
6098
2.33
0.020
-2.67
0.008
-88.39169
-13.52833
ocomercio
-1.04
1188
-2.41
0.016
-3.914411
-.4011851
-1.31
0.190
-1.743964
.3477681
t
P>|t|
[95%
Conf. Interval]
2.74
0.006
11.71407
71.26565
otransporte
-.004
0158
-3.67
0.000
-110.3961
-33.46239
-0.51
0.610
-1.752308
1.029848
-0.77
0.443
-34.92647-85.96433
15.29353 26.08994 omanufactura
-.205
5498
-1.05
0.295
-4.73
0.000
-269.1385
-111.2539
66.95
39.60697
42.00654
-3.08
0.002
-134.6224
-29.80343
oaosfun
-.355
1516
0.42
0.675
-112.9033
-2.17
0.030
-55.25452
-2.799456 174.2073
-0.88
0.381
-45.78851
17.51218
1.72
0.086
-3.821216
57.86729
oempleados
-.678
-6.40
0.000
-152.3665
-80.84901
14.68
-266.9732
-203.9915
oambulante
-.39
-0.09
0.932
-33.72572
30.91906
_cons
40.5

-1.50
-1.19
-6.12
-2.22
-0.96
-0.32
3.36

0.134
0.234
0.000
0.027
0.340
0.750
0.001

-53.45606
-51.81747
-178.7902
-51.22279
-65.6787
-34.94718
19.47325

7.162804
12.70066
-91.93214
-3.178937
22.68703
25.1908
74.04784

-0.09
-1.50
-1.19
-6.12
-2.22
-0.96
-0.32
3.36
-5.63
-0.03
-2.67
2.74
-0.77
-3.08
-0.88
14.68

0.932
0.134
0.234
0.000
0.027
0.340
0.750
0.001
0.000
0.977
0.008
0.006
0.443
0.002
0.381
0.000

-33.72572
-53.45606
-51.81747
-178.7902
-51.22279
-65.6787
-34.94718
19.47325
-137.337
-33.63375
-88.39169
11.71407
-34.92647
-134.6224
-45.78851
-266.9732

Number of obs
F( 19,
279)
Prob > F
R-squared
Root MSE

-0.89
0.12
-2.05
-0.85
-1.37
3.01
-1.31
-0.29
-2.73
-2.61
-1.25
2.78
0.68
-1.84
-0.03
-0.41
-0.63
-1.31
-0.51

P>|t|
0.375
0.902
0.041
0.395
0.173
0.003
0.192
0.771
0.007
0.010
0.213
0.006
0.500
0.067
0.978
0.685
0.528
0.190
0.610

30.91906
7.162804
12.70066
-91.93214
-3.178937
22.68703
25.1908
74.04784
-66.3577
32.65109
-13.52833
71.26565
15.29353
-29.80343
17.51218
-203.9915

=
=
=
=
=

299
2.40
0.0011
0.1590
10.027

. reg brechaa credfor


> sporte omanufactura
Linear regression

[95% Conf. Interval]


-5.761918
-1.104977
-2.368262
-1.620184
-2.055277
.6393538
-2.756826
-1.04661
-2.45951
-2.746325
-1.399328
.5618785
-.7373785
-2.202802
-.8258588
-1.260724
-1.481096
-1.743964
-1.752308

2.178942
1.253058
-.0477482
.6412265
.3708471
3.0505
.556671
.7765953
-.3976239
-.3854176
.3128168
3.288455
1.508794
.0732294
.8032548
.829573
.7619119
.3477681
1.029848

brechaa

credfor
osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
ozona
oblanco
onegro
onhogar
onegruc
ocomercio
otransporte
omanufactura
oaosfun

.369
.048
-1.18
-.488
-.857
1.86
-1.07
-.100
-1.42
-1.53
-.57
1.92
.389
-1.04
-.004
-.205
-.355

-1.84
-0.03
-0.41
-0.63
-1.31
-0.51
66.95

0.067
0.978
0.685
0.528
0.190
0.610
0.000

-2.202802
-.8258588
-1.260724
-1.481096
-1.743964
-1.752308
39.60697

.0732294
.8032548
.829573
.7619119
.3477681
1.029848
42.00654

onhogar
onegruc
ocomercio
otransporte
omanufactura
oaosfun
oempleados
oambulante
_cons

1.92
.389
-1.04
-.004
-.205
-.355
-.678
-.39
40.5

jh aosesc horastrab casado soltero patrono zona blanco negro nhogar n


te, robust

obust
d. Err.

.40814
.31881
902961
046904
292538
.12336
.75608
.11769
.81487
.59054
.73896
125434
.75746

Number of obs
F( 19,
961)
Prob > F
R-squared
Root MSE

t
-0.47
0.24
1.16
-3.70
1.00
-0.29
0.08
-3.77
-0.94
-0.79
-0.25
3.76
-5.54

P>|t|
0.640
0.813
0.244
0.000
0.316
0.775
0.938
0.000
0.348
0.427
0.804
0.000
0.000

=
=
=
=
=

981
8.80
0.0000
0.3014
378.77

[95% Conf. Interval]


-115.2014
-43.6817
-.7100006
-17.26228
-4.119853
-63.22926
-112.6121
-321.7031
-71.97878
-167.0331
-140.9389
9.192788
-290.7804

70.86939
55.69138
2.784297
-5.303573
12.7278
47.15131
121.9228
-101.4484
25.41641
70.77698
109.2283
29.30946
-138.6623

.75608
.11769
.81487
.59054
.73896
125434
.75746
.32648
.06826
.96098
951188
.60158
8.5498
3.1516

0.08
-3.77
-0.94
-0.79
-0.25
3.76
-5.54
-0.38
-2.90
2.33
-2.41
-3.67
-1.05
0.42

0.938
0.000
0.348
0.427
0.804
0.000
0.000
0.703
0.004
0.020
0.016
0.000
0.295
0.675

-112.6121
-321.7031
-71.97878
-167.0331
-140.9389
9.192788
-290.7804
-73.42236
-306.6051
11.70048
-3.914411
-110.3961
-85.96433
-112.9033

121.9228
-101.4484
25.41641
70.77698
109.2283
29.30946
-138.6623
49.53004
-59.07031
137.1432
-.4011851
-33.46239
26.08994
174.2073

nco
nhogar
negruc
comercio
transporte
manufact
nco
onegro
onhogar
onegruc
ocomercio
otrans
.ohorastrab
reg brechaocasado
credinfosolter
osexo
regnegro
brechaa
credfor
osexo
oedadjh
oaosesc

> porte omanufactura


oaosfu
sporte omanufactura oaosfun oempleados oambulante,
robust

Linear regression
Number of obs =

inear regression

F( 19,
279)
Prob > F
R-squared
Root MSE

brechaa

Coef.

credfor
.3695136
osexo
.0484646
oedadjh
-1.186205
oaosesc
-.4889011
ohorastrab
-.8571279
nco ocasado
onegro onhogar
onegruc
1.860308
osoltero
-1.078907
opatrono
-.1009205
ozona
-1.420525
oblanco
-1.538594
onegro
-.576359
onhogar
1.926719
onegruc
.3895109
ocomercio
-1.046069
otransporte
-.0041505
manufactura
-.2058082
oaosfun
-.3557243
oempleados
-.6786743
oambulante
-.391752
_cons
40.57918

Robust
Std. Err.

brecha
P>|t|

=
=
=
=

Coef.
[95% Conf. I

credinf
-127.1414
1.969265
0.19
0.851
-3.506991
osexo
-28.54276
.5925011
0.08
0.935
-1.117876
oedadjh
28.5804
.5935937
-2.00
0.047
-2.354696
oaosesc
-118.6836
.5749001
-0.85 ohorastrab
0.396
-1.620594
-1.857223
.6207881
-1.38
0.168
-2.079151
. reg ocasado
brecha credinf
osexo
-26.09449
ocomercio
otrans
> porte
omanufactura
oaosfu
.6063797
3.07
0.002
.6666475
osoltero
-20.92953
.8412154
-1.28
0.201
-2.734842
opatrono
-133.7899
Linear regression
.4857046
-0.21
0.836
ozona -1.057032
-24.83862
.519699
-2.73
0.007
oblanco -2.443555
-21.85675 .5924461
-2.60
0.010
onegro -2.704826
-6.237753 .4260578
-1.35
0.177
onhogar -1.415055
46.80524
.6901512
2.79
0.006
.5681546
onegruc
-108.5295
.5750658
.5700722
0.68 ocomercio
0.495
-.7326779
-53.11364
.5754179
-1.82otransporte
0.070
-2.178781
brecha
Coef.
omanufactura
41.98385
.4167369
-0.01
0.992
-.8244984
credinf
-127.1414
oaosfun -1.249635
-10.24668
.5302644
-0.39
0.698
osexo
-28.54276
-82.06132
.5695453
-0.62 oempleados
0.533
-1.476876
oedadjh
28.5804
-12.49886
.5261837
-1.29 oambulante
0.198
-1.714469
oaosesc
-118.6836
_cons
-289.0789
-1.857223
.7028512
-0.56 ohorastrab
0.578
-1.775317
ocasado
-26.09449
.6153397
65.95
0.000
39.36789
osoltero
opatrono
ozona
oblanco
onegro
onhogar

-20.92953
-133.7899
-24.83862
-21.85675
-6.237753
46.80524

ocasado
-26.09449
osoltero
-20.92953
opatrono
-133.7899
ozona
-24.83862
oblanco
-21.85675
onegro
-6.237753
onhogar
46.80524
onegruc
-108.5295
ocomercio
.5750658
otransporte
-53.11364
omanufactura
41.98385
oaosfun
-10.24668
oempleados
-82.06132
oambulante
-12.49886
_consocasado
-289.0789
reg brechaa credfor osexo oedadjh oaosesc ohorastrab
osolter

sporte omanufactura oaosfun oempleados oambulante, robust

inear regression

Number of obs
F( 19,
279)
Prob > F
R-squared
Root MSE

brechaa

Coef.

credfor
osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
ozona
oblanco
onegro
onhogar
onegruc
ocomercio
otransporte
manufactura
oaosfun

.3695136
.0484646
-1.186205
-.4889011
-.8571279
1.860308
-1.078907
-.1009205
-1.420525
-1.538594
-.576359
1.926719
.3895109
-1.046069
-.0041505
-.2058082
-.3557243

Robust
Std. Err.
1.969265
.5925011
.5935937
.5749001
.6207881
.6063797
.8412154
.4857046
.519699
.5924461
.4260578
.6901512
.5700722
.5754179
.4167369
.5302644
.5695453

t
0.19
0.08
-2.00
-0.85
-1.38
3.07
-1.28
-0.21
-2.73
-2.60
-1.35
2.79
0.68
-1.82
-0.01
-0.39
-0.62

P>|t|
0.851
0.935
0.047
0.396
0.168
0.002
0.201
0.836
0.007
0.010
0.177
0.006
0.495
0.070
0.992
0.698
0.533

=
=
=
=
=

[95% Conf. I
-3.506991
-1.117876
-2.354696
-1.620594
-2.079151
.6666475
-2.734842
-1.057032
-2.443555
-2.704826
-1.415055
.5681546
-.7326779
-2.178781
-.8244984
-1.249635
-1.476876

onhogar
onegruc
ocomercio
otransporte
manufactura
oaosfun
oempleados
oambulante
_cons

1.926719
.3895109
-1.046069
-.0041505
-.2058082
-.3557243
-.6786743
-.391752
40.57918

.6901512
.5700722
.5754179
.4167369
.5302644
.5695453
.5261837
.7028512
.6153397

2.79
0.68
-1.82
-0.01
-0.39
-0.62
-1.29
-0.56
65.95

0.006
0.495
0.070
0.992
0.698
0.533
0.198
0.578
0.000

lanco negro nhogar negruc comercio transporte manufact

.5681546
-.7326779
-2.178781
-.8244984
-1.249635
-1.476876
-1.714469
-1.775317
39.36789

. reg
brecha
credfor
sexo
aosesc
horastrab
casado
sol
rechaocasado
credinf
osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatr
trab
osoltero
opatrono
ozonaedadjh
oblanco
onegro
onhogar
onegruc
o
aosfun oempleados
empleados ambulante,
omanufactura
oambulante,robust
robust
e,
robust > uraoaosfun

Linear regression
regression
Number
of obs =
299

F( 19,
279)
Prob > F
R-squared
Root MSE

=
=
=
=

Number of obs
F( 19,
662)
Prob > F
R-squared
Root MSE

2.37
0.0013
0.1565
10.042

=
=
=
=
=

Numbe
6
F( 6.
19
Prob
0.00
R-squ
0.23
Root
447.

Robust
Robust
brecha
Coef.
Std. Err.
t
P>|t|
[9
recha
Coef.
Std. Err.
t
P>|t|
[95% Conf. Interva
|t|
[95% Conf. Interval]
credfor
-77.48788
39.6573
-1.95
0.051
-15
edinf
-127.1414sexo63.08291
-2.02
0.044
-251.0081
-3.2747
25.23181
0.04
0.967
-48
851
-3.506991
4.2460181.03314
osexo
-28.54276
-2.10.8910424
0.036
-55.24957
edadjh13.60126
.9600397
1.08
0.282-1.8359
-.7
935
-1.117876
1.214805
dadjh
28.5804
0.074
-2.829181
aosesc15.99629
-10.926241.792.950204
-3.70
0.000 59.989
-16
047
-2.354696
-.0177141
osesc
-118.6836
-6.384.324231
0.000
-155.2236
horastrab18.60907
4.668436
1.08
0.281-82.143
-3.
396
-1.620594
.6427916
strab
-1.857223
-0.1127.45585
0.911
-34.54045
casado16.64494
-5.892817
-0.21
0.830 30.826
-59
168
-2.079151
.3648955
recha
osexo
oedadjh
oaosesc
ohorastrab
opatr
soltero
12.82329
60.02415
0.21 osoltero
0.831 5.5981
-10
asado credinf
-26.09449
16.14044
-1.62
0.106 ocasado
-57.78711
omanufactura
oaosfun
oempleados
oambulante,
robust
002
.6666475
3.053968
patrono16.32474
-208.2074
-3.66
0.000 11.124
-31
ltero
-20.92953
-1.2856.93201
0.200
-52.98404
201
.5770283
-28.15518
-1.15
0.252-90.211
-76
trono -2.734842
-133.7899zona
22.19345
-6.0324.54289
0.000
-177.3679
regression
Number of obs =
6
blanco
-48.72592
0.423-.12795
-16
836
.8551905
ozona -1.057032
-24.83862
12.58466
-1.9760.82976
0.049 F(-0.80
-49.54929
19,
662) =
6.
negro
-12.90978
-0.21
0.835
-13
007
-.3974964
lanco -2.443555
-21.85675
22.65078
-0.96 62.0326
0.335 Prob
-66.33278
22.619
> F
=
0.00
nhogar
19.31954
5.124214
3.77
0.000
9.
010
= 24.245
0.23
negro -2.704826
-6.237753 -.3723622
15.52477
-0.40
0.688 R-squared
-36.72148
negruc
-201.6139
37.85982
-5.33
-27
MSE 0.000= 74.565
447.
177
hogar -1.415055
46.80524 .2623372
14.13761
3.31
0.001 Root
19.04529
comercio
-3.519394
30.62312
-0.11
0.909
-63
006
.5681546
egruc
-108.5295 3.285284
17.90809
-6.06
0.000
-143.693
-73.365
transporte
-162.1209
60.30368
-2.69
0.007
-2
ercio -.7326779
.5750658
17.1995
0.03
0.973
-33.19707
34.34
495
1.5117
manufactura Robust
77.00825
31.44247
2.45
0.014
15
porte -2.178781
-53.11364
19.78914
-2.68
0.007
-91.97068
-14.25
070
.0866433
recha
Coef.
Std.
Err.
t
P>|t|
[95%
Conf.
Interva
aosfun
-2.291247
.9113306
-2.51
0.012
-4.
ctura -.8244984
41.98385 .8161974
15.31992
2.74
0.006
11.90237
72.065
992
empleados
-71.08331
19.92957
-3.57
0.000
-11
edinf
-127.1414
63.08291
-2.02
0.044
-251.0081
-3.2747
osfun
-10.24668
12.9133
-0.79
0.428
-35.60264
15.109
698
-1.249635
.8380188
ambulante
-35.20993
29.0139
-1.21
0.225
-92
osexo
-28.54276
13.60126
-2.10
0.036
-55.24957
-1.8359
eados
-82.06132
26.55176
-3.09
0.002
-134.1971
-29.925
533
-1.476876 _cons
.7654274
40.053741.7973.73762
0.54
0.587 59.989
-10
dadjh
28.5804
15.99629
0.074
-2.829181
lante
-12.49886
16.05829
-0.78
0.437
-44.03018
19.032
198
-1.714469
.35712
osesc
-118.6836
18.60907
-6.38
0.000
-155.2236
-82.143
_cons
-289.0789
16.68915
-17.32
0.000
-321.849
-256.30
strab
-1.857223
16.64494
-0.11
0.911
-34.54045
30.826
578
-1.775317
.9918128

asado
000

ltero
trono
ozona
lanco
negro
hogar

-26.09449
39.36789
-20.92953
-133.7899
-24.83862
-21.85675
-6.237753
46.80524

16.14044
41.79048
16.32474
22.19345
12.58466
22.65078
15.52477
14.13761

-1.62
-1.28
-6.03
-1.97
-0.96
-0.40
3.31

0.106
0.200
0.000
0.049
0.335
0.688
0.001

-57.78711
-52.98404
-177.3679
-49.54929
-66.33278
-36.72148
19.04529

5.5981
11.124
-90.211
-.12795
22.619
24.245
74.565

asado
-26.09449
16.14044
-1.62
0.106
-57.78711
5.5981
ltero
-20.92953
16.32474
-1.28
0.200
-52.98404
11.124
trono
-133.7899
22.19345
-6.03
0.000
-177.3679
-90.211
ozona
-24.83862
12.58466
-1.97
0.049
-49.54929
-.12795
lanco
-21.85675
22.65078
-0.96
0.335
-66.33278
22.619
negro
-6.237753
15.52477
-0.40
0.688
-36.72148
24.245
hogar
46.80524
14.13761
3.31
0.001
19.04529
74.565
egruc
-108.5295
17.90809
-6.06
0.000
-143.693
-73.365
ercio
.5750658
17.1995
0.03
0.973
-33.19707
34.34
porte
-53.11364
19.78914
-2.68
0.007
-91.97068
-14.25
ctura
41.98385
15.31992
2.74
0.006
11.90237
72.065
osfun
-10.24668
12.9133
-0.79
0.428
-35.60264
15.109
eados
-82.06132
26.55176
-3.09
0.002
-134.1971
-29.925
lante
-12.49886
16.05829
-0.78
0.437
-44.03018
19.032
_consocasado
-289.0789
-17.32
0.000onegro-321.849
-256.30o
trab
osoltero16.68915
opatrono ozona
oblanco
onhogar onegruc

e, robust

|t|

851
935
047
396
168
002
201
836
007
010
177
006
495
070
992
698
533

Number of obs
F( 19,
279)
Prob > F
R-squared
Root MSE

=
=
=
=
=

299
2.37
0.0013
0.1565
10.042

[95% Conf. Interval]


-3.506991
-1.117876
-2.354696
-1.620594
-2.079151
.6666475
-2.734842
-1.057032
-2.443555
-2.704826
-1.415055
.5681546
-.7326779
-2.178781
-.8244984
-1.249635
-1.476876

4.246018
1.214805
-.0177141
.6427916
.3648955
3.053968
.5770283
.8551905
-.3974964
-.3723622
.2623372
3.285284
1.5117
.0866433
.8161974
.8380188
.7654274

006
495
070
992
698
533
198
578
000

.5681546
3.285284
-.7326779
1.5117
-2.178781
.0866433
-.8244984
.8161974
-1.249635
.8380188
-1.476876
.7654274
-1.714469
.35712
-1.775317
.9918128
. reg brecha
credfor sexo edadjh aosesc horastrab casado sol
39.36789
41.79048
> ura aosfun
empleados ambulante, robust
Linear regression

Numbe
F( 19
Prob
R-squ
Root

brecha

Coef.

credfor
sexo
edadjh
aosesc
horastrab
casado
soltero
patrono
zona
blanco
negro
nhogar
negruc
comercio
transporte
manufactura
aosfun
empleados
ambulante
_cons

-77.48788
1.03314
.9600397
-10.92624
4.668436
-5.892817
12.82329
-208.2074
-28.15518
-48.72592
-12.90978
19.31954
-201.6139
-3.519394
-162.1209
77.00825
-2.291247
-71.08331
-35.20993
40.05374

Robust
Std. Err.
39.6573
25.23181
.8910424
2.950204
4.324231
27.45585
60.02415
56.93201
24.54289
60.82976
62.0326
5.124214
37.85982
30.62312
60.30368
31.44247
.9113306
19.92957
29.0139
73.73762

t
-1.95
0.04
1.08
-3.70
1.08
-0.21
0.21
-3.66
-1.15
-0.80
-0.21
3.77
-5.33
-0.11
-2.69
2.45
-2.51
-3.57
-1.21
0.54

P>|t|

[9

0.051
0.967
0.282
0.000
0.281
0.830
0.831
0.000
0.252
0.423
0.835
0.000
0.000
0.909
0.007
0.014
0.012
0.000
0.225
0.587

-15
-48
-.7
-16
-3.
-59
-10
-31
-76
-16
-13
9.
-27
-63
-2
15
-4.
-11
-92
-10

ambulante
_cons

-35.20993
40.05374

29.0139
73.73762

-1.21
0.54

0.225
0.587

-92
-10

horastrab
casado
soltero
patrono
zona onegro
blanco onhogar
negro .nhogar
negruc
come
sado
osoltero
opatrono
ozona
oblanco
onegruc
ocomercio
ro
onhogar
onegruc
ocomercio
otran
reg brechaa
cred
t
> sporte omanufact

mber of obs
19,
662)
ob > F
squared
ot MSE

=
=
=
=
=

Number
682 of obs
F( 6.04
19,
961)
Prob
> F
0.0000
R-squared
0.2398
Root MSE
447.08

=
=
=
=
=

981
8.87
0.0000
0.3053
377.72

t
P>|t|
[95% Conf. Interval]
[95% Conf. Interval]

-1.95
0.051
-155.3128
-251.0081
-3.274741
0.04
0.967
-48.48266
-55.24957
1.08
0.282-1.835945
-.7885736
-2.829181
-3.70
0.000 59.98998
-16.71583
-155.2236
1.08
0.281-82.14372
-3.817589
-34.54045
-0.21
0.830 30.82601
-59.77315
sado
opatrono
ozona
0.21 osoltero
0.831 5.598135
-104.9702
-57.78711
t
-3.66
0.000 11.12498
-319.9328
-52.98404
-1.15
0.252-90.21185
-76.31902
-177.3679
mber of obs =
682
-0.80
0.423-.1279573
-168.1004
-49.54929
19,
662) =
6.04
-0.21
0.835
-134.6448
-66.33278
22.61928
ob > F
=
0.0000
3.77
0.000
9.263602
squared
= 24.24598
0.2398
-36.72148
-5.33
-275.9113
ot
MSE 0.000= 74.56519
447.08
19.04529
-0.11
0.909
-63.61529
-143.693
-73.36595
-2.69
0.007
-280.463
-33.19707
34.3472
2.45
0.014
15.30443
-91.97068
-14.2566
[95%
Conf.
Interval]
-2.51
0.012
-4.079674
11.90237
72.06533
-3.57
0.000
-110.1938
-251.0081
-3.274741
-35.60264
15.10928
-1.21
0.225
-92.14784
-55.24957
-1.835945
-134.1971
-29.92551
0.54
0.587 59.98998
-104.6516
-2.829181
-44.03018
19.03246

-155.2236
-321.849
-34.54045
-57.78711
-52.98404
-177.3679
-49.54929
-66.33278
-36.72148
19.04529

-82.14372
-256.3089
30.82601
5.598135
11.12498
-90.21185
-.1279573
22.61928
24.24598
74.56519

Linear regression

brechaa

.3370232
50.54894
credito
-.
2.708653
osexo
.
-5.136657
oedadjh
13.15446
oaosesc
-.
47.98752
ohorastrab
-.
oblanco
ocomercio
130.6168onegro onhogar onegruc
ocasado
1
-96.48202
osoltero
-1
20.00866
70.64858
opatrono
-.
108.8252
ozona
-1
29.37548
oblanco
-1
-127.3164
onegro
-.
56.5765
onhogar
1
-43.77882
onegruc
.
138.7121
ocomercio
-1
-.5028193
otransporte
-.
-31.97282
omanufactura
-.
21.72797
oaosfun
-.
184.7591

oempleados
oambulante
_cons

-.
-.
4

-57.78711
5.598135
-52.98404
11.12498
-177.3679
-90.21185
-49.54929
-.1279573
-66.33278
22.61928
-36.72148
24.24598
19.04529
74.56519
-143.693
-73.36595
-33.19707
34.3472
-91.97068
-14.2566
11.90237
72.06533
-35.60264
15.10928
-134.1971
-29.92551
-44.03018
19.03246
-256.3089
ro-321.849
onhogar onegruc
ocomercio otran

. reg brechaa cred


> sporte omanufact
Linear regression

brechaa
credito
osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
ozona
oblanco
onegro
onhogar
onegruc
ocomercio
otransporte
omanufactura
oaosfun

-.
.
-.
-.
1
-1
-.
-1
-1
-.
1
.
-1
-.
-.
-.

onhogar
1
onegruc
.
ocomercio
-1
otransporte
-.
omanufactura
-.
oaosfun
-.
oempleados
-.
oambulante
-.
horastrab casado soltero patrono zona blanco negro nhogar
negruc come
_cons
4
Number of obs
F( 19,
961)
Prob > F
R-squared
Root MSE

-1.95
0.04
1.08
-3.70
1.08
-0.21
0.21
-3.66
-1.15
-0.80
-0.21
3.77
-5.33
-0.11
-2.69
2.45
-2.51
-3.57
-1.21
0.54

P>|t|
0.051
0.967
0.282
0.000
0.281
0.830
0.831
0.000
0.252
0.423
0.835
0.000
0.000
0.909
0.007
0.014
0.012
0.000
0.225
0.587

=
=
=
=
=

981
8.87
0.0000
0.3053
377.72

[95% Conf. Interval]


-155.3128
-48.48266
-.7885736
-16.71583
-3.817589
-59.77315
-104.9702
-319.9328
-76.31902
-168.1004
-134.6448
9.263602
-275.9113
-63.61529
-280.463
15.30443
-4.079674
-110.1938
-92.14784
-104.6516

.3370232
50.54894
2.708653
-5.136657
13.15446
47.98752
130.6168
-96.48202
20.00866
70.64858
108.8252
29.37548
-127.3164
56.5765
-43.77882
138.7121
-.5028193
-31.97282
21.72797
184.7591

-1.21
0.54

0.225
0.587

-92.14784
-104.6516

21.72797
184.7591

o
negruc
comercio
transporte
manufact
. reg
brecha
credi
ar.nhogar
onegruc
ocomercio
otrans
. reg
brecha
credforohorastrab
osexo
oedadjh
oaosesc
reg brechaa
credito
osexo
oedadjh
oaosesc
ocasado
osolt
> ura
aosfun emple
> porte
omanufactura
oaosfun
oempleados
oam
> sporte omanufactura oaosfun
oempleados
oambulante,
robust

Linear regression

Linear regression

Linear regression

Number of obs
F( 19,
279)
Prob > F
R-squared
Root MSE

Robust
brecha
Coef.
Std. Err.
brechaa
Coef.
t
P>|t|
[95% Conf.
credito
-6
credfor
-174.5063
47.32129
-3.
sexo
3
credito
-.8249621
1.470443
-0.56
0.575
-3.719533
osexo
-29.69161
13.30629
-2.
edadjh
.
osexo
.0418186
.591018
0.07
0.944
-1.121602
oedadjh
24.8855
15.77196
1.
aosesc
-1
oedadjh
-1.18054
.5898935
-2.00
0.046
-2.341747
oaosesc
-113.7585
17.9458
-6.
horastrab
5
oaosesc
-.4887511 ohorastrab
.5752542
-0.85
0.396
-1.621141
-.7803488
16.44624
-0.
casado
-9
ohorastrab
-.8610031
.6198636
-1.39
0.166
-2.081206
ar onegruc ocomercio otrans
. reg ocasado
brecha credfor
osexo oedadjh
oaosesc
soltero
1
-19.10058
15.66355
-1.
omanufactura
oaosfun
oempleados
oam
ocasado
1.864305> porte
.6099694
3.06
0.002
.6635783
patrono
-2
osoltero
-17.67648
16.35054
-1.
osoltero
-1.073405
.8423198
-1.27
0.20422.22155
-2.731515
zona
-2
opatrono
-137.5178
-6.
Linear regression
opatrono
-.0920628
.461542
-0.20
0.84212.31359
-1.00061
blanco
-5
ozona
-30.44312
-2.
negro
-1
ozona
-1.418436
.5222612
-2.72
0.00722.33386
-2.446509
oblanco
-21.00047
-0.
nhogar
1
oblanco
-1.531506
.5969188
-2.57
0.01114.74755
-2.706543
onegro
-3.01214
-0.
negruc
onegro
-.5849613
.4248376
-1.38
0.17013.84426
-1.421255-2
onhogar
46.6992
3.
comercio
.
onhogar
1.927123
.6955094
2.77
0.00617.81299
.5580105
onegruc
-92.67593
-5.
transporte
-1
ocomercio
-1.954995
-0.
onegruc
.3904992
.5801586
0.67
0.50116.93063
-.7515448
Robust
manufactura
8
-48.00407
18.87135
-2.
ocomercio
-1.041205 otransporte
.5755498
-1.81
0.072Std.
-2.174176
brecha
Coef.
Err.
aosfun
-2
40.81184
15.31066
2.
otransporte
-.0022922omanufactura
.4151753
-0.01
0.996empleados
-.8195661-7
credfor
-174.5063
47.32129
-3.
oaosfun
-9.225983
12.77552
-0.
omanufactura
-.2032701
.5301338
-0.38
0.702ambulante
-1.24684
-3
osexo
-29.69161
13.30629
-2.
oempleados
-82.42104
26.98568
-3.
oaosfun
-.3547193
.5698668
-0.62
0.53415.77196
-1.4765041.
_cons
3
oedadjh
24.8855
-16.38817
-0.
oempleados
-.6736268 oambulante
.5323355
-1.27
0.20716.56295
-1.721531
oaosesc
-113.7585
17.9458
-6.
_cons
-262.1465
17.17778
-15.
-.7803488
-0.
oambulante
-.3996836 ohorastrab
.6973652
-0.57
0.56716.44624
-1.772449

Robust
brecha
Std. Err.

_cons

40.78333

ocasado
.6458671
osoltero
opatrono
ozona
oblanco
onegro
onhogar
onegruc

-19.10058
-1.
63.15
0.00015.66355
39.51194
-17.67648
-137.5178
-30.44312
-21.00047
-3.01214
46.6992
-92.67593

16.35054
22.22155
12.31359
22.33386
14.74755
13.84426
17.81299

-1.
-6.
-2.
-0.
-0.
3.
-5.

ocasado
osoltero
opatrono
ozona
oblanco
onegro
onhogar
onegruc
ocomercio
otransporte
omanufactura
oaosfun
oempleados
oambulante
_cons

-19.10058
-17.67648
-137.5178
-30.44312
-21.00047
-3.01214
46.6992
-92.67593
-1.954995
-48.00407
40.81184
-9.225983
-82.42104
-16.38817
-262.1465

15.66355
16.35054
22.22155
12.31359
22.33386
14.74755
13.84426
17.81299
16.93063
18.87135
15.31066
12.77552
26.98568
16.56295
17.17778

-1.
-1.
-6.
-2.
-0.
-0.
3.
-5.
-0.
-2.
2.
-0.
-3.
-0.
-15.

. reg brechaa credito osexo oedadjh oaosesc ohorastrab ocasado osolt


> sporte omanufactura oaosfun oempleados oambulante, robust
Linear regression

Number of obs
F( 19,
279)
Prob > F
R-squared
Root MSE

brechaa

Coef.

credito
osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
ozona
oblanco
onegro
onhogar
onegruc
ocomercio
otransporte
omanufactura
oaosfun

-.8249621
.0418186
-1.18054
-.4887511
-.8610031
1.864305
-1.073405
-.0920628
-1.418436
-1.531506
-.5849613
1.927123
.3904992
-1.041205
-.0022922
-.2032701
-.3547193

Robust
Std. Err.
1.470443
.591018
.5898935
.5752542
.6198636
.6099694
.8423198
.461542
.5222612
.5969188
.4248376
.6955094
.5801586
.5755498
.4151753
.5301338
.5698668

t
-0.56
0.07
-2.00
-0.85
-1.39
3.06
-1.27
-0.20
-2.72
-2.57
-1.38
2.77
0.67
-1.81
-0.01
-0.38
-0.62

P>|t|
0.575
0.944
0.046
0.396
0.166
0.002
0.204
0.842
0.007
0.011
0.170
0.006
0.501
0.072
0.996
0.702
0.534

[95% Conf.
-3.719533
-1.121602
-2.341747
-1.621141
-2.081206
.6635783
-2.731515
-1.00061
-2.446509
-2.706543
-1.421255
.5580105
-.7515448
-2.174176
-.8195661
-1.24684
-1.476504

onhogar
1.927123
.6955094
2.77
onegruc
.3904992
.5801586
0.67
ocomercio
-1.041205
.5755498
-1.81
otransporte
-.0022922
.4151753
-0.01
omanufactura
-.2032701
.5301338
-0.38
oaosfun
-.3547193
.5698668
-0.62
oempleados
-.6736268
.5323355
-1.27
oambulante
-.3996836
.6973652
-0.57
o nhogar
negruc comercio
transporte
manufact
_cons
40.78333
.6458671
63.15

0.006
.5580105
0.501
-.7515448
0.072
-2.174176
0.996
-.8195661
0.702
-1.24684
0.534
-1.476504
0.207
-1.721531
0.567
-1.772449
. reg brecha
credi
0.000
39.51194

> ura aosfun emple


Linear regression

brecha
credito
sexo
edadjh
aosesc
horastrab
casado
soltero
patrono
zona
blanco
negro
nhogar
negruc
comercio
transporte
manufactura
aosfun
empleados
ambulante
_cons

-6
3
.
-1
5
-9
1
-2
-2
-5
-1
1
-2
.
-1
8
-2
-7
-3
3

empleados
ambulante
_cons

-7
-3
3

. reg
brecha
credito
sexo
edadjh
aosesc
horastrab
casado
soltero
pat
xo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
ozona
oblanco
astrab
ocasado
osoltero
opatrono
ozona
oblanco
onegro
onhogar
onegruc
> ura
aosfun empleados
ambulante,
sfun
oempleados
oambulante,
robust robust
nte,
robust
Linear regression

Number of obs
F( 19,
279)
Prob > F
R-squared
Root MSE

=
=
=
=
=

299
2.35
0.0014
0.1573
10.037

Number of obs
F( 19,
662)
Prob > F
R-squared
Root MSE

=
=
=
=
=

682
6.15
0.0000
0.2547
442.67

Number of obs
F( 19,
961)
Prob > F
R-squared
Root MSE

Robust
Robust
brecha
Coef.
Std. Err.
t
P>|t|
[95% Conf.
.
Std. Err.
t
P>|t|
[95% Conf. Interval]
P>|t|
[95% Conf. Interval]
credito
-69.61623
32.33195
-2.15
0.032
-133.0656
3
47.32129
-3.69
0.000
-267.4242
-81.58841
sexo
3.210077
0.13
0.899
-46.2122
0.575
-3.719533
2.06960925.18415
1
13.30629
-2.23
0.026
-55.81923
-3.563983
edadjh
.9847521
.889797
1.11
0.269
-.7614171
0.944
-1.121602
1.205239
5
15.77196
1.58
0.1152.973092
-6.083587
aosesc
-10.84126
-3.65 55.85459
0.000
-16.67576
0.046
-2.341747
-.0193332
5
17.9458
-6.34
0.0004.305194
-148.9961.23
-78.52093
horastrab
5.314469
0.217
-3.134198
0.396
-1.621141
.6436386
8
16.44624
-0.05
0.96227.48789
-33.07342
casado
-9.116541
-0.33 31.51273
0.740
-63.05976
0.166
-2.081206
.3592002
xo
oaosesc
ohorastrab
ocasado
osoltero
opatrono
ozona
oblanco
soltero
10.58604
0.18 11.65565
0.860
-107.2495
8 oedadjh
15.66355
-1.22
0.22360.04556
-49.85681
sfun oempleados
oambulante,
robust
0.002
.6635783
3.065032
patrono
-201.8172
-3.59 14.42869
0.000
-312.0742
8
16.35054
-1.08
0.28056.18376
-49.78166
0.204
-2.731515
.5847037
zona
-25.20154
-1.01
0.311
-74.01013
8
22.22155
-6.19
0.00024.87143
-181.151
-93.88459
Number of obs =
682
0.842
-1.00061
.8164841
blanco
-52.86396
-0.87
0.384
-172.0486
2
12.31359
-2.47
0.01460.73299
F( -54.62152
19,
662) -6.264722
=
6.15
negro
-10.92965
-0.17
0.864
-136.0861
0.007
-2.446509
-.3903629
7
22.33386
-0.94
0.34763.77608
-64.85422
Prob
> F
= 22.85328
0.0000
nhogar
19.50237
0.000
9.472711
R-squared
= 25.94547
0.2547
0.011
-2.706543
-.3564694
4
14.74755
-0.20
0.8385.110823
-31.969753.82
negruc
-5.39
0.000
-285.1238
Root
MSE
= 73.88315
442.67
0.170
-1.421255-209.0712
2
13.84426
3.37 .2513329
0.00138.75422
19.51525
comercio
.0184597
31.98908
0.00
1.000
-62.75806
0.006
.5580105
3
17.81299
-5.20 3.296235
0.000
-127.6527
-57.69916
transporte
-161.8871
63.24279
-2.56
0.011
-285.997
5
16.93063
-0.12 1.532543
0.908
-35.1992
31.28921
0.501
-.7515448
Robust
manufactura
81.11186
32.00701
2.53
0.011
18.30017
7
18.87135
-2.54
0.011
-85.05899
-10.94916
0.072
-2.174176
.
Std.
Err.
t .0917669
P>|t|
[95% Conf. Interval]
aosfun
-2.414992
.9041238
-2.67
0.008
-4.189277
4
15.31066
2.67 .8149818
0.008
10.74854
70.87514
0.996
-.8195661
empleados
-70.49069
19.90027
-3.54
0.000
-109.5437
3
47.32129
-3.69
0.000
-267.4242
-81.58841
3
12.77552
-0.72
0.470
-34.3114
15.85944
0.702ambulante
-1.24684-32.71763
.840299929.25358
-1.12
0.264
-90.1259
1
13.30629
-2.23
0.026
-55.81923
-3.563983
4
26.98568
-3.05
0.002
-135.4089
-29.4332
0.534
-1.4765041.58
.7670653
_cons
35.34007
0.631
-109.1337
5
15.77196
0.11573.61963
-6.0835870.48 55.85459
7
16.56295
-0.99
0.323
-48.91041
16.13408
0.207
-1.721531
5
17.9458
-6.34 .3742773
0.000
-148.996
-78.52093
5
17.17778
-15.26
0.000
-295.876
-228.417
8
16.44624
-0.05 .973082
0.962
-33.07342
31.51273
0.567
-1.772449

8
15.66355
-1.22 42.05472
0.223
0.000
39.51194

8
8
2
7
4
2
3

16.35054
22.22155
12.31359
22.33386
14.74755
13.84426
17.81299

-1.08
-6.19
-2.47
-0.94
-0.20
3.37
-5.20

0.280
0.000
0.014
0.347
0.838
0.001
0.000

-49.85681
-49.78166
-181.151
-54.62152
-64.85422
-31.96975
19.51525
-127.6527

11.65565
14.42869
-93.88459
-6.264722
22.85328
25.94547
73.88315
-57.69916

8
8
8
2
7
4
2
3
5
7
4
3
4
7
5

15.66355
16.35054
22.22155
12.31359
22.33386
14.74755
13.84426
17.81299
16.93063
18.87135
15.31066
12.77552
26.98568
16.56295
17.17778

-1.22
-1.08
-6.19
-2.47
-0.94
-0.20
3.37
-5.20
-0.12
-2.54
2.67
-0.72
-3.05
-0.99
-15.26

0.223
0.280
0.000
0.014
0.347
0.838
0.001
0.000
0.908
0.011
0.008
0.470
0.002
0.323
0.000

-49.85681
-49.78166
-181.151
-54.62152
-64.85422
-31.96975
19.51525
-127.6527
-35.1992
-85.05899
10.74854
-34.3114
-135.4089
-48.91041
-295.876

11.65565
14.42869
-93.88459
-6.264722
22.85328
25.94547
73.88315
-57.69916
31.28921
-10.94916
70.87514
15.85944
-29.4332
16.13408
-228.417

astrab ocasado osoltero opatrono ozona oblanco onegro onhogar onegruc


nte, robust

P>|t|

0.575
0.944
0.046
0.396
0.166
0.002
0.204
0.842
0.007
0.011
0.170
0.006
0.501
0.072
0.996
0.702
0.534

Number of obs
F( 19,
279)
Prob > F
R-squared
Root MSE

=
=
=
=
=

299
2.35
0.0014
0.1573
10.037

[95% Conf. Interval]


-3.719533
-1.121602
-2.341747
-1.621141
-2.081206
.6635783
-2.731515
-1.00061
-2.446509
-2.706543
-1.421255
.5580105
-.7515448
-2.174176
-.8195661
-1.24684
-1.476504

2.069609
1.205239
-.0193332
.6436386
.3592002
3.065032
.5847037
.8164841
-.3903629
-.3564694
.2513329
3.296235
1.532543
.0917669
.8149818
.8402999
.7670653

0.006
.5580105
0.501
-.7515448
0.072
-2.174176
0.996
-.8195661
0.702
-1.24684
0.534
-1.476504
0.207
-1.721531
0.567
-1.772449
. reg brecha
credito
0.000
39.51194

3.296235
1.532543
.0917669
.8149818
.8402999
.7670653
.3742773
.973082
sexo edadjh aosesc horastrab casado soltero pat
42.05472

> ura aosfun empleados ambulante, robust


Linear regression

Number of obs
F( 19,
961)
Prob > F
R-squared
Root MSE

brecha

Coef.

credito
sexo
edadjh
aosesc
horastrab
casado
soltero
patrono
zona
blanco
negro
nhogar
negruc
comercio
transporte
manufactura
aosfun
empleados
ambulante
_cons

-69.61623
3.210077
.9847521
-10.84126
5.314469
-9.116541
10.58604
-201.8172
-25.20154
-52.86396
-10.92965
19.50237
-209.0712
.0184597
-161.8871
81.11186
-2.414992
-70.49069
-32.71763
35.34007

Robust
Std. Err.
32.33195
25.18415
.889797
2.973092
4.305194
27.48789
60.04556
56.18376
24.87143
60.73299
63.77608
5.110823
38.75422
31.98908
63.24279
32.00701
.9041238
19.90027
29.25358
73.61963

t
-2.15
0.13
1.11
-3.65
1.23
-0.33
0.18
-3.59
-1.01
-0.87
-0.17
3.82
-5.39
0.00
-2.56
2.53
-2.67
-3.54
-1.12
0.48

P>|t|
0.032
0.899
0.269
0.000
0.217
0.740
0.860
0.000
0.311
0.384
0.864
0.000
0.000
1.000
0.011
0.011
0.008
0.000
0.264
0.631

[95% Conf.
-133.0656
-46.2122
-.7614171
-16.67576
-3.134198
-63.05976
-107.2495
-312.0742
-74.01013
-172.0486
-136.0861
9.472711
-285.1238
-62.75806
-285.997
18.30017
-4.189277
-109.5437
-90.1259
-109.1337

empleados
ambulante
_cons

-70.49069
-32.71763
35.34007

19.90027
29.25358
73.61963

-3.54
-1.12
0.48

0.000
0.264
0.631

-109.5437
-90.1259
-109.1337

b
casado
soltero
patrono
zona
blanco
negro nhogar
negruc
comercio tra
atrono
ozona
oblanco
onegro
onhogar
ocomercio
otrans
gro
onhogar
onegruc
ocomercio
otran onegruc

682
6.15
.0000
.2547
42.67

P>|t|
rval]

0.032
58841
0.899
63983
0.269
85459
0.000

Number of obs
F( 19,
961)
Prob > F
R-squared
Root MSE

65565
42869
88459
64722
85328
94547
88315
69916

981
8.80
0.0000
0.3056
377.63

[95% Conf. Interval]

-133.0656
-46.2122
-.7614171
-16.67576
52093
0.217
-3.134198
51273
0.740
-63.05976
atrono
oblanco
0.860
-107.2495
65565 ozona
0.000
-312.0742
42869
0.311
-74.01013
88459
682
0.384
-172.0486
64722
6.15
0.864
-136.0861
85328
.0000
0.000
9.472711
.2547
94547
0.000
-285.1238
42.67
88315
1.000
-62.75806
69916
0.011
-285.997
28921
0.011
18.30017
94916
rval]
0.008
-4.189277
87514
0.000
-109.5437
58841
85944
0.264
-90.1259
63983
.4332
0.631
-109.1337
85459
13408
52093

8.417
51273

=
=
=
=
=

-6.166849
52.63236
2.730921
-5.006756
13.76314
44.82668
onegro
onhogar onegruc ocomercio otrans
128.4216
-91.56017
23.60704
66.32063
114.2268
29.53203
-133.0185
62.79498
-37.7772
143.9235
-.6407072
-31.43769
24.69064
179.8138

65565
42869
88459
64722
85328
94547
88315
69916
28921
94916
87514
85944
.4332
13408
8.417

gro onhogar onegruc ocomercio otran

b casado soltero patrono zona blanco negro nhogar negruc comercio tra

P>|t|

0.032
0.899
0.269
0.000
0.217
0.740
0.860
0.000
0.311
0.384
0.864
0.000
0.000
1.000
0.011
0.011
0.008
0.000
0.264
0.631

Number of obs
F( 19,
961)
Prob > F
R-squared
Root MSE

=
=
=
=
=

981
8.80
0.0000
0.3056
377.63

[95% Conf. Interval]


-133.0656
-46.2122
-.7614171
-16.67576
-3.134198
-63.05976
-107.2495
-312.0742
-74.01013
-172.0486
-136.0861
9.472711
-285.1238
-62.75806
-285.997
18.30017
-4.189277
-109.5437
-90.1259
-109.1337

-6.166849
52.63236
2.730921
-5.006756
13.76314
44.82668
128.4216
-91.56017
23.60704
66.32063
114.2268
29.53203
-133.0185
62.79498
-37.7772
143.9235
-.6407072
-31.43769
24.69064
179.8138

0.000
0.264
0.631

-109.5437
-90.1259
-109.1337

-31.43769
24.69064
179.8138

negruc
comercio transporte manufact
cio
otrans

cio otrans

negruc comercio transporte manufact

Algorithm to estimate the propensity score


****************************************************

The treatment is credito


credito
0
1

Freq.
660
301

Total

Percent

68.68
31.32

961

Cum.

68.68
100.00

100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:

log
log
log
log

likelihood
likelihood
likelihood
likelihood

=
=
=
=

-597.40493
-530.24308
-529.13024
-529.12867

Probit regression

Number of obs =
LR chi2(17)
=
Prob > chi2
=
Pseudo R2
=

Log likelihood = -529.12867

credito

Coef.

oaosesc .2320771
oedadjh -.1034261
ohorastrab .2373974
ocasado -.0138534
osoltero .0492855
ozona
.012998
onegruc .1529365
osexo -.0237078
ovivpropia -.0242317
otlf .0732297
ocomercio .1543751
otransalmcom
.189655
omanufactura .1092433
oaosfun
-.13182
oempleados .1843556
ocpropia -.0912202
oempleadop -.0576063

Std. Err.
0.0445688
0.0453434
0.0452149
0.044711
0.0438678
0.0453011
0.0428586
0.044987
0.0448633
0.0445274
0.0444451
0.0428786
0.0468586
0.0470826
0.0424336
0.0447839
0.0435133

P>z
5.21 0.000
-2.28 0.023
5.25 0.000
-0.31 0.757
1.12 0.261
0.29 0.774
3.57 0.000
-0.53 0.598
-0.54 0.589
1.64 0.100
3.47 0.001
4.42 0.000
2.33 0.020
-2.8 0.005
4.34 0.000
-2.04 0.042
-1.32 0.186

[95% Conf.
.1447239
-.1922975
.1487778
-.1014853
-.0366938
-.0757905
.0689352
-.1118808
-.1121621
-.0140424
.0672642
.1056145
.017402
-.2241001
.1011872
-.1789951
-.1428909

_cons -.5522178

0.0455015

-12.14 0.000

Note: the common support option has been selected


The region of common support is [.06469327, .85136728]

Description of the estimated propensity score


in region of common support
Estimated propensity score
Percentiles
Smallest
1%
.0718639
.0646933
5%
.0922324
.0658056
10%
.1224612
.0666589
25%
.1925833
.0666986
50%
.3016475
Largest
Std. Dev.
75%
.4211751
90%
.5607946
95%
.6458302
99%
.7664202

Obs
Sum of Wgt.

926
926

Mean
.3220295
.16614
.8298256
.8335998
Variance
.0276025
.8359353
Skewness
.6693432
.8513673
Kurtosis
2.9505

******************************************************
Step 1: Identification of the optimal number of blocks
Use option detail if you want more detailed output
******************************************************

The final number of blocks is 7


This number of blocks ensures that the mean propensity score
is not different for treated and controls in each block

**********************************************************
Step 2: Test of balancing property of the propensity score
Use option detail if you want more detailed output
**********************************************************
Variable oempleados is not balanced in block 1

-.641399

Variable otlf is not balanced in block 6


The balancing property is not satisfied
Try a different specification of the propensity score

*******************************************
End of the algorithm to estimate the pscore
*******************************************
. attnd brecha credito, pscore(pnt) comsup

CREDITO SIN ATIPICOS 958


The treatment is credito
credito |
Freq.
Percent
Cum.
------------+----------------------------------0|
660
68.89
68.89
1|
298
31.11
100.00
------------+----------------------------------Total |
958
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:

log
log
log
log

likelihood
likelihood
likelihood
likelihood

=
=
=
=

Probit regression

Log likelihood = -526.27297

credito
oaosesc
oedadjh

-593.91202
-527.4071
-526.27465
-526.27297
Number of obs =
958
LR chi2(17)
=
135.28
Prob > chi2
=
0.0000
Pseudo R2
=
0.1139

Coef.
0.2214208
-0.1089395

Std. Err.
0.0446987
0.0455705

z
4.95
-2.39

ohorastrab
ocasado
osoltero
ozona
onegruc
osexo
oviviendap~a
otlf
ocomercio
otransalmcom
omanufactura
oaosfun
oempleados
ocpropia
oempleadop
_cons

0.2357289
-0.0177088
0.0496708
0.0135015
0.1589538
-0.0242845
0.0543742
0.0695104
0.1553102
0.1892952
0.1182404
-0.1337173
0.1732501
-0.100161
-0.057749
-0.5600656

0.0453231
0.0448419
0.043903
0.045396
0.042983
0.045086
0.0447359
0.0446455
0.0445569
0.0430067
0.0470816
0.0472657
0.0424687
0.0449989
0.0435784
0.0456861

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------298

192

-52.387

30.115

-1.740

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches

ATT estimation with the Kernel Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------298

625

-58.657

22.218

-2.640

---------------------------------------------------------

ATT estimation with the Radius Matching method


Bootstrapped standard errors

5.2
-0.39
1.13
0.3
3.7
-0.54
1.22
1.56
3.49
4.4
2.51
-2.83
4.08
-2.23
-1.33
-12.26

--------------------------------------------------------n. treat. n. contr.


ATT Std. Err.
--------------------------------------------------------219

373

-56.589

28.389

-1.993

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius

961
136.55
0
0.1143

Interval]
0.3194304
-0.0145546
0.326017
0.0737786
0.1352648
0.1017866
0.2369378
0.0644652
0.0636988
0.1605019
0.2414859
0.2736955
0.2010845
-0.0395398
0.2675241
-0.0034454
0.0276782

TT estimation with Nearest Neighbor Matching m


(random draw version)
Analytical standard errors

n. treat. n. contr.

301

199

ATT Std. Err.

-59.631

37.226

-1.602

Note: the numbers of treated and controls refer


nearest neighbour matches
attk brecha credito, pscore(pnt) comsup

The program is searching for matches of each tr


This operation may take a while.

ATT estimation with the Kernel Matching method

-0.4630365
n. treat. n. contr.

301

625

ATT Std. Err.

-94.579

Note: Analytical standard errors cannot be comp


the bootstrap option to get bootstrapped standa

. attr brecha credito, pscore(pnt) radius(0.001) c

The program is searching fo


This operation may take a while.

ATT estimation with the Radius Matching method


Analytical standard errors

n. treat. n. contr.

224

382

ATT Std. Err.

-76.523

28.900

-2.648

Note: the numbers of treated and controls refer


matches within radius

P>z

[95% Conf.
0
0.133813
0.017 -0.1982561

Interval]
0.3090285
-0.019623

0
0.693
0.258
0.766
0
0.59
0.224
0.119
0
0
0.012
0.005
0
0.026
0.185
0

0.1468973 0.3245604
-0.1055973 0.0701798
-0.0363775 0.1357191
-0.0754731 0.1024761
0.0747088 0.2431988
-0.1126515 0.0640825
-0.0333066 0.1420549
-0.0179932 0.1570141
0.0679802 0.2426401
0.1050035 0.2735868
0.0259622 0.2105187
-0.2263563 -0.0410783
0.0900129 0.2564873
-0.1883572 -0.0119648
-0.1431611 0.0276631
-0.6496087 -0.4705224

h Nearest Neighbor Matching method

ATT Std. Err.

59.631

37.226

-1.602

s of treated and controls refer to actual


r matches

o, pscore(pnt) comsup

earching for matches of each treated unit.


ay take a while.

th the Kernel Matching method

ATT Std. Err.

94.579

tandard errors cannot be computed. Use


ion to get bootstrapped standard errors.

to, pscore(pnt) radius(0.001) comsup

radius.
ay take a while.

th the Radius Matching method

ATT Std. Err.

76.523

28.900

-2.648

s of treated and controls refer to actual

FORMAL SIN ATIPICOS


The treatment is credf
credf |
Freq.
Percent
Cum.
------------+----------------------------------0|
660
77.74
77.74
1|
189
22.26
100.00
------------+----------------------------------Total |
849
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:

log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=

Probit regression

Log likelihood = -382.15163

credf
oaosesc
oedadjh

Coef.
0.2586411
-0.1169748

-450.13777
-384.05449
-382.16256
-382.15163
-382.15163
Number of obs =
849
LR chi2(17)
=
135.97
Prob > chi2
=
0.0000
Pseudo R2
=
0.1510

Std. Err.
0.0516237
0.0538668

P>z
5.01
-2.17

[95% Conf.
0 0.1574605
0.03 -0.2225517

ohorastrab
ocasado
osoltero
ozona
onegruc
osexo
oviviendap~a
otlf
ocomercio
otransalmco
omanufactura
oaosfun
oempleados
ocpropia
oempleadop
_cons

0.2287639
0.0438844
0.0840022
-0.0155198
0.2695121
-0.0759237
0.099004
0.0684252
0.1436538
0.2364237
0.1345643
-0.1441508
0.1356634
-0.073845
-0.0451143
-0.8976669

0.0523382
0.0523179
0.049052
0.0522106
0.0481154
0.0525293
0.052466
0.0518938
0.0519467
0.0479994
0.0564366
0.0571196
0.0464985
0.0526282
0.0504025
0.0554008

4.37
0.84
1.71
-0.3
5.6
-1.45
1.89
1.32
2.77
4.93
2.38
-2.52
2.92
-1.4
-0.9
-16.2

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors

n. treat. n. contr.

189

130

ATT Std. Err.

-102.743

37.846

-2.715

Note: the numbers of treated and controls refer to actual


nearest neighbour matches

ATT estimation with the Kernel Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------189

614

-82.373

28.528

-2.887

---------------------------------------------------------

ATT estimation with the Radius Matching method


Bootstrapped standard errors

0
0.402
0.087
0.766
0
0.148
0.059
0.187
0.006
0
0.017
0.012
0.004
0.161
0.371
0

0.1261829
-0.0586568
-0.0121378
-0.1178507
0.1752076
-0.1788792
-0.0038274
-0.0332848
0.0418402
0.1423465
0.0239507
-0.2561031
0.0445281
-0.1769944
-0.1439014
-1.006251

--------------------------------------------------------n. treat. n. contr.


ATT Std. Err.
--------------------------------------------------------126

263

-95.481

39.028

-2.447

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius

The treatment is credinf


credinf |
Freq.
Percent
Cum.
------------+----------------------------------0|
660
85.83
85.83
1|
109
14.17
100.00
------------+----------------------------------Total |
769
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:

log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=

Probit regression

Log likelihood = -285.85605

Interval]
0.3598218
-0.0113979

credinf
oaosesc
oedadjh

Coef.
0.1133014
-0.1113289

-313.83975
-286.749
-285.85992
-285.85605
-285.85605

Number of obs =
7
LR chi2(17)
=
55.97
Prob > chi2
=
0.0000
Pseudo R2
=

Std. Err.
0.0589539
0.0611573

0.3313449
0.1464255
0.1801423
0.086811
0.3638167
0.0270319
0.2018355
0.1701352
0.2454674
0.3305008
0.245178
-0.0321986
0.2267987
0.0293044
0.0536727
-0.7890834

ohorastrab
ocasado
osoltero
ozona
onegruc
osexo
oviviendap~a
otlf
ocomercio
otransalmco
omanufactura
oaosfun
oempleados
ocpropia
oempleadop
_cons

0.1987938
-0.1099306
-0.0090965
0.0550286
-0.0784356
0.0494865
-0.0147093
0.0543625
0.1567332
0.092768
0.0929026
-0.120383
0.205909
-0.1296828
-0.0917762
-1.181747

0.0589454
0.0597125
0.0604199
0.0625314
0.0603643
0.0614563
0.0582325
0.0587561
0.0588198
0.0568192
0.0635316
0.0634924
0.0548149
0.0597715
0.05717
0.0638152

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------109

99

-45.351

40.619

-1.116

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches

ATT estimation with the Kernel Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------109

604

-30.324

31.841

---------------------------------------------------------

-0.952

Cum.

313.83975

285.85992
285.85605
285.85605
Number of obs =
769
LR chi2(17)
=
55.97
Prob > chi2
=
0.0000
Pseudo R2
=
0.0892

P>z
1.92
-1.82

[95% Conf.
0.055
0.069

-0.002246
-0.231195

Interval]
0.2288488
0.0085372

3.37
-1.84
-0.15
0.88
-1.3
0.81
-0.25
0.93
2.66
1.63
1.46
-1.9
3.76
-2.17
-1.61
-18.52

eighbor Matching method

--------------td. Err.
--------------40.619

-1.116

--------------and controls refer to actual

Matching method

--------------td. Err.
--------------31.841

---------------

-0.952

0.001
0.066
0.88
0.379
0.194
0.421
0.801
0.355
0.008
0.103
0.144
0.058
0
0.03
0.108
0

0.083263 0.3143246
-0.2269649 0.0071036
-0.1275173 0.1093243
-0.0675307 0.1775878
-0.1967475 0.0398763
-0.0709657 0.1699387
-0.128843 0.0994243
-0.0607974 0.1695223
0.0414486 0.2720178
-0.0185956 0.2041316
-0.031617 0.2174222
-0.2448258 0.0040598
0.0984737 0.3133443
-0.2468329 -0.0125328
-0.2038274 0.0202749
-1.306822
-1.056671

total
The treatment is credito
credito |
Freq.
Percent
Cum.
------------+----------------------------------0|
673
68.60
68.60
1|
308
31.40
100.00
------------+----------------------------------Total |
981
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:

log
log
log
log

likelihood
likelihood
likelihood
likelihood

=
=
=
=

Probit regression

Log likelihood = -537.3347

credito

Coef.

osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
zona
onegruc
ocomercio
otransporte
omanufactura
oaosfun
oempleados
oambulante
ovivpropia
otelef
_cons

-0.0078166
-0.1169147
0.2390562
0.2387377
-0.0323551
0.0517874
0.1493108
-0.032224
0.1564465
0.1542842
0.175278
0.1220585
-0.1424752
0.1678348
-0.0409498
0.0575425
0.0643261
-0.5257127

-610.41424
-538.60874
-537.33673
-537.3347
Number of obs =
LR chi2(17)
=
146.16
Prob > chi2
=
0.0000
Pseudo R2
=

Std. Err.
0.0448074
0.045208
0.0457168
0.0453889
0.0445138
0.0432767
0.0420664
0.1384403
0.0426833
0.0441585
0.0425124
0.046693
0.0469462
0.0424085
0.0451514
0.0443381
0.0441964
0.1277657

981

0.1197

P>z
-0.17
-2.59
5.23
5.26
-0.73
1.2
3.55
-0.23
3.67
3.49
4.12
2.61
-3.03
3.96
-0.91
1.3
1.46
-4.11

[95% Conf.
0.862
0.01
0
0
0.467
0.231
0
0.816
0
0
0
0.009
0.002
0
0.364
0.194
0.146
0

-0.0956374
-0.2055206
0.1494529
0.149777
-0.1196006
-0.0330334
0.0668621
-0.3035621
0.0727887
0.0677351
0.0919552
0.0305418
-0.234488
0.0847157
-0.1294448
-0.0293586
-0.0222973
-0.7761288

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------308

202

-70.628

53.768

-1.314

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches
ATT estimation with the Kernel Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------308

642

-97.283

41.031

-2.371

--------------------------------------------------------ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------219

377

-140.882

50.515

-2.789

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius
ATT estimation with the Radius Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------302

642

-173.140

37.282

-4.644

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius

estimaciones de impacto
tratados
controles
ATT
Std. Err
vecino mas c
308
202
-70,628
53,768
kernel
308
642
-97,283
41,031
credito
radius
219
377
-140,882
50,515
vecino mas c
194
139
-116,818
67,845
kernel
194
599
-109,809
56,356
credito
radius
136
260
-146,815
60,800
vecino mas c
114
95
18,067
86,304
kernel
114
638
-40,002
56,403
credito informalradius
87
282
-55,393
73,543

conformacion del grupo de tratamiento y grupo de control


credito
frecuencia
porcentaje cum.
0
673 68.60
68.60
credito
1
308 31.40
100.00
0
673 77.62
77.62
credito formal
1
194 22.38
100.00
0
673 85.51
85.51
credito informal
1
114 14.49
100.00

area de soporte comun


credito produ0.6161559, 0.8254695
credito produ0.3747792,
0.78565971
credito produc0.01619665, 0.58298996

formal
The treatment is credfor
credfor |
Freq.
Percent
Cum.
------------+----------------------------------0|
673
77.62
77.62
1|
194
22.38
100.00
------------+----------------------------------Total |
867
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:

log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=

Probit regression

Log likelihood = -386.35096

-460.9197
-388.67919
-386.36733
-386.35097
-386.35096

Number of obs =
8
LR chi2(17)
=
149.14
Prob > chi2
=
0.0000
Pseudo R2
=

Interval]
credfor
0.0800042
-0.0283087
0.3286595
0.3276983
0.0548904
0.1366083
0.2317595
0.239114
0.2401043
0.2408334
0.2586008
0.2135752
-0.0504623
0.2509539
0.0475453
0.1444436
0.1509495
-0.2752966

osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
zona
onegruc
ocomercio
otransporte
omanufactura
oaosfun
oempleados
oambulante
ovivpropia
otelef
_cons

Coef.
-0.0634351
-0.107748
0.2893827
0.2325117
0.0249852
0.092997
0.108116
-0.1467418
0.2674617
0.1462911
0.224484
0.1224808
-0.1509912
0.1294301
-0.0971639
0.1017308
0.1541951
-0.7794551

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------194

139

-116.818

67.824

-1.722

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches
ATT estimation with the Kernel Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------194

599

-109.809

56.356

-1.948

--------------------------------------------------------ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------136

260

-146.815

60.800

-2.415

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius
ATT estimation with the Radius Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------192

599

-218.468

48.906

-4.467

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius

t
-1,314
-2,371
-2,789
-1,722
-1,948
-2,415
0.209
-0.709
-0.753

estimacion del PSM


credito
credito
credito formal
osexo
-0.008
-0.063
oedadjh
-0.117
-0.108
oaosesc
0.239
0.289
ohorastrab
0.239
0.233
ocasado
-0.032
0.025
osoltero
0.052
0.093
opatrono
0.149
0.108
zona
-0.032
-0.147
onegruc
0.156
0.267
ocomercio
0.154
0.146
otransporte
0.175
0.224
omanufactura
0.122
0.122
oaosfun
-0.142
-0.151
oempleados
0.168
0.129
oambulante
-0.041
-0.097
ovivpropia
0.058
0.102
otelef
0.064
0.154
_cons
-0.526
-0.779
Pseudo R2 0.1197
0.1618
Log likelihood
-5373347.000
-38635096.000
LR chi2(17) 146.16
149.14
Prob > chi2 0.0000
0.0000

Cum.

-460.9197
388.67919
386.36733
386.35097
386.35096
Number of obs =
867
LR chi2(17)
=
149.14
Prob > chi2
=
0.0000
Pseudo R2
=
0.1618

Std. Err.

z
0.0525202
0.0538376
0.0530104
0.0531023
0.0521072
0.0483609
0.0473768
0.1581422
0.047878
0.051597
0.0474573
0.0563784
0.0569294
0.0465646
0.0545556
0.0522926
0.0520177
0.145412

P>z
-1.21
-2
5.46
4.38
0.48
1.92
2.28
-0.93
5.59
2.84
4.73
2.17
-2.65
2.78
-1.78
1.95
2.96
-5.36

[95% Conf.
0.227
0.045
0
0
0.632
0.054
0.022
0.353
0
0.005
0
0.03
0.008
0.005
0.075
0.052
0.003
0

Interval]

-0.1663728 0.0395026
-0.2132678 -0.0022282
0.1854842 0.3932812
0.1284331 0.3365903
-0.0771431 0.1271134
-0.0017886 0.1877826
0.0152593 0.2009728
-0.4566947 0.1632112
0.1736225 0.3613009
0.0451629 0.2474193
0.1314694 0.3174985
0.0119811 0.2329805
-0.2625708 -0.0394116
0.0381652 0.2206951
-0.204091 0.0097631
-0.0007608 0.2042224
0.0522424 0.2561479
-1.064457 -0.4944529

Neighbor Matching method

---------------Std. Err.
---------------67.824

-1.722

---------------and controls refer to actual

l Matching method

---------------Std. Err.
---------------56.356

-1.948

----------------

s Matching method

---------------Std. Err.
---------------60.800

-2.415

---------------and controls refer to actual

s Matching method

---------------Std. Err.
---------------48.906

-4.467

---------------and controls refer to actual

PSM
credito informal
0.071
-0.147
0.117
0.201
-0.116
-0.021
0.202
0.082
-0.084
0.161
0.093
0.104
-0.141
0.207
0.028
-0.012
-0.067
-1.258
0.1058
-29111904.000
68.89
0.0000

0.862
0.010
0.000
0.000
0.467
0.231
0.000
0.816
0.000
0.000
0.000
0.009
0.002
0.000
0.364
0.194
0.146
0.000

0.227
0.045
0.000
0.000
0.632
0.054
0.022
0.353
0.000
0.005
0.000
0.030
0.008
0.005
0.075
0.052
0.003
0.000

0.248
0.016
0.054
0.001
0.051
0.730
0.000
0.668
0.167
0.006
0.100
0.099
0.027
0.000
0.633
0.836
0.255

informal
The treatment is credinf
credinf |
Freq.
Percent
Cum.
------------+----------------------------------0|
673
85.51
85.51
1|
114
14.49
100.00
------------+----------------------------------Total |
787
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:

log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=

Probit regression

Log likelihood = -291.11904

credinf

Coef.

osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
zona
onegruc
ocomercio
otransporte
omanufactura
oaosfun
oempleados
oambulante
ovivpropia
otelef
_cons

0.0713404
-0.147043
0.1169141
0.2007693
-0.1163687
-0.0210514
0.2024636
0.0822469
-0.0838737
0.1607482
0.0927045
0.1037866
-0.1414701
0.2072413
0.0282782
-0.011913
-0.0665607
-1.257753

-325.5644
-292.366
-291.12664
-291.11904
-291.11904
Number of obs =
787
LR chi2(17)
=
68.89
Prob > chi2
=
0.0000
Pseudo R2
=
0.1058

Std. Err.
0.0617533
0.0611476
0.0607831
0.0597046
0.0597096
0.0609561
0.0529453
0.192048
0.0607557
0.0587469
0.0564277
0.0629408
0.0641523
0.0561667
0.0593026
0.0576999
0.0584488
0.178207

P>z
1.16
-2.4
1.92
3.36
-1.95
-0.35
3.82
0.43
-1.38
2.74
1.64
1.65
-2.21
3.69
0.48
-0.21
-1.14
-7.06

[95% Conf.
0.248
0.016
0.054
0.001
0.051
0.73
0
0.668
0.167
0.006
0.1
0.099
0.027
0
0.633
0.836
0.255
0

-0.049694
-0.26689
-0.0022185
0.0837505
-0.2333974
-0.1405232
0.0986926
-0.2941602
-0.2029526
0.0456063
-0.0178917
-0.019575
-0.2672064
0.0971566
-0.0879528
-0.1250028
-0.1811182
-1.607032

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------114

95

18.067

86.304

0.209

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches
ATT estimation with the Kernel Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------114

638

-40.002

56.403

-0.709

--------------------------------------------------------ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------87

282

-55.393

73.543

-0.753

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius
ATT estimation with the Radius Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------111

608

-107.609

55.825

-1.928

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius

Interval]
0.1923747
-0.0271959
0.2360468
0.3177881
0.0006601
0.0984204
0.3062345
0.458654
0.0352052
0.27589
0.2033008
0.2271482
-0.0157338
0.3173261
0.1445092
0.1011767
0.0479969
-0.9084735

CREDITO
The treatment is credito
credito |
Freq.
Percent
Cum.
------------+----------------------------------0|
404
72.79
72.79
1|
151
27.21
100.00
------------+----------------------------------Total |
555
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:

log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=

-324.84644
-290.35347
-289.51478
-289.512
-289.512

Probit regression

Number of obs =
LR chi2(18)
=
70.67
Prob > chi2
=
0.0000
Pseudo R2
=

Log likelihood = -289.512


credito

Coef. Std.

oaosesc
oedadjh
ohorastrab
ocasado
osoltero
ozona
onegruc
osexo
onhogar
ovivpropia
otlf
ocomercio
otransalmco
omanufactura
oaosfun
oempleados
ocpropia
oempleadop
_cons

0.1379695
-0.1629167
0.2643866
0.0368069
0.0024829
-0.0355787
0.1295544
-0.1117916
0.0296867
-0.0310861
0.0855472
0.2230504
0.1310364
0.1466977
-0.0239806
0.1590522
-0.0992567
-0.0490279
-0.6898377

Err.
0.0595159
0.0621659
0.064853
0.0597224
0.0604565
0.0594652
0.0578949
0.0608073
0.0623019
0.0612473
0.0600215
0.0602982
0.059323
0.0636702
0.0617563
0.0559443
0.0601775
0.058519
0.0624014

Z
2.32
-2.62
4.08
0.62
0.04
-0.6
2.24
-1.84
0.48
-0.51
1.43
3.7
2.21
2.3
-0.39
2.84
-1.65
-0.84
-11.05

555

0.1088

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------151

101

-43.976

44.267

-0.993

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches

ATT estimation with the Radius Matching method


Bootstrapped standard errors

n. treat. n. contr.

92

147

ATTt

-30.312

Note: the numto


matches within radius

-0.66

actual

ATT estimation with the Kernel Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------151

347

-36.071

27.314

---------------------------------------------------------

-1.321

FORMAL
The treatment is credf
credf |
Freq.
Percent
Cum.
------------+----------------------------------0|
478
86.13
86.13
1|
77
13.87
100.00
------------+----------------------------------Total |
555
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:

log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=

Probit regression

0.1088

Log likelihood = -195.91481


P>z

0.020
0.009
0.000
0.538
0.967
0.550
0.025
0.066
0.634
0.612
0.154
0.000
0.027
0.021
0.698
0.004
0.099
0.402
0.000

[95% Conf. Interval]

credf

.0213205
-.2847596
.137277
-.0802468
-.1160096
-.1521284
.0160826
-.2309718
-.0924227
-.1511285
-.0320927
.104868
.0147654
.0219063
-.1450206
.0494034
-.2172025
-.1637231
-.8121422

oaosesc
oedadjh
ohorastrab
ocasado
osoltero
ozona
onegruc
osexo
onhogar
ovivpropia
otlf
ocomercio
otransalmco
omanufactura
oaosfun
oempleados
ocpropia
oempleadop
_cons

.2546184
-.0410738
.3914961
.1538606
.1209755
.080971
.2430263
.0073886
.1517961
.0889564
.2031871
.3412327
.2473073
.2714891
.0970595
.268701
.0186892
.0656673
-.5675333

Coef. Std.
0.209411
-0.1509683
0.159965
0.081149
0.0305745
0.0262963
0.2673823
-0.1732575
0.0048731
0.0399167
-0.0030055
0.1223042
0.1584912
0.043168
-0.015466
0.0840253
-0.0585414
-0.0149744
-1.218811

-223.48036
-196.61126
-195.91769
-195.91481
-195.91481

Number of
LR chi2(18)
=
Prob > chi2
=
Pseud

ATT estimation with Nearest Neighbor Matching


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------77

64

-69.321

50.564

-1.371

--------------------------------------------------------Note: the numbers of treated and controls refer


nearest neighbour matches

ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------50

144

-51.338

45.840

-1.120

--------------------------------------------------------Note: the numbers of treated and controls refer


matches within radius

ATT estimation with the Kernel Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------77

422

-49.768

38.412

---------------------------------------------------------

-1.296

q.
Percent
Cum.
-------------------------8
86.13
86.13
13.87
100.00
-------------------------5
100.00

propensity score

ikelihood
ikelihood
ikelihood
ikelihood
ikelihood

=
=
=
=
=

-223.48036
-196.61126
-195.91769
-195.91481
-195.91481

Number of obs =
555
LR chi2(18)
=
55.13
Prob > chi2
=
0.0000
Pseudo R2
=
0.1233

195.91481
Err.

0.0702965
0.0746305
0.0748287
0.0705025
0.0688508
0.0803528
0.0622309
0.0723092
0.077045
0.0699191
0.0715474
0.0717413
0.0675216
0.0785541
0.0768566
0.0609099
0.0722333
0.0699965
0.0769394

P>z
2.98
-2.02
2.14
1.15
0.44
0.33
4.3
-2.4
0.06
0.57
-0.04
1.7
2.35
0.55
-0.2
1.38
-0.81
-0.21
-15.84

[95% Conf. Interval]


0.003 .0716325 .3471896
0.043 -0.3019365
0.033 .0133035 .3066266
0.25 -.0570334 .2193314
0.657 -.1043706 .1655196
0.743 -.1311924
.183785
0 .1454119 .3893526
0.017 -0.3465149
0.95 -.1461323 .1558786
0.568 -.0971223 .1769556
0.966 -.1432358 .1372248
0.088 -.0183062 .2629147
0.019 .0261513 .2908312
0.583 -.1107952 .1971313
0.841 -.1661022 .1351701
0.168 -.035356 .2034066
0.418 -.200116 .0830332
0.831 -.1521649 .1222162
0
-2.437621

ith Nearest Neighbor Matching method

ndard errors

--------------------------------.
ATT Std. Err.
---------------------------------69.321

50.564

-1.371

--------------------------------rs of treated and controls refer to actual


r matches

ith the Radius Matching method


ndard errors

--------------------------------.
ATT Std. Err.
---------------------------------51.338

45.840

-1.120

--------------------------------rs of treated and controls refer to actual

ith the Kernel Matching method


ndard errors

--------------------------------.
ATT Std. Err.
---------------------------------49.768

38.412

---------------------------------

-1.296

INFORMAL
The treatment is credin
credin |
Freq.
Percent
Cum.
------------+----------------------------------0|
481
86.67
86.67
1|
74
13.33
100.00
------------+----------------------------------Total |
555
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:

log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=

Probit regression

Log likelihood = -197.43735


credin

Coef.

oaosesc
oedadjh
ohorastrab
ocasado
osoltero
ozona
onegruc
osexo
onhogar
ovivpropia
otlf
ocomercio
otransalmco
omanufactura
oaosfun
oempleados
ocpropia
oempleadop
_cons

-0.0159424
-0.1173542
0.2208504
-0.0310434
-0.0628176
-0.0543074
-0.1530657
-0.0017978
0.0328748
-0.0842611
0.1214828
0.2250288
0.0680568
0.1969228
-0.0205379
0.1637875
-0.1018532
-0.0626767
-1.238089

-217.93433
-198.45782
-197.44846
-197.43735
-197.43735

Number of obs =
555
LR chi2(18)
=
40.99
Prob > chi2
=
0.0015
Pseudo R2
=
0.0941

Std. Err.
0.0717256
0.0734583
0.0765034
0.0710815
0.0800186
0.0652973
0.0788857
0.0724611
0.0716931
0.0753689
0.0705578
0.0729964
0.0744527
0.0780948
0.0714031
0.0689245
0.0711995
0.0683699
0.0788376

P>z
-0.22
-1.6
2.89
-0.44
-0.79
-0.83
-1.94
-0.02
0.46
-1.12
1.72
3.08
0.91
2.52
-0.29
2.38
-1.43
-0.92
-15.7

0.824
0.11
0.004
0.662
0.432
0.406
0.052
0.98
0.647
0.264
0.085
0.002
0.361
0.012
0.774
0.017
0.153
0.359
0

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------74

58

-12.231

52.549

-0.233

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches

ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------53

116

-9.334

57.132

-0.163

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius

ATT estimation with the Kernel Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------74

428

-6.677

39.545

-0.169

---------------------------------------------------------

NUEVO
The treatment is credito
credito |
Freq.
Percent
Cum.
------------+----------------------------------0|
404
72.79
72.79
1|
151
27.21
100.00
------------+----------------------------------Total |
555
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:

log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=

Probit regression

Log likelihood = -289.16157


0.0941
[95% Conf.
-0.156522
-0.2613299
0.0709065
-0.1703606
-0.2196512
-0.1822877
-0.3076788
-0.143819
-0.1076411
-0.2319815
-0.016808
0.0819584
-0.0778679
0.0438598
-0.1604855
0.0286979
-0.2414017
-0.1966792
-1.392608

Interval]
0.1246373
0.0266215
0.3707944
0.1082737
0.094016
0.0736729
0.0015475
0.1402235
0.1733907
0.0634594
0.2597736
0.3680992
0.2139815
0.3499857
0.1194097
0.298877
0.0376953
0.0713258
-1.08357

credito

Coef.

oaosesc
oedadjh
ohorastrab
ocasado
osoltero
ozona
onegruc
osexo
oviviendap~a
otlf
ocomercio
otransalmco
omanufactura
oaosfun
oempleados
ocpropia
oempleadop
_cons

0.1386251
-0.1639688
0.2638911
0.0369848
0.0022143
-0.0356866
0.1295973
-0.1113421
0.0620312
0.0894311
0.2201484
0.1256819
0.1485038
-0.0206813
0.1606797
-0.1026181
-0.0502325
-0.6911705

-324.84644
-289.99186
-289.16424
-289.16157
-289.16157

Number of
LR chi2(17)
=
Prob > chi2
=
Pseud

ATT estimation with Nearest Neighbor Matching


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------151

99

-30.576

37.820

-0.808

--------------------------------------------------------Note: the numbers of treated and controls refer


nearest neighbour matches

ATT estimation with the Kernel Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------151

336

-36.356

31.061

-1.170

---------------------------------------------------------

0.001 ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------101

149

-27.131

45.609

-0.595

--------------------------------------------------------Note: the numbers of treated and controls refer


matches within radius

ATT estimation with the Radius Matching method


Analytical standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.

--------------------------------------------------------140

330

-67.571

29.261

-2.309

--------------------------------------------------------Note: the numbers of treated and controls refer


matches within radius

q.
Percent
Cum.
-------------------------4
72.79
72.79
1
27.21
100.00
-------------------------5
100.00

propensity score

ikelihood
ikelihood
ikelihood
ikelihood
ikelihood

=
=
=
=
=

289.16157

-324.84644
-289.99186
-289.16424
-289.16157
-289.16157
Number of obs =
555
LR chi2(17)
=
71.37
Prob > chi2
=
0.0000
Pseudo R2
=
0.1099

Std. Err.
0.0596185
0.0623007
0.0648219
0.0597545
0.0604971
0.0596067
0.0577778
0.0609034
0.060755
0.0600054
0.0602622
0.059194
0.0637652
0.0617093
0.0560359
0.0602807
0.0584277
0.0624945

P>z
2.33
-2.63
4.07
0.62
0.04
-0.6
2.24
-1.83
1.02
1.49
3.65
2.12
2.33
-0.34
2.87
-1.7
-0.86
-11.06

[95% Conf.
0.02
0.008
0
0.536
0.971
0.549
0.025
0.068
0.307
0.136
0
0.034
0.02
0.738
0.004
0.089
0.39
0

Interval]

0.021775 0.2554753
-0.286076 -0.0418616
0.1368425 0.3909397
-0.0801318 0.1541015
-0.1163579 0.1207865
-0.1525136 0.0811404
0.0163549 0.2428397
-0.2307106 0.0080264
-0.0570463 0.1811087
-0.0281773 0.2070395
0.1020367
0.33826
0.0096638 0.2417001
0.0235264 0.2734813
-0.1416293 0.1002667
0.0508513
0.270508
-0.2207662 0.0155299
-0.1647488 0.0642837
-0.8136575 -0.5686835

ith Nearest Neighbor Matching method

ndard errors

--------------------------------.
ATT Std. Err.
---------------------------------30.576

37.820

-0.808

--------------------------------rs of treated and controls refer to actual


r matches

ith the Kernel Matching method


ndard errors

--------------------------------.
ATT Std. Err.
---------------------------------36.356

31.061

-1.170

---------------------------------

ith the Radius Matching method


ndard errors

--------------------------------.
ATT Std. Err.
---------------------------------27.131

45.609

-0.595

--------------------------------rs of treated and controls refer to actual

ith the Radius Matching method

--------------------------------.
ATT Std. Err.

---------------------------------67.571

29.261

-2.309

--------------------------------rs of treated and controls refer to actual

formal
The treatment is credf
credf |
Freq.
Percent
Cum.
------------+----------------------------------0|
404
83.99
83.99
1|
77
16.01
100.00
------------+----------------------------------Total |
481
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:

log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=

Probit regression

Log likelihood = -180.41326

credf

Coef.

oaosesc
oedadjh
ohorastrab
ocasado
osoltero
ozona
onegruc
osexo
oviviendap~a
ocomercio
otransalmco
omanufactura
oaosfun
oempleados
ocpropia
oempleadop
_cons

0.228856
-0.1900239
0.2095548
0.083052
0.0253215
0.0238176
0.2685184
-0.1838541
0.1494711
0.1572719
0.1576156
0.0704046
-0.0015202
0.0962727
-0.086993
-0.0427478
-1.155647

-211.54753
-181.43579
-180.4213
-180.41326
-180.41326
Number of obs =
481
LR chi2(16)
=
62.27
Prob > chi2
=
0.0000
Pseudo R2
=
0.1472

Std. Err.
0.0745172
0.079432
0.080939
0.0740951
0.0725706
0.0830714
0.0665049
0.0764195
0.0801778
0.0751206
0.0709287
0.0819061
0.0804984
0.0635639
0.0755997
0.0727826
0.0825074

P>z
3.07
-2.39
2.59
1.12
0.35
0.29
4.04
-2.41
1.86
2.09
2.22
0.86
-0.02
1.51
-1.15
-0.59
-14.01

[95% Conf.
0.002
0.017
0.01
0.262
0.727
0.774
0
0.016
0.062
0.036
0.026
0.39
0.985
0.13
0.25
0.557
0

0.082805
-0.3457077
0.0509173
-0.0621716
-0.1169144
-0.1389995
0.1381711
-0.3336335
-0.0076745
0.0100383
0.0185979
-0.0901283
-0.1592941
-0.0283102
-0.2351658
-0.185399
-1.317359

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------77

59

-29.535

55.713

-0.530

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches

ATT estimation with the Kernel Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------77

328

-42.777

39.707

-1.077

--------------------------------------------------------ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------46

107

-63.747

67.140

-0.949

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius

ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.

--------------------------------------------------------46

107

-63.747

67.140

-0.949

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius
.
. attr brecha credf, pscore(pnt) radius(0.01) comsup bootstrap reps (200)

The program is searching for matches of treated units within radius.


This operation may take a while.

ATT estimation with the Radius Matching method


Analytical standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------73

326

-84.693

42.301

-2.002

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius

Bootstrapping of standard errors


command:
attr brecha credf
statistic: r(attr)
(obs=481)

, pscore(pnt) comsup radius(.01)

Bootstrap statistics
Variable | Reps Observed
Bias Std. Err. [95% Conf. Interval]
---------+------------------------------------------------------------------bs1 | 200 -84.6935 12.2961 40.01094 -163.5933 -5.793661 (N)
|
-153.7247 6.980805 (P)
|
-169.8741 -14.74413 (BC)

----------------------------------------------------------------------------N = normal, P = percentile, BC = bias-corrected

ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------73

326

-84.693

40.011

-2.117

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius

Interval]
0.3749071
-0.0343401
0.3681924
0.2282757
0.1675573
0.1866346
0.3988657
-0.0340747
0.3066168
0.3045056
0.2966333
0.2309376
0.1562536
0.2208556
0.0611798
0.0999034
-0.9939355

total
The treatment is credito
credito |
Freq.
Percent
Cum.
------------+----------------------------------0|
405
72.58
72.58
1|
153
27.42
100.00
------------+----------------------------------Total |
558
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:

log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=

Probit regression

Log likelihood = -291.49186

credito

Coef.

osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
zona
onegruc
ocomercio
otransporte
omanufactura
oaosfun
oempleados
oambulante
ovivpropia
otelef
_cons

-0.1012211
-0.1787476
0.163742
0.256927
0.0257949
0.0021047
0.1223428
-0.2880131
0.111933
0.2198596
0.1283713
0.1667881
-0.0265069
0.1550329
-0.0687876
0.0530073
0.0066066
-0.4134637

-327.76104
-292.3765
-291.49456
-291.49186
-291.49186
Number of obs =
558
LR chi2(17)
=
72.54
Prob > chi2
=
0.0000
Pseudo R2
=
0.1107

Std. Err.
0.0615445
0.0619968
0.0607845
0.0640895
0.0595222
0.0601163
0.057453
0.2679611
0.0578554
0.0601528
0.0590287
0.0634842
0.062294
0.0560842
0.0625266
0.0604074
0.0611355
0.2575485

P>z
-1.64
-2.88
2.69
4.01
0.43
0.04
2.13
-1.07
1.93
3.66
2.17
2.63
-0.43
2.76
-1.1
0.88
0.11
-1.61

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors

0.1
0.004
0.007
0
0.665
0.972
0.033
0.282
0.053
0
0.03
0.009
0.67
0.006
0.271
0.38
0.914
0.108

--------------------------------------------------------n. treat. n. contr.


ATT Std. Err.
--------------------------------------------------------153

103

-63.519

77.297

-0.822

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches
ATT estimation with the Kernel Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------153

364

-71.000

52.207

-1.360

--------------------------------------------------------0.001 ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------96

167

-102.076

77.852

-1.311

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius
0.01 ATT estimation with the Radius Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------142

363

-131.631

50.124

-2.626

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius
ATT estimation with the Stratification method
Bootstrapped standard errors

--------------------------------------------------------n. treat. n. contr.


ATT Std. Err.
--------------------------------------------------------153

364

-52.470

49.424

-1.062

---------------------------------------------------------

credito

credito
formal

credito
informal

estimaciones de impacto en Guayas


tratados
controles
ATT
Std. Err
vecino mas c
153
103
-63.519
77.297
kernel
153
364
-71.000
52.207
radius
96
167
-102.076
77.852
estratificado
153
364
-52.470
49.424
vecino mas c
76
56
-147.328
91.958
kernel
76
317
-104.460
73.143
radius
74
297
-108.086
81.791
estratificado
76
317
-99.370
78.701
vecino mas c
77
57
-83.923
109.048
kernel
77
310
14.665
94.039
radius
70
301
-58.328
66.697
estratificado
77
310
39.948
104.321

conformacion del grupo de tratamiento y grupo de control en guayas


credito
frecuencia
porcentaje
cum.
0
405
72.580
72.580
credito
1
153
27.420
100.000
0
405
84.200
84.200
credito
formal
1
76
15.800
100.000
0
405
84.020
84.020
credito
informal
1
77
15.980
100.000

area de soporte comun


credito produ0.06734553, 0.77042818
credito produ0.03879905, 0.69595615
credito produc0.04763885, 0.71883183

FORMAL
The treatment is credfor
credfor |
Freq.
Percent
Cum.
------------+----------------------------------0|
405
84.20
84.20
1|
76
15.80
100.00
------------+----------------------------------Total |
481
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:

log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=

Probit regression

0.1107

Log likelihood = -177.99707

[95% Conf.

Interval]

-0.221846 0.0194038
-0.3002591 -0.0572361
0.0446065 0.2828774
0.1313139 0.3825401
-0.0908666 0.1424563
-0.1157212 0.1199305
0.0097369 0.2349486
-0.8132073
0.237181
-0.0014616 0.2253275
0.1019621
0.337757
0.0126772 0.2440654
0.0423612 0.2912149
-0.1486008
0.095587
0.0451099 0.2649559
-0.1913375 0.0537623
-0.065389 0.1714035
-0.1132167 0.1264299
-0.9182496 0.0913222

credfor
osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
zona
onegruc
ocomercio
otransporte
omanufactura
oaosfun
oempleados
oambulante
ovivpropia
otelef
_cons

-209.88216
-179.21586
-178.00864
-177.99707
-177.99707

Number of obs =
LR chi2(17)
=
63.77
Prob > chi2
=
0.0000
Pseudo R2
=

Coef.
-0.1751965
-0.194628
0.2416357
0.1996909
0.0695348
0.0227714
0.043122
-0.0064273
0.2598744
0.1569853
0.1682727
0.0731194
-0.0151111
0.0861971
-0.1960898
0.1308052
0.04773
-1.168852

Std. Err.
0.0776044
0.080521
0.0757603
0.0810345
0.0745737
0.0726492
0.070746
0.3880912
0.0673516
0.0758163
0.0708272
0.0825699
0.0821486
0.064739
0.0825453
0.0798577
0.0769231
0.3774452

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors

--------------------------------------------------------n. treat. n. contr.


ATT Std. Err.
--------------------------------------------------------76

56

-147.328

91.958

-1.602

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches
ATT estimation with the Kernel Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------76

317

-104.460

73.143

-1.428

--------------------------------------------------------ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------46

101

-108.086

118.248

-0.914

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius
ATT estimation with the Radius Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------74

297

-184.531

81.791

-2.256

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius
ATT estimation with the Stratification method
Bootstrapped standard errors

--------------------------------------------------------n. treat. n. contr.


ATT Std. Err.
--------------------------------------------------------76

317

-99.370

78.701

-1.263

--------------------------------------------------------

t
-0.822
-1.360
-1.311
-1.062
-1.602
-1.428
-2.256
-1.263
-0.770
0.156
-0.875
0.383

estimacion del PSM en Guayas


credito
credito
credito formal credito informal
osexo
-0.101
-0.175
-0.008
oedadjh
-0.179
-0.195
-0.184
oaosesc
0.164
0.242
0.043
ohorastrab
0.257
0.200
0.268
ocasado
0.026
0.070
-0.023
osoltero
0.002
0.023
-0.048
opatrono
0.122
0.043
0.212
zona
-0.288
-0.006
-0.391
onegruc
0.112
0.260
-0.123
ocomercio
0.220
0.157
0.276
otransporte
0.128
0.168
0.106
omanufactura
0.167
0.073
0.244
oaosfun
-0.027
-0.015
-0.039
oempleados
0.155
0.086
0.194
oambulante
-0.069
-0.196
0.018
ovivpropia
0.053
0.131
-0.009
otelef
0.007
0.048
-0.043
_cons
-0.413
-1.169
-0.793
Pseudo R2
0.111
0.152
0.127
Log likelihood
-291.492
-177.997
-184.772
LR chi2(17)
72.540
63.770
53.900
Prob > chi2
0.000
0.000
0.000

INFORMAL
The treatment is credinf

credinf |
Freq.
Percent
------------+--------------------------0|
405
84.02
1|
77
15.98
------------+--------------------------Total |
482
100.00

Estimation of the propensity s


Iteration
Iteration
Iteration
Iteration
Iteration

umber of obs =
481
(17)
=
63.77
chi2
=
0.0000
Pseudo R2
=
0.1519

Matching method

log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=

-2
-1
-1
-1
-1

Probit regression

Log likelihood = -184.77208

P>z
-2.26
-2.42
3.19
2.46
0.93
0.31
0.61
-0.02
3.86
2.07
2.38
0.89
-0.18
1.33
-2.38
1.64
0.62
-3.1

0:
1:
2:
3:
4:

[95% Conf.
0.024
0.016
0.001
0.014
0.351
0.754
0.542
0.987
0
0.038
0.018
0.376
0.854
0.183
0.018
0.101
0.535
0.002

-0.3272982
-0.3524462
0.0931483
0.0408663
-0.076627
-0.1196184
-0.0955376
-0.7670721
0.1278676
0.008388
0.0294541
-0.0887147
-0.1761195
-0.0406891
-0.3578757
-0.0257131
-0.1030365
-1.908631

Interval]
-0.0230947
-0.0368098
0.3901231
0.3585156
0.2156966
0.1651613
0.1817816
0.7542174
0.3918811
0.3055825
0.3070914
0.2349535
0.1458973
0.2130833
-0.0343039
0.2873235
0.1984965
-0.4290725

credinf
osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
zona
onegruc
ocomercio
otransporte
omanufactura
oaosfun
oempleados
oambulante
ovivpropia
otelef
_cons

ATT estimation with Nearest N


(random draw version)
Bootstrapped standard errors

-----------------------------------------n. treat. n. contr.


ATT S
-----------------------------------------77

ols refer to actual

g method

57

-83.923

-----------------------------------------Note: the numbers of treated a


nearest neighbour matches

ATT estimation with the Kerne


Bootstrapped standard errors

-----------------------------------------n. treat. n. contr.


ATT S
------------------------------------------1.428

77

310

14.665

------------------------------------------

g method

ATT estimation with the Radiu


Bootstrapped standard errors

-----------------------------------------n. treat. n. contr.


ATT S
------------------------------------------0.914

ols refer to actual

g method

51

101

-73.952

-----------------------------------------Note: the numbers of treated a


matches within radius
ATT estimation with the Radiu
Bootstrapped standard errors

-----------------------------------------n. treat. n. contr.


ATT S
------------------------------------------2.256

ols refer to actual

70

301

-58.328

-----------------------------------------Note: the numbers of treated a


matches within radius

ATT estimation with the Stratifi


Bootstrapped standard errors

-----------------------------------------n. treat. n. contr.


ATT S
-----------------------------------------77

310

39.948

------------------------------------------

0.100
0.004
0.007
0.000
0.665
0.972
0.033
0.282
0.053
0.000
0.030
0.009
0.670
0.006
0.271
0.380
0.914
0.108

0.024
0.016
0.001
0.014
0.351
0.754
0.542
0.987
0.000
0.038
0.018
0.376
0.854
0.183
0.018
0.101
0.535
0.002

0.921
0.018
0.573
0.001
0.760
0.559
0.002
0.201
0.134
0.000
0.166
0.003
0.607
0.006
0.814
0.897
0.567
0.007

treatment is credinf

redinf |
Freq.
Percent
Cum.
-------+----------------------------------0|
405
84.02
84.02
1|
77
15.98
100.00
-------+----------------------------------Total |
482
100.00

mation of the propensity score

ation
ation
ation
ation
ation

0:
1:
2:
3:
4:

log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=

bit regression

likelihood = -184.77208

Coef.
-0.0076874
-0.1835067
0.0426687
0.2681134
-0.0226232
-0.0479398
0.2115891
-0.3911886
-0.1227967
0.2762166
0.1059137
0.2441138
-0.0394019
0.1935403
0.0180403
-0.0093548
-0.0431529
-0.79345

-211.72178
-186.41842
-184.80046
-184.77209
-184.77208
Number of obs =
482
LR chi2(17)
=
53.90
Prob > chi2
=
0.0000
Pseudo R2
=
0.1273

Std. Err.
0.0777552
0.0774404
0.0757681
0.0813588
0.0739233
0.0819587
0.0693543
0.3062417
0.0818487
0.0769941
0.0764734
0.0828399
0.0766263
0.0710014
0.0767898
0.0725481
0.0754154
0.2940081

P>z
-0.1
-2.37
0.56
3.3
-0.31
-0.58
3.05
-1.28
-1.5
3.59
1.38
2.95
-0.51
2.73
0.23
-0.13
-0.57
-2.7

estimation with Nearest Neighbor Matching method


dom draw version)
tstrapped standard errors

[95% Conf.
0.921
0.018
0.573
0.001
0.76
0.559
0.002
0.201
0.134
0
0.166
0.003
0.607
0.006
0.814
0.897
0.567
0.007

Interval]

-0.1600848
0.14471
-0.3352872 -0.0317262
-0.105834 0.1911714
0.108653 0.4275739
-0.1675103 0.1222639
-0.2085759 0.1126964
0.0756573
0.347521
-0.9914113
0.209034
-0.2832172 0.0376238
0.125311 0.4271222
-0.0439715 0.2557989
0.0817505 0.4064771
-0.1895867 0.1107829
0.0543801 0.3327005
-0.1324649 0.1685455
-0.1515463 0.1328368
-0.1909643 0.1046585
-1.369695 -0.2172047

---------------------------------------------------reat. n. contr.
ATT Std. Err.
---------------------------------------------------77

57

-83.923

109.048

-0.770

---------------------------------------------------e: the numbers of treated and controls refer to actual


rest neighbour matches

estimation with the Kernel Matching method


tstrapped standard errors

---------------------------------------------------reat. n. contr.
ATT Std. Err.
---------------------------------------------------77

310

14.665

94.039

0.156

----------------------------------------------------

estimation with the Radius Matching method


tstrapped standard errors

---------------------------------------------------reat. n. contr.
ATT Std. Err.
---------------------------------------------------51

101

-73.952

94.361

-0.784

---------------------------------------------------e: the numbers of treated and controls refer to actual


ches within radius

estimation with the Radius Matching method


tstrapped standard errors

---------------------------------------------------reat. n. contr.
ATT Std. Err.
---------------------------------------------------70

301

-58.328

66.697

-0.875

---------------------------------------------------e: the numbers of treated and controls refer to actual


ches within radius

estimation with the Stratification method


tstrapped standard errors

---------------------------------------------------reat. n. contr.
ATT Std. Err.
---------------------------------------------------77

310

39.948

104.321

----------------------------------------------------

0.383

CREDITO
The treatment is credito
credito |
Freq.
Percent
Cum.
------------+----------------------------------0|
121
71.18
71.18
1|
49
28.82
100.00
------------+----------------------------------Total |
170
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:
5:

log
log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=
=

Probit regression

Log likelihood = -78.615661


credito

-102.09588
-80.531019
-78.723466
-78.616347
-78.615661
-78.615661
Number of obs =
170
LR chi2(18)
=
46.96
Prob > chi2
=
0.0002
Pseudo R2
=
0.2300

Coef. Std. Err.

oaosesc
.491091 .1251264
oedadjh
.1455454 .1150251
ohorastrab .2144916 .1208989
ocasado
-.0237534 .1198954
osoltero
.0074825 .1277242
ozona
.0725793 .1218741
onegruc
.1532629 .1075284
osexo
.2823027 .1412224
onhogar
.0783336 .1268067
ovivpropia
-.0918167 .1212739
otlf
.1023827 .1177132
ocomercio
.0657559 .1163463
otransalmco .3481234 .1146152
omanufactura.0119195 .1215013
oaosfun
-.4567014 .1620243
oempleados .279955 .1158002
ocpropia
-.0200209 .123709
oempleadop -.0828123 .1051835
_cons
-.7782732
.13735

P>z
3.92
1.27
1.77
-0.2
0.06
0.6
1.43
2
0.62
-0.76
0.87
0.57
3.04
0.1
-2.82
2.42
-0.16
-0.79
-5.67

0
0.206
0.076
0.843
0.953
0.551
0.154
0.046
0.537
0.449
0.384
0.572
0.002
0.922
0.005
0.016
0.871
0.431
0

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------49

28

-308.723

97.012

-3.182

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches

0.001 ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------9

10

-140.137

198.197

-0.707

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius

ATT estimation with the Kernel Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------49

85

-295.570

89.419

-3.305

---------------------------------------------------------

0.01 ATT estimation with the Radius Matching method

Bootstrapped standard errors


--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------36

51

-164.827

62.976

-2.617

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius

FORMAL
The treatment is credf
credf |
Freq.
Percent
Cum.
------------+----------------------------------0|
136
80.00
80.00
1|
34
20.00
100.00
------------+----------------------------------Total |
170
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:
5:

log
log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=
=

Probit regression

Log likelihood = -61.454174


[95% Conf. Interval]

credf

Coef. Std.

.2458478 .7363342
-.0798996 .3709904
-.0224658
.451449
-.258744 .2112372
-.2428523 .2578173
-.1662895 .3114481
-.0574889 .3640147
.0055119 .5590936
-.1702029
.32687
-.3295092 .1458757
-.128331 .3330963
-.1622787 .2937905
.1234817 .5727651
-.2262186 .2500576
-0.9134028
.0529907 .5069192
-.2624861 .2224442
-.2889681 .1233434
-1.5565462

oaosesc
oedadjh
ocasado
osoltero
ozona
onegruc
osexo
onhogar
ovivpropia
otlf
ocomercio
otransalmco
omanufactura
oaosfun
oempleados
ocpropia
oempleadop
_cons

0.4633189
0.1753775
0.029686
-0.1104051
-0.0526955
0.2168675
0.3316703
0.1114191
-0.0008507
0.0894317
0.0428304
0.4215649
-0.0347326
-0.3096681
0.3742471
0.0643241
-0.2144396
-1.157813

-85.068412
-63.275544
-61.571195
-61.45524
-61.454174
-61.454174

Number of
LR chi2(17)
=
Prob > chi2
=
Pseud

ATT estimation with Nearest Neighbor Matching


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------34

19

-293.204

145.464

-2.016

--------------------------------------------------------Note: the numbers of treated and controls refer


nearest neighbour matches

ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------5

-398.248

236.019

-1.687

--------------------------------------------------------Note: the numbers of treated and controls refer


matches within radius

ATT estimation with the Kernel Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------34

100

-327.839

136.931

-2.39

---------------------------------------------------------

ATT estimation with the Radius Matching method

Bootstrapped standard errors


--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------22

46

-202.818

111.973

-1.811

--------------------------------------------------------Note: the numbers of treated and controls refer


matches within radius

q.
Percent
Cum.
-------------------------6
80.00
80.00
20.00
100.00
-------------------------0
100.00

propensity score

ikelihood
ikelihood
ikelihood
ikelihood
ikelihood
ikelihood

=
=
=
=
=
=

-85.068412
-63.275544
-61.571195
-61.45524
-61.454174
-61.454174
Number of obs =
170
LR chi2(17)
=
47.23
Prob > chi2
=
0.0001
Pseudo R2
=
0.2776

61.454174
Err.

0.1393254
0.1365082
0.1405277
0.173203
0.1381179
0.1215868
0.1687393
0.1422228
0.1327397
0.1333511
0.1290677
0.1185366
0.1390673
0.1808368
0.1287247
0.143932
0.143334
0.1651055

P>z
3.33
1.28
0.21
-0.64
-0.38
1.78
1.97
0.78
-0.01
0.67
0.33
3.56
-0.25
-1.71
2.91
0.45
-1.5
-7.01

0.001
0.199
0.833
0.524
0.703
0.074
0.049
0.433
0.995
0.502
0.740
0.000
0.803
0.087
0.004
0.655
0.135
0.000

[95% Conf. Interval]


.190246 .7363917
-.0921738 .4429287
-.2457432 .3051152
-.4498767 .2290665
-.3234017 .2180107
-.0214383 .4551733
.0009473 .6623934
-.1673324 .3901707
-.2610158 .2593144
-.1719317 .3507951
-.2101376 .2957984
.1892375 .6538923
-.3072996 .2378344
-.6641016 .0447655
.1219513 .6265429
-.2177776 .3464257
-.4953692 .0664899
-1.481414 -.8342127

ith Nearest Neighbor Matching method

ndard errors

--------------------------------.
ATT Std. Err.
---------------------------------293.204

145.464

-2.016

--------------------------------rs of treated and controls refer to actual


r matches

ith the Radius Matching method


ndard errors

--------------------------------.
ATT Std. Err.
---------------------------------

-398.248

236.019

-1.687

--------------------------------rs of treated and controls refer to actual

ith the Kernel Matching method


ndard errors

--------------------------------.
ATT Std. Err.
---------------------------------327.839

136.931

-2.394

---------------------------------

ith the Radius Matching method

ndard errors

--------------------------------.
ATT Std. Err.
---------------------------------202.818

111.973

-1.811

--------------------------------rs of treated and controls refer to actual

. Interval]

6 .7363917
8 .4429287
2 .3051152
7 .2290665
7 .2180107
3 .4551733
3 .6623934
4 .3901707
8 .2593144
7 .3507951
6 .2957984
5 .6538923
6 .2378344
6 .0447655
3 .6265429
6 .3464257
2 .0664899
4 -.8342127

INFORMAL
The treatment is credin
credin |
Freq.
Percent
Cum.
------------+----------------------------------0|
155
91.18
91.18
1|
15
8.82
100.00
------------+----------------------------------Total |
170
100.00

Probit regression

Number of obs =
170
LR chi2(18)
=
16.68
Prob > chi2
=
0.5453
Pseudo R2
=
0.1644

Log likelihood = -42.395086


credin

Coef. Std.

oaosesc
oedadjh
ohorastrab
ocasado
osoltero
ozona
onegruc
osexo
onhogar
ovivpropia
otlf
ocomercio
otransalmco
omanufactura
oaosfun
oempleados
ocpropia
oempleadop
_cons

Err.

0.2351868
-0.103955
0.1059723
-0.1792762
-0.0470396
0.15042
-0.3967114
-0.0794929
-0.0596426
-0.4149637
-0.0452969
0.4262118
-1.120321 .
0.0743243
-0.4729887
-0.0486084
-0.0575154
0.0672017
-1.911382

0.1658992
0.1472157
0.1591221
0.1534523
0.1382102
0.1674449
0.1445165
0.1716155
0.1745048
0.1856291
0.156846
0.1575771
0.1577544
0.2278065
0.1645926
0.1589985
0.1246403
0.1995463

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------15

14

-57.236

123.647

-0.463

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches

ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------7

-207.246

357.501

-0.580

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius

ATT estimation with the Kernel Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------15

118

-58.659

86.948

-0.675

--------------------------------------------------------.
ATT estimation with the Radius Matching method

Bootstrapped standard errors


--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------13

58

-93.539

97.935

-0.955

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius

er of obs =
170
=
16.68
=
0.5453
seudo R2
=
0.1644
z

P>z
1.42
-0.71
0.67
-1.17
-0.34
0.9
-2.75
-0.46
-0.34
-2.24
-0.29
2.7

.
0.47
-2.08
-0.3
-0.36
0.54
-9.58

0.156
0.480
0.505
0.243
0.734
0.369
0.006
0.643
0.733
0.025
0.773
0.007
.
0.638
0.038
0.768
0.718
0.590
0.000

[95% Conf. Interval]


-.0899697
-.3924925
-.2059014
-.4800371
-.3179266
-.177766
-.6799586
-.4158531
-.4016657
-.77879
-.3527093
.1173664
.
.
-.2348686
-.9194813
-.371204
-.3691467
-.1770887
-2.302486

.5603432
.1845825
.417846
.1214847
.2238474
.4786059
-.1134643
.2568673
.2823805
-.0511375
.2621156
.7350572
.3835173
-.0264961
.2739871
.254116
.3114922
-1.520279

hing method

efer to actual

efer to actual

0.001

efer to actual

nuevo
The treatment is credito
credito |
Freq.
Percent
Cum.
------------+----------------------------------0|
121
71.60
71.60
1|
48
28.40
100.00
------------+----------------------------------Total |
169
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:
5:

log
log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=
=

Probit regression

Log likelihood = -80.038176

credito

Coef.

oaosesc
oedadjh
ohorastrab
ocasado
osoltero
ozona
onegruc
osexo
oviviendap~a
ocomercio
otransalmco
omanufactura
oaosfun
oempleados
ocpropia
oempleadop
_cons

0.4647381
0.1290967
0.1976041
-0.0309793
0.0175079
0.0870183
0.1628576
0.28605
0.0687795
0.0796719
0.3284005
0.0448462
-0.4729985
0.2173511
-0.0038741
-0.0636075
-0.7752407

-100.84458
-81.779656
-80.137885
-80.038725
-80.038176
-80.038176
Number of obs =
169
LR chi2(16)
=
41.61
Prob > chi2
=
0.0005
Pseudo R2
=
0.2063

Std. Err.
0.1226983
0.11396
0.1195476
0.1185795
0.1265342
0.1200355
0.1064732
0.1412692
0.1161345
0.1154345
0.1138825
0.1217754
0.1609007
0.1102626
0.122605
0.1045145
0.1351029

P>z
3.79
1.13
1.65
-0.26
0.14
0.72
1.53
2.02
0.59
0.69
2.88
0.37
-2.94
1.97
-0.03
-0.61
-5.74

[95% Conf.
0
0.257
0.098
0.794
0.89
0.468
0.126
0.043
0.554
0.49
0.004
0.713
0.003
0.049
0.975
0.543
0

0.2242538
-0.0942607
-0.0367048
-0.2633908
-0.2304945
-0.148247
-0.045826
0.0091674
-0.1588398
-0.1465755
0.105195
-0.1938292
-0.7883581
0.0012403
-0.2441755
-0.2684522
-1.040037

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------48

32

-196.429

67.408

-2.914

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches
ATT estimation with the Kernel Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------48

79

-219.373

55.609

-3.945

---------------------------------------------------------

ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------12

12

-135.107

131.159

-1.030

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius

ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
---------------------------------------------------------

40

60

-160.201

68.091

-2.353

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius

formal
The treatment is credf
credf |
Freq.
Percent
Cum.
------------+----------------------------------0|
121
78.57
78.57
1|
33
21.43
100.00
------------+----------------------------------Total |
154
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:
5:

log
log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=
=

Probit regression

Log likelihood = -60.856402

-80.015295
-61.789316
-60.878139
-60.856434
-60.856402
-60.856402
Number of obs =
154
LR chi2(15)
=
38.32
Prob > chi2
=
0.0008
Pseudo R2
=
0.2394

Interval]
credf
0.7052223
0.3524541
0.431913
0.2014322
0.2655102
0.3222835
0.3715413
0.5629326
0.2963989
0.3059192
0.551606
0.2835216
-0.157639
0.433462
0.2364274
0.1412371
-0.5104439

Coef.

oaosesc
oedadjh
ohorastrab
ocasado
osoltero
ozona
onegruc
osexo
oviviendap~a
ocomercio
otransalmco
omanufactura
oempleados
ocpropia
oempleadop
_cons

0.4149644
0.1778425
0.1152817
-0.0074769
-0.1059779
-0.0071245
0.2107613
0.2991512
0.0623595
0.0324819
0.3928731
0.0085995
0.2901531
0.0597487
-0.2059859
-1.00255

Std. Err.
0.1293039
0.1330291
0.1356209
0.1398297
0.187269
0.1366014
0.1217587
0.161465
0.134937
0.1280526
0.1206968
0.1392197
0.121685
0.1411189
0.1441862
0.1460772

z
3.21
1.34
0.85
-0.05
-0.57
-0.05
1.73
1.85
0.46
0.25
3.26
0.06
2.38
0.42
-1.43
-6.86

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------33

22

-164.167

86.314

-1.902

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches
ATT estimation with the Kernel Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------33

92

-241.278

79.684

-3.028

---------------------------------------------------------

ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------3

-52.551

91.782

-0.573

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius

ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
---------------------------------------------------------

21

58

-211.675

99.200

-2.134

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius

er of obs =
154
=
38.32
=
0.0008
seudo R2
=
0.2394

P>z

[95% Conf.
0.001
0.181
0.395
0.957
0.571
0.958
0.083
0.064
0.644
0.8
0.001
0.951
0.017
0.672
0.153
0

Interval]

0.1615334 0.6683954
-0.0828896 0.4385746
-0.1505303 0.3810937
-0.281538 0.2665842
-0.4730185 0.2610626
-0.2748584 0.2606093
-0.0278814
0.449404
-0.0173144 0.6156168
-0.2021122 0.3268311
-0.2184966 0.2834603
0.1563117 0.6294346
-0.2642662 0.2814652
0.051655 0.5286513
-0.2168393 0.3363366
-0.4885858 0.0766139
-1.288856 -0.7162435

hing method

efer to actual

efer to actual

efer to actual

credito

Freq.
0
1

Percent
130
52

Total
Iteration
Iteration
Iteration
Iteration
Iteration

71.43
28.57

182
0:00 log
1:00 log
2:00 log
3:00 log
4:00 log

Probit regressNumber of ob=


LR chi2(17) =
Prob > chi2 =
Log likelihoo Pseudo R2 =

credito

Coef.

osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
zona
onegruc
ocomercio
otransporte
omanufactura
oaosfun
oempleados
oambulante
ovivpropia
otelef
_cons

0.2762866
0.1444925
0.4801245
0.165368
-0.1187
0.1145265
0.2416537
-0.0138343
0.1538827
0.054986
0.3025731
0.0460622
-0.3649335
0.1603033
0.1168507
0.0807051
0.1129053
-0.7364049

Cum.
71.43
100

100
likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=

-108.88507
-85.683641
-84.195173
-84.135595
-84.135431

182
49.5
0.0001
0.2273

Std. Err.
0.1327916
0.1116362
0.122947
0.1168401
0.1131353
0.1092804
0.10398
0.2684891
0.1065391
0.1107619
0.1098512
0.1185235
0.1421022
0.1075667
0.108591
0.1151963
0.1186648
0.2087016

P>z
2.08
1.29
3.91
1.42
-1.05
1.05
2.32
-0.05
1.44
0.5
2.75
0.39
-2.57
1.49
1.08
0.7
0.95
-3.53

ATT estimation with Nearest Neighbor Matching method


(random draw version)

[95% Conf.
0.037
0.196
0
0.157
0.294
0.295
0.02
0.959
0.149
0.62
0.006
0.698
0.01
0.136
0.282
0.484
0.341
0

0.0160199
-0.0743105
0.2391529
-0.0636344
-0.3404411
-0.0996591
0.0378567
-0.5400632
-0.0549301
-0.1621034
0.0872688
-0.1862397
-0.6434487
-0.0505236
-0.0959838
-0.1450754
-0.1196734
-1.145452

Bootstrapped standard errors


n.

treat.

n.

contr.

52

ATT
26

Std. Err.
-167.935

56.364

ATT estimation with the Kernel Matching method


Bootstrapped standard errors
n.

treat.

n.

contr.

52

ATT
105

Std. Err.
-62.394

44.972

ATT estimation with the Radius Matching method


Bootstrapped standard errors
n.

treat.

n.

contr.

10

ATT
12

Std. Err.
-129.815

127.249

attr brecha credito, pscore(pnt) radius(0.01) comsup bootstrap reps (200)


ATT estimation with the Radius Matching method
Bootstrapped standard errors
n.

treat.

n.

contr.

41

ATT
72

Std. Err.
-142.916

44.975

ATT estimation with the Stratification method


Bootstrapped standard errors
n.

treat.

n.
49

contr.

ATT
108

Std. Err.
-52.597

conformacion del grupo de tratamiento y grupo de control en Azuay


credito
Freq.
Percent
Cum.
0
130.00
71.43
71.43
credito
1
52.00
28.57
100.00
0
130.00
78.31
78.31
credito formal
1
36.00
21.69
100.00
0
130.00
89.04
89.04
credito informal

50.228

credito informal

credito

credito
formal

credito
informal

16.00

10.96

100.00

estimaciones de impacto en Azuay


tratados
controles
ATT
Std. Err
vecino mas c
52
26
-167.935
56.364
kernel
52
105
-62.394
44.972
radius
41
72
-142.916
44.975
estratificado
41
72
-142.916
44.975
vecino mas c
36
24
-9.525
77.492
kernel
36
88
-74.048
51.720
radius
33
88
-88.370
56.372
estratificado
33
91
-73.705
57.617
vecino mas c
16
11
-28.214
99.756
kernel
16
87
-41.117
60.910
radius
16
87
-30.799
61.488
estratificado
16
87
-24.272
65.266

area de soporte comun


credito produ0.04665046, 0.98843742
credito produ0.04531497, 0.99190397
credito produc0.01657532, 0.43586589

credfor Freq. Percent


0
1
Total

Cum.
130
36

78.31
21.69

166

100

Iteration
0:00 log
Iteration
1:00 log
Iteration
2:00 log
Iteration
3:00 log
Iteration
4:00 log
Iteration
5:00 log
Probit regressNumber of ob=
LR chi2(17) =
Prob > chi2 =
Log likelihoo Pseudo R2 =

Interval]
0.5365533
0.3632955
0.7210962
0.3943704
0.1030411
0.3287122
0.4454507
0.5123947
0.3626955
0.2720753
0.5178775
0.2783641
-0.0864184
0.3711303
0.3296852
0.3064856
0.345484
-0.3273574

credfor

Coef.

osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
zona
onegruc
ocomercio
otransporte
omanufactura
oaosfun
oempleados
oambulante
ovivpropia
otelef
_cons

0.3164137
0.1653191
0.5482245
0.0811456
-0.1091751
0.1323531
0.3043742
-0.217301
0.1832989
0.0514109
0.3804802
-0.0280127
-0.2465645
0.217884
0.0878845
0.1393562
0.2675662
-0.9287838

ATT estimatioMatching
(random draw version)

78.31
100

likelihood
likelihood
likelihood
likelihood
likelihood
likelihood
166
48.02
0.0001
0.2766

Std. Err.
0.1598941
0.1369316
0.1445659
0.1402303
0.1326934
0.1297136
0.1189423
0.3132647
0.1220638
0.1268355
0.1222257
0.1427652
0.1630304
0.1200025
0.1262107
0.1335123
0.143585
0.2385646

method

z
1.98
1.21
3.79
0.58
-0.82
1.02
2.56
-0.69
1.5
0.41
3.11
-0.2
-1.51
1.82
0.7
1.04
1.86
-3.89

Bootstrapped standard errors


t

n.

treat.

-2.979

n.
36

contr.
24

-9.525

ATT estimation with the Kernel Matching method


Bootstrapped standard errors
t

n.

treat.

-1.387

n.

contr.

36

88

ATT estimation with the Radius


BootstrappedMatching
method
t

n.

treat.

-1.02

n.

contr.

33

88

t
-3.178

ATT estimation
method
Bootstrapped standard errors
t

n.
-1.047

treat.

n.
33

credito
osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero

contr.
91

estimacion del PSM en Azuay


credito
credito formal
0.276
0.316
0.144
0.165
0.480
0.548
0.165
0.081
-0.119
-0.109
0.115
0.132

t
-2.979
-1.387
-3.178
-3.178
-0.123
-1.432
-1.568
-1.279
-0.283
-0.675
-0.501
-0.372

opatrono
zona
onegruc
ocomercio
otransporte
omanufactura
oaosfun
oempleados
oambulante
ovivpropia
otelef
_cons
Pseudo R2
Log likelihood
LR chi2(17)
Prob > chi2

0.242
-0.014
0.154
0.055
0.303
0.046
-0.365
0.160
0.117
0.081
0.113
-0.736
0.227
-84.135
49.500
0.000

0.304
-0.217
0.183
0.051
0.380
-0.028
-0.247
0.218
0.088
0.139
0.268
-0.929
0.277
-62.793
48.020
0.000

credinf Freq. Percent


0
1

=
=
=
=
=
=

-86.803813
-64.526735
-62.900838
-62.794277
-62.793367
-62.793367

P>z

[95% Conf.
0.048
0.227
0
0.563
0.411
0.308
0.01
0.488
0.133
0.685
0.002
0.844
0.13
0.069
0.486
0.297
0.062
0

Interval]

0.0030271 0.6298004
-0.1030619 0.4337001
0.2648805 0.8315684
-0.1937008
0.355992
-0.3692493 0.1508992
-0.1218809 0.3865871
0.0712516 0.5374968
-0.8312884 0.3966864
-0.0559417 0.4225396
-0.197182 0.3000039
0.1409222 0.6200381
-0.3078273
0.251802
-0.5660982 0.0729693
-0.0173166 0.4530847
-0.159484
0.335253
-0.1223231 0.4010354
-0.0138552 0.5489877
-1.396362 -0.4612057

130
16

Total
Iteration
Iteration
Iteration
Iteration
Iteration
Iteration
Iteration
Iteration
Iteration
Iteration
Iteration
Iteration
Iteration
Iteration
Iteration
Iteration
Iteration
Iteration
Iteration

146
0:00
1:00
2:00
3:00
4:00
5:00
6:00
7:00
8:00
9:00
10:00
11:00
12:00
13:00
14:00
15:00
16:00
17:00
18:00

Probit regressNumber of ob
LR chi2(17) =
Prob > chi2 =
Log likelihoo Pseudo R2

credinf

Coef.

osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
zona
onegruc
ocomercio
otransporte
omanufactura

0.1854297
0.0632259
0.3589051
0.2445677
-0.1671261
0.0651543
0.1360201
0.2279654
-0.1268622
0.2798766
-0.6045435
0.0837865

ATT

Std. Err.
77.492

oaosfun
oempleados
oambulante
ovivpropia
otelef
_cons

-0.123

-0.5994284
0.0545816
0.2693338
-0.0638491
-0.1217791
-1.874259

ATT estimation with Nearest Neighbor


(random draw version)
Bootstrapped standard errors
ATT

Std. Err.

t
n.

-74.048

51.72

treat.

-1.432
16

ATT

Std. Err.
-88.37

ATT estimation with the Kernel


Bootstrapped standard errors

56.372

-1.568

n.

treat.
16

ATT estimation with the Radius


Bootstrapped standard errors

n.

treat.
16

ATT

Std. Err.
-73.705

57.617

ATT estimation
method
Bootstrapped standard errors

t
-1.279

n.

treat.
16

en Azuay
credito informal
0.185
0.063
0.359
0.245
-0.167
0.065

0.037
0.196
0.000
0.157
0.294
0.295

0.048
0.227
0.000
0.563
0.411
0.308

0.374
0.686
0.060
0.152
0.295
0.649

0.136
0.228
-0.127
0.280
-0.605
0.084
-0.599
0.055
0.269
-0.064
-0.122
-1.874
0.220
-39.352
22.230
0.176

0.020
0.959
0.149
0.620
0.006
0.698
0.010
0.136
0.282
0.484
0.341
0.000

0.010
0.488
0.133
0.685
0.002 .
0.844
0.130
0.069
0.486
0.297
0.062
0.000

0.326
0.600
0.406
0.104
0.624
0.027
0.753
0.100
0.715
0.513
0.000

Cum.
89.04
10.96

89.04
100

100
log
log
log
log
log
log
log
log
log
log
log
log
log
log
log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood
likelihood
likelihood
likelihood
likelihood
likelihood
likelihood
likelihood
likelihood
likelihood
likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=
=
=
=
=
=
=
=
=
=
=
=
=
=
=

-50.465669
-40.738824
-39.531179
-39.364221
-39.354508
-39.352792
-39.352249
-39.352072
-39.352014
-39.351994
-39.351987
-39.351985
-39.351984
-39.351984
-39.351984
-39.351984
-39.351984
-39.351984
-39.351984

146
22.23
0.1761

0.2202

Std. Err.

0.2084388
0.1561952
0.1905994
0.1705955
0.1597052
0.1432298
0.1386132
0.4341228
0.1526633
0.1720152
.

P>z
0.89
0.4
1.88
1.43
-1.05
0.45
0.98
0.53
-0.83
1.63

.
0.1709503

0.374
0.686
0.06
0.152
0.295
0.649
0.326
0.6
0.406
0.104
.

0.49

[95% Conf.
-0.2231028
-0.242911
-0.0146628
-0.0897933
-0.4801426
-0.215571
-0.1356567
-0.6228997
-0.4260767
-0.057267

Interval]
0.5939623
0.3693628
0.732473
0.5789287
0.1458904
0.3458796
0.4076969
1.078831
0.1723524
0.6170202

.
.
0.624 -0.2512699 0.4188429

0.270623
0.1737856
0.1636897
0.1746201
0.1859835
0.3772671

-2.21
0.31
1.65
-0.37
-0.65
-4.97

0.027
-1.12984 -0.0690171
0.753 -0.2860319 0.3951951
0.1
-0.051492 0.5901597
0.715 -0.4060983 0.2784001
0.513 -0.4863001 0.2427418
0
-2.613689
-1.134829

ith Nearest Neighbor

ndard errors
n.

contr.

ATT

11

Std. Err.

-28.214

99.756

-0.283

ith the Kernel


ndard errors
n.

contr.

ATT
87

Std. Err.
-41.117

60.91

-0.675

ith the Radius


ndard errors

n.

contr.
87

ATT

-30.799

Std. Err.
61.488

-0.501

ndard errors
n.

contr.

ATT
87

Std. Err.
-24.272

65.266

t
-0.372

total
The treatment is credito
credito |
Freq.
Percent
Cum.
------------+----------------------------------0|
135
57.69
57.69
1|
99
42.31
100.00
------------+----------------------------------Total |
234
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:

log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=

Probit regression

Log likelihood = -130.52547

credito

-159.41618
-131.28341
-130.52805
-130.52547
-130.52547
Number of obs =
234
LR chi2(16)
=
57.78
Prob > chi2
=
0.0000
Pseudo R2
=
0.1812

Coef.

oaosesc
oedadjh
ohorastrab
ocasado
osoltero
ozona
onegruc
osexo
oviviendap~a
ocomercio
otransalmco
omanufactura
oaosfun
oempleados
ocpropia
oempleadop
_cons

Std. Err.
0.2537561
-0.1573643
0.1346301
-0.1424129
0.1266921
-0.0473999
0.1901855
-0.0096237
0.0229708
0.0887325
0.3520774
0.2021825
-0.1319165
0.2902842
-0.1648663
-0.1628513
-0.2376136

0.0909302
0.0916981
0.0912236
0.0904019
0.0877522
0.0912783
0.0889861
0.0871809
0.0894532
0.0895223
0.0922932
0.0911106
0.0908131
0.0895744
0.0921826
0.089961
0.0908076

z
2.79
-1.72
1.48
-1.58
1.44
-0.52
2.14
-0.11
0.26
0.99
3.81
2.22
-1.45
3.24
-1.79
-1.81
-2.62

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------99

52

65.874

76.563

0.860

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches

ATT estimation with the Kernel Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------99

125

13.265

64.655

0.205

-------------------------------------------------------

ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------16

15

52.282

219.560

0.238

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius

tratados
vecino mas c
kernel
radius
vecino mas c
kernel

controles
99
99
16
79
79

ATT
52
125
15
43
121

65.874
13.265
52.282
23.618
-45.958

radius
vecino mas c
kernel
radius

16
20
20
7

18
9
64
25

30.087
-37.854
-2.112
176.645

formal
The treatment is credf
credf |
Freq.
Percent
Cum.
------------+----------------------------------0|
135
63.08
63.08
1|
79
36.92
100.00
------------+----------------------------------Total |
214
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:

log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=

Probit regression

0.1812

Log likelihood = -113.40973

P>z

[95% Conf.
0.005
0.086
0.14
0.115
0.149
0.604
0.033
0.912
0.797
0.322
0
0.026
0.146
0.001
0.074
0.07
0.009

Interval]

0.0755362 0.4319759
-0.3370892 0.0223607
-0.0441648 0.3134249
-0.3195974 0.0347715
-0.045299 0.2986833
-0.226302 0.1315022
0.0157759
0.364595
-0.180495 0.1612477
-0.1523543 0.1982959
-0.086728 0.2641931
0.1711861 0.5329687
0.0236091
0.380756
-0.309907
0.046074
0.1147215 0.4658468
-0.345541 0.0158083
-0.3391715
0.013469
-0.4155933 -0.0596339

credf

Coef.

oaosesc
oedadjh
ohorastrab
ocasado
osoltero
ozona
onegruc
osexo
oviviendap~a
ocomercio
otransalmco
omanufactura
oempleados
ocpropia
oempleadop
_cons

0.2156083
-0.1249038
0.033238
-0.1002227
0.1504094
-0.0607229
0.2600719
-0.038797
0.1031696
0.2028127
0.391434
0.3483873
0.2274978
-0.128509
-0.1051085
-0.4360463

-140.92039
-114.37524
-113.41888
-113.40974
-113.40973

Number of
LR chi2(15)
=
Prob > chi2
=
Pseud

ATT estimation with Nearest Neighbor Matching


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------79

43

23.618

105.683

0.223

--------------------------------------------------------Note: the numbers of treated and controls refer


nearest neighbour matches

ATT estimation with the Kernel Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------79

121

-45.958

67.977

-0.676

---------------------------------------------------------

ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------16

18

30.087

150.985

0.199

--------------------------------------------------------Note: the numbers of treated and controls refer


matches within radius

Std. Err
t
76.563
64.655
219.56
105.683
67.977

0.86
0.205
0.238
0.223
0.676

150.985
99.086
84.496
147.47

0.199
-0.382
-0.025
1.198

q.
Percent
Cum.
-------------------------5
63.08
63.08
36.92
100.00
-------------------------4
100.00

propensity score

ikelihood
ikelihood
ikelihood
ikelihood
ikelihood

=
=
=
=
=

113.40973

-140.92039
-114.37524
-113.41888
-113.40974
-113.40973
Number of obs =
214
LR chi2(15)
=
55.02
Prob > chi2
=
0.0000
Pseudo R2
=
0.1952

Std. Err.
0.0975131
0.096924
0.0981233
0.0971316
0.0899682
0.0970145
0.0950439
0.0939118
0.0964978
0.0978211
0.0954253
0.1048261
0.0952721
0.0998005
0.0973088
0.1004286

P>z
2.21
-1.29
0.34
-1.03
1.67
-0.63
2.74
-0.41
1.07
2.07
4.1
3.32
2.39
-1.29
-1.08
-4.34

[95% Conf.
0.027
0.198
0.735
0.302
0.095
0.531
0.006
0.68
0.285
0.038
0
0.001
0.017
0.198
0.28
0

Interval]

0.0244861 0.4067305
-0.3148713 0.0650637
-0.1590802 0.2255562
-0.2905972 0.0901518
-0.025925 0.3267438
-0.2508679 0.1294221
0.0737892 0.4463545
-0.2228607 0.1452667
-0.0859627 0.2923019
0.0110868 0.3945386
0.2044038 0.5784641
0.1429319 0.5538426
0.0407679 0.4142276
-0.3241145 0.0670964
-0.2958303 0.0856133
-0.6328827 -0.2392099

ith Nearest Neighbor Matching method

ndard errors

--------------------------------.
ATT Std. Err.
--------------------------------23.618

105.683

0.223

--------------------------------rs of treated and controls refer to actual


r matches

ith the Kernel Matching method


ndard errors

--------------------------------.
ATT Std. Err.
---------------------------------45.958

67.977

-0.676

---------------------------------

ith the Radius Matching method


ndard errors

--------------------------------.
ATT Std. Err.
--------------------------------30.087

150.985

0.199

--------------------------------rs of treated and controls refer to actual

The treatment is credin


credin |
Freq.
Percent
Cum.
------------+----------------------------------0|
135
87.10
87.10
1|
20
12.90
100.00
------------+----------------------------------Total |
155
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:
5:

log
log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=
=

Probit regression

Log likelihood = -33.856802

credin

Coef.

oaosesc
oedadjh
ohorastrab
ocasado
osoltero
ozona
onegruc
osexo
oviviendap~a
ocomercio
otransalmco
omanufactura
oempleados
ocpropia
oempleadop
_cons

0.446292
-0.4537946
0.6865051
-0.3835298
0.2065439
-0.0596486
-0.1410314
0.227243
-0.1764917
-0.2739114
0.3303402
-0.1928889
0.5203217
-0.3351064
-0.5184416
-1.974772

-59.604153
-38.703826
-34.63904
-33.888388
-33.856878
-33.856802
Number of obs =
155
LR chi2(15)
=
51.49
Prob > chi2
=
0.0000
Pseudo R2
=
0.4320

Std. Err.
0.2024821
0.2338981
0.2190604
0.1875618
0.1772543
0.2007
0.1829923
0.1872033
0.1846607
0.1890534
0.1474961
0.1759186
0.1677661
0.1951321
0.1934078
0.2980846

P>z
2.2
-1.94
3.13
-2.04
1.17
-0.3
-0.77
1.21
-0.96
-1.45
2.24
-1.1
3.1
-1.72
-2.68
-6.62

0.028
0.052
0.002
0.041
0.244
0.766
0.441
0.225
0.339
0.147
0.025
0.273
0.002
0.086
0.007
0

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------20

-37.854

99.086

-0.382

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches
ATT estimation with the Kernel Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------20

64

-2.112

84.496

-0.025

---------------------------------------------------------

ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------2

104.332

76.068

1.372

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius
ATT estimation with the Radius Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
---------------------------------------------------------

25

176.645

147.470

1.198

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius

[95% Conf.

Interval]

0.0494343 0.8431497
-0.9122265 0.0046373
0.2571545
1.115856
-0.7511441 -0.0159154
-0.1408681 0.5539559
-0.4530133 0.3337161
-0.4996897
0.217627
-0.1396687 0.5941546
-0.5384199 0.1854366
-0.6444492 0.0966264
0.0412532 0.6194272
-0.5376831 0.1519052
0.1915062 0.8491372
-0.7175584 0.0473455
-0.897514 -0.1393692
-2.559007
-1.390537

total
The treatment is credito
credito |
Freq.
Percent
Cum.
------------+----------------------------------0|
138
57.26
57.26
1|
103
42.74
100.00
------------+----------------------------------Total |
241
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:

log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=

Probit regression

Log likelihood = -135.43937

credito

Coef.

osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
zona
onegruc
ocomercio
otransporte
omanufactura
oaosfun
oempleados
oambulante
ovivpropia
otelef
_cons

0.0006535
-0.1437271
0.2607004
0.1601351
-0.1330647
0.0960036
0.215911
-0.1198786
0.2144448
0.0969246
0.3058473
0.163567
-0.136607
0.3008078
-0.0447597
0.0370544
0.1441492
-0.1117567

-164.49797
-136.15694
-135.44124
-135.43937
-135.43937
Number of obs =
241
LR chi2(17)
=
58.12
Prob > chi2
=
0.0000
Pseudo R2
=
0.1767

Std. Err.
0.0865279
0.0902648
0.0924632
0.0903407
0.0887602
0.087411
0.087901
0.2801478
0.0876852
0.0879404
0.090195
0.0894792
0.0896989
0.0885504
0.0892908
0.0881984
0.0887447
0.259067

P>z
0.01
-1.59
2.82
1.77
-1.5
1.1
2.46
-0.43
2.45
1.1
3.39
1.83
-1.52
3.4
-0.5
0.42
1.62
-0.43

0.994
0.111
0.005
0.076
0.134
0.272
0.014
0.669
0.014
0.27
0.001
0.068
0.128
0.001
0.616
0.674
0.104
0.666

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------103

49

-64.443

147.399

-0.437

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches
ATT estimation with the Kernel Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------103

131

8.300

111.932

0.074

--------------------------------------------------------0.001 ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------26

29

0.029

250.641

0.000

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius
0.01 ATT estimation with the Radius Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------70

108

-109.862

103.354

-1.063

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius
ATT estimation with the Stratification method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------103

131

-58.697

106.475

-0.551

---------------------------------------------------------

estimaciones de imp

credito

credito
formal

credito
informal

vecino mas c
kernel
radius
estratificado
vecino mas c
kernel
radius
estratificado
vecino mas c
kernel
radius
estratificado

conformacion del grupo de tratamiento y grupo de control en Pichincha


cedito
frecuencia
porcentaje cum
0
138
57.26
57.26
credito
1
103
42.74
100
0
138
62.73
62.73
credito formal
1
82
37.27
100
0
138
86.79
86.79
credito informal
1
21
13.21
100

area de soporte comun


credito produ0.7382427, 0.96389024
credito produ0.03089109, 0.9486783
credito produc0.00646165, 0.82751782

FORMAL
The treatment is credfor
credfor |
Freq.
Percent
Cum.
------------+----------------------------------0|
138
62.73
62.73
1|
82
37.27
100.00
------------+----------------------------------Total |
220
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:

log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=

Probit regression

0.1767

[95% Conf.
-0.1689381
-0.3206429
0.0794758
-0.0169295
-0.3070314
-0.0753189
0.0436282
-0.6689582
0.0425851
-0.0754355
0.1290685
-0.0118092
-0.3124136
0.1272522
-0.2197665
-0.1358112
-0.0297873
-0.6195186

Log likelihood = -114.38177

Interval]
0.1702451
0.0331888
0.4419249
0.3371997
0.0409021
0.267326
0.3881938
0.4292011
0.3863046
0.2692846
0.4826262
0.3389431
0.0391996
0.4743634
0.1302471
0.20992
0.3180856
0.3960053

credfor

Coef.

osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
zona
onegruc
ocomercio
otransporte
omanufactura
oaosfun
oempleados
oambulante
ovivpropia
otelef
_cons

-0.0322318
-0.1003061
0.2387012
0.0597983
-0.1091317
0.1134578
0.2270258
-0.2061799
0.2917916
0.2210726
0.3720109
0.3274494
-0.1224351
0.2614345
-0.0961143
0.1042157
0.160124
-0.2532622

-145.28607
-115.68373
-114.39608
-114.38177
-114.38177

Number of
LR chi2(17)
=
Prob > chi2
=
Pseud

ATT estimation with Nearest Neighbor Matching


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------82

39

-123.901

125.630

-0.986

--------------------------------------------------------Note: the numbers of treated and controls refer


nearest neighbour matches

ATT estimation with the Kernel Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------82

127

-62.755

104.910

-0.598

---------------------------------------------------------

ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------16

18

-60.781

323.833

-0.188

--------------------------------------------------------Note: the numbers of treated and controls refer


matches within radius

ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------60

89

-130.298

90.840

-1.434

--------------------------------------------------------Note: the numbers of treated and controls refer


matches within radius
ATT estimation with the Stratification method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------82

estimaciones de impacto en Pichincha


tratados
controles
ATT
Std.
103
49
-64.443
103
131
-37.188
70
108
-109.862
103
131
-58.697
82
39
-123.901
82
127
-62.755
60
89
-130.298
82
127
-37.188
21
14
23.139
21
105
-2323.000
8
48
110.539
15
111
144.096

a de soporte comun
382427, 0.96389024
3089109, 0.9486783
0646165, 0.82751782

Err
t
147.399
121.414
103.345
106.475
125.630
104.910
90.840
121.414
187.520
148.770
160.258
101.200

127

-0.074
-0.306
-1.063
-0.551
-0.986
-0.598
-1.434
-0.306
0.123
-0.016
0.690
1.424

-37.188

121.414

-0.306

eq.
Percent
Cum.
-------------------------8
62.73
62.73
37.27
100.00
-------------------------0
100.00

propensity score

ikelihood
ikelihood
ikelihood
ikelihood
ikelihood

=
=
=
=
=

114.38177

-145.28607
-115.68373
-114.39608
-114.38177
-114.38177
Number of obs =
220
LR chi2(17)
=
61.81
Prob > chi2
=
0.0000
Pseudo R2
=
0.2127

Std. Err.
0.0941076
0.0965679
0.0998732
0.0977209
0.0965509
0.0909812
0.0943901
0.2965648
0.0947042
0.0974018
0.095277
0.1046352
0.0956778
0.0962971
0.1011527
0.0961758
0.0985674
0.2733445

P>z
-0.34
-1.04
2.39
0.61
-1.13
1.25
2.41
-0.7
3.08
2.27
3.9
3.13
-1.28
2.71
-0.95
1.08
1.62
-0.93

[95% Conf.
0.732
0.299
0.017
0.541
0.258
0.212
0.016
0.487
0.002
0.023
0
0.002
0.201
0.007
0.342
0.279
0.104
0.354

-0.2166794
-0.2895757
0.0429534
-0.1317311
-0.2983681
-0.064862
0.0420246
-0.7874362
0.1061748
0.0301686
0.1852713
0.1223681
-0.3099601
0.0726956
-0.2943699
-0.0842853
-0.0330646
-0.7890075

Interval]
0.1522157
0.0889636
0.434449
0.2513277
0.0801047
0.2917777
0.4120269
0.3750764
0.4774084
0.4119767
0.5587504
0.5325307
0.06509
0.4501734
0.1021413
0.2927168
0.3533125
0.2824831

ith Nearest Neighbor Matching method

ndard errors

--------------------------------.
ATT Std. Err.
---------------------------------123.901

125.630

-0.986

--------------------------------rs of treated and controls refer to actual


r matches

ith the Kernel Matching method


ndard errors

--------------------------------.
ATT Std. Err.
---------------------------------62.755

104.910

-0.598

---------------------------------

ith the Radius Matching method


ndard errors

--------------------------------.
ATT Std. Err.
---------------------------------60.781

323.833

-0.188

--------------------------------rs of treated and controls refer to actual

ith the Radius Matching method


ndard errors

--------------------------------.
ATT Std. Err.
---------------------------------130.298

90.840

-1.434

--------------------------------rs of treated and controls refer to actual

ith the Stratification method


ndard errors

--------------------------------.
ATT Std. Err.
---------------------------------37.188

121.414

-0.306

estimacion del PSM en Pichincha


credito
credito formalcredito informal
osexo
0.001
-0.032
0.195
oedadjh
-0.144
-0.100
-0.472
oaosesc
0.261
0.239
0.413
ohorastrab
0.160
0.060
0.571
ocasado
-0.133
-0.109
-0.236
osoltero
0.096
0.113
0.167
opatrono
0.216
0.227
0.188
zona
-0.120
-0.206
0.224
onegruc
0.214
0.292
-0.051
ocomercio
0.097
0.221
-0.266
otransporte
0.306
0.372
0.179
omanufactura
0.164
0.327
-0.209
oaosfun
-0.137
-0.122
-0.147
oempleados
0.301
0.261
0.370
oambulante
-0.045
-0.096
0.052
ovivpropia
0.037
0.104
-0.037
otelef
0.144
0.160
0.085
_cons
-0.112
-0.253
-1.838
Pseudo R2
0.177
0.213
0.329
Log likelihood
-135.439
-114.382
-41.625
LR chi2(17)
58.120
61.810
40.870
Prob > chi2
0.000
0.000
0.001

0.994
0.111
0.005
0.076
0.134
0.272
0.014
0.669
0.014
0.270
0.001
0.068
0.128
0.001
0.616
0.674
0.104
0.666

0.732
0.299
0.017
0.541
0.258
0.212
0.016
0.487
0.002
0.023
0.000
0.002
0.201
0.007
0.342
0.279
0.104
0.354

INFORMAL
The treatment is credinf
credinf |
Freq.
Percent
Cum.
------------+----------------------------------0|
138
86.79
86.79
1|
21
13.21
100.00
------------+----------------------------------Total |
159
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:
5:

log
log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=
=

Probit regression

Log likelihood = -41.624659


credinf

Coef.

osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
zona
onegruc
ocomercio
otransporte
omanufactura
oaosfun
oempleados
oambulante
ovivpropia
otelef
_cons

0.1948136
-0.472197
0.4128594
0.5709186
-0.2357629
0.1667511
0.1881542
0.2240606
-0.0508356
-0.2664762
0.1794478
-0.2088458
-0.1474194
0.369519
0.0524538
-0.0365199
0.0848237
-1.838094

-62.059788
-44.281685
-41.928001
-41.630879
-41.624662
-41.624659
Number of obs =
159
LR chi2(17)
=
40.87
Prob > chi2
=
0.0010
Pseudo R2
=
0.3293

Std. Err.
0.1675358
0.2186324
0.1966743
0.1942068
0.1633362
0.1632965
0.1338943
0.6445002
0.1632417
0.1693244
0.1302825
0.1629786
0.1986061
0.1387191
0.1564169
0.1662776
0.1523348
0.6261453

P>z
1.16
-2.16
2.1
2.94
-1.44
1.02
1.41
0.35
-0.31
-1.57
1.38
-1.28
-0.74
2.66
0.34
-0.22
0.56
-2.94

0.245
0.031
0.036
0.003
0.149
0.307
0.16
0.728
0.755
0.116
0.168
0.2
0.458
0.008
0.737
0.826
0.578
0.003

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------21

14

23.139

187.520

0.123

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches
ATT estimation with the Kernel Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------21

105

-2.323

148.770

-0.016

--------------------------------------------------------ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------5

59.565

72.604

0.820

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius
ATT estimation with the Radius Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------8

48

110.539

160.258

0.690

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius
ATT estimation with the Stratification method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------15

0.245
0.031
0.036
0.003
0.149
0.307
0.160
0.728
0.755
0.116
0.168
0.200
0.458
0.008
0.737
0.826
0.578
0.003

111

144.096

101.200

1.424

0.3293
[95% Conf.

Interval]

-0.1335506 0.5231777
-0.9007086 -0.0436853
0.0273849 0.7983339
0.1902803 0.9515569
-0.555896 0.0843701
-0.1533042 0.4868064
-0.0742738 0.4505822
-1.039137
1.487258
-0.3707834 0.2691123
-0.5983458 0.0653934
-0.0759013 0.4347969
-0.5282779 0.1105863
-0.5366803 0.2418415
0.0976346 0.6414034
-0.2541177 0.3590253
-0.3624181 0.2893783
-0.2137471 0.3833944
-3.065317 -0.6108722

The treatment is credito


credito |
Freq.
Percent
Cum.
------------+----------------------------------0|
238
79.60
79.60
1|
61
20.40
100.00
------------+----------------------------------Total |
299
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:

log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=

Probit regression

Log likelihood = -131.92521

credito

Coef.

osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
zona
onegruc
ocomercio
otransporte
omanufactura
oaosfun
oempleados
oambulante
ovivpropia
otelef
_cons

-0.0024817
-0.2273368
0.1673011
0.130876
-0.1006203
0.0544128
0.171125
0.1277573
-0.0053122
0.2386829
0.1259524
0.0926901
-0.1068944
0.2838183
0.0107091
0.041146
0.0738729
-1.052202

-151.2689
-132.56631
-131.92935
-131.92521
-131.92521
Number of obs =
299
LR chi2(17)
=
38.69
Prob > chi2
=
0.0020
Pseudo R2
=
0.1279

Std. Err.
0.0898555
0.0946019
0.0930292
0.092911
0.0896005
0.0854527
0.0792971
0.2468852
0.0875521
0.0881907
0.0762745
0.09624
0.0985661
0.0807943
0.0904259
0.0872392
0.0905934
0.2150968

P>z
-0.03
-2.4
1.8
1.41
-1.12
0.64
2.16
0.52
-0.06
2.71
1.65
0.96
-1.08
3.51
0.12
0.47
0.82
-4.89

0.978
0.016
0.072
0.159
0.261
0.524
0.031
0.605
0.952
0.007
0.099
0.335
0.278
0
0.906
0.637
0.415
0

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------61

45

-0.816

3.627

-0.225

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches
ATT estimation with the Kernel Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------61

206

0.420

2.575

0.163

--------------------------------------------------------0.001 ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------29

39

1.156

4.812

0.240

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius
ATT estimation with the Radius Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------55

201

1.186

2.688

0.441

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius
ATT estimation with the Stratification method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------61

206

0.574

2.680

0.214

---------------------------------------------------------

nformacion del grupo de tratamiento y grupo de control bajo y sobre el umbral


cedito
frecuencia
porcentaje cum
No
238 79.60
79.60
accedieron a credito, bajo
Si umbral
61 20.40
100.00
No
435 63.78
63.78
ccedieron a credito, sobre
Si umbral
247 36.22
100.00

estimaciones de impacto bajo y sobre el umbral


tratados
controles
ATT
Std. Err
vecino mas c
61
45 -0.816
3627.000
61
206 0.420
2,575
accedieron a kernel
radius
29
39
1.156
4.812
credito, bajo
umbral
estratificado
61
206 0.574
2.680
247
145
-43.051
77.777
accedieron a vecino mas c
kernel
247
419
-82.516
57.181
credito,
radius
156
196
-100.358
78.665
sobre
umbral
estratificado
247
419
-61.915
65.230

area de soporte comun


accedieron a 0.5354143, 0.7528245
accedieron a 0.6499959, 0.82820474

The treatment is credito


credito |
Freq.
Percent
Cum.
------------+----------------------------------0|
435
63.78
63.78
1|
247
36.22
100.00
------------+----------------------------------Total |
682
100.00

Estimation of the propensity score


Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:

log
log
log
log

likelihood
likelihood
likelihood
likelihood

=
=
=
=

-446.47578
-396.51334
-395.62993
-395.62878

Probit regression

Log likelihood = -395.62878

Number of obs =
6
LR chi2(17)
=
101.69
Prob > chi2
=
0.0000
Pseudo R2
=

0.1279
credito
[95% Conf.

Coef.

Std. Err.

Interval]

-0.1785952 0.1736319
-0.4127532 -0.0419204
-0.0150329
0.349635
-0.0512262 0.3129783
-0.2762342 0.0749935
-0.1130715
0.221897
0.0157054 0.3265445
-0.3561289 0.6116434
-0.1769111 0.1662868
0.0658322 0.4115335
-0.0235429 0.2754478
-0.0959369
0.281317
-0.3000804 0.0862916
0.1254644 0.4421722
-0.1665224 0.1879406
-0.1298397 0.2121316
-0.1036869 0.2514327
-1.473784 -0.6306196

osexo
oedadjh
oaosesc
ohorastrab
ocasado
osoltero
opatrono
zona
onegruc
ocomercio
otransporte
omanufactura
oaosfun
oempleados
oambulante
ovivpropia
otelef
_cons

-0.024353
-0.1000079
0.21811
0.2546187
-0.0124949
0.055584
0.1497323
-0.1523383
0.1507948
0.1157748
0.1745163
0.1506412
-0.1760703
0.1260035
-0.0635818
0.0684844
0.048264
-0.2677571

0.0517658
0.0525817
0.0528615
0.0532195
0.052169
0.0506012
0.0506765
0.1794645
0.0505156
0.0517779
0.0508866
0.053626
0.0540557
0.0508919
0.0527487
0.0522622
0.0515935
0.1697132

ATT estimation with Nearest Neighbor Matching method


(random draw version)
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------247

145

-43.051

77.777

-0.554

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


nearest neighbour matches
ATT estimation with the Kernel Matching method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------247

419

-82.516

57.181

-1.443

--------------------------------------------------------ATT estimation with the Radius Matching method


Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------156

196

-100.358

78.665

-1.276

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius
ATT estimation with the Radius Matching method
Analytical standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------243

412

-153.950

46.073

-3.341

--------------------------------------------------------Note: the numbers of treated and controls refer to actual


matches within radius
ATT estimation with the Stratification method
Bootstrapped standard errors
--------------------------------------------------------n. treat. n. contr.
ATT Std. Err.
--------------------------------------------------------247

419

-61.915

65.230

-0.949

---------------------------------------------------------

ral
t
-0.225
0.163
0.240
0.214
-0.554
-1,443
-1,276
-0.949

estimacion del PSM en bajo y sobre el umbral


bajo umbral sobre umbral
osexo
-0.0025
-0.0244
0.9780
oedadjh
-0.2273
-0.1000
0.0160
oaosesc
0.1673
0.2181
0.0720
ohorastrab
0.1309
0.2546
0.1590
ocasado
-0.1006
-0.0125
0.2610
osoltero
0.0544
0.0556
0.5240
opatrono
0.1711
0.1497
0.0310
zona
0.1278
-0.1523
0.6050
onegruc
-0.0053
0.1508
0.9520
ocomercio
0.2387
0.1158
0.0070
otransporte
0.1260
0.1745
0.0990
omanufactura
0.0927
0.1506
0.3350
oaosfun
-0.1069
-0.1761
0.2780
oempleados
0.2838
0.1260
0.0000
oambulante
0.0107
-0.0636
0.9060
ovivpropia
0.0411
0.0685
0.6370
otelef
0.0739
0.0483
0.4150
_cons
-1.0522
-0.2678
0.0000
Pseudo R2
0.1279
0.1139
Log likelihood -131.9252
-395.6288
LR chi2(17) 38.69
101.69
Prob > chi2 0.0020
0.0000

Number of obs =
682
chi2(17)
=
101.69
b > chi2
=
0.0000
Pseudo R2
=
0.1139

P>z
-0.47
-1.9
4.13
4.78
-0.24
1.1
2.95
-0.85
2.99
2.24
3.43
2.81
-3.26
2.48
-1.21
1.31
0.94
-1.58

[95% Conf.
0.638
0.057
0
0
0.811
0.272
0.003
0.396
0.003
0.025
0.001
0.005
0.001
0.013
0.228
0.19
0.35
0.115

Interval]

-0.1258121
0.077106
-0.2030661 0.0030502
0.1145034 0.3217166
0.1503103 0.3589271
-0.1147443 0.0897545
-0.0435926 0.1547606
0.0504083 0.2490563
-0.5040823 0.1994057
0.051786 0.2498035
0.014292 0.2172576
0.0747804 0.2742523
0.0455361 0.2557463
-0.2820175 -0.0701231
0.0262573 0.2257497
-0.1669673 0.0398037
-0.0339476 0.1709164
-0.0528574 0.1493854
-0.6003889 0.0648746

bor Matching method

Err.

.777

-0.554

controls refer to actual

tching method

Err.

.181

-1.443

tching method

Err.

8.665

-1.276

controls refer to actual

tching method

Err.

6.073

-3.341

controls refer to actual

on method

Err.

.230

-0.949

0.6380
0.0570
0.0000
0.0000
0.8110
0.2720
0.0030
0.3960
0.0030
0.0250
0.0010
0.0050
0.0010
0.0130
0.2280
0.1900
0.3500
0.1150

Iteration
Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:
5:

log
log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=
=

Logistic regression

Log likelihood = -477.51951

pobre
sexo
edadjh
blanco
indigena
negro
casado
soltero
patrono
agricultor
aosesc
nhogar
horastrab
zona
credito
negruc
aosfun
empleados
comercio
manufactura
transporte
vivpropia
_cons

Coef.
-0.3796185
-0.001085
-0.0182579
-0.231598
-0.1410972
0.100787
0.5338973
-1.833721
1.075103
-0.0453289
0.0694314
-0.0461546
-0.4313235
-0.3554864
-1.250894
-0.0363701
-0.2601423
-0.3095139
0.4085949
-1.38666
0.217266
1.389973

dy/dx
sexo
edadjh
blanco

-0.0646149
-0.0001847
-0.0031077

-603.18673
-491.76537
-478.21209
-477.52126
-477.51951
-477.51951
Number of obs =
LR chi2(21)
=
251.33
Prob > chi2
=
0.0000
Pseudo R2
=

Std. Err.

0.2093068
0.0065475
0.3011924
0.3938969
0.4319237
0.1865511
0.4192578
0.419756
0.3784956
0.0212852
0.0402071
0.0293951
0.2561347
0.1961066
0.289077
0.0081047
0.1021262
0.1947853
0.2417498
0.3632608
0.1800166
0.5683628

0.2083

P>z
-1.81
-0.17
-0.06
-0.59
-0.33
0.54
1.27
-4.37
2.84
-2.13
1.73
-1.57
-1.68
-1.81
-4.33
-4.49
-2.55
-1.59
1.69
-3.82
1.21
2.45

Delta-method
Std. Err.
z
0.0357951
0.0011148
0.0512672

981

0.07
0.868
0.952
0.557
0.744
0.589
0.203
0
0.005
0.033
0.084
0.116
0.092
0.07
0
0
0.011
0.112
0.091
0
0.227
0.014

P>z
-1.81
-0.17
-0.06

0.071
0.868
0.952

indigena
negro
casado
soltero
patrono
agricultor
aosesc
nhogar
horastrab
zona
credito
negruc
aosfun
empleados
comercio
manufactura
transporte
vivpropia

-0.0394203
-0.0240162
0.017155
0.0908747
-0.3121179
0.1829934
-0.0077154
0.0118179
-0.007856
-0.0734156
-0.0605074
-0.2129149
-0.0061906
-0.0442789
-0.0526824
0.069547
-0.2360236
0.0369809

0.0670707
0.0735247
0.031731
0.0713431
0.0659755
0.0647428
0.0036177
0.0068472
0.0050173
0.0437383
0.0334489
0.0466188
0.0013719
0.0170885
0.0332668
0.0411417
0.0612657
0.0306194

-0.59
-0.33
0.54
1.27
-4.73
2.83
-2.13
1.73
-1.57
-1.68
-1.81
-4.57
-4.51
-2.59
-1.58
1.69
-3.85
1.21

0.557
0.744
0.589
0.203
0
0.005
0.033
0.084
0.117
0.093
0.07
0
0
0.01
0.113
0.091
0
0.227

formal
Iteration
Iteration
Iteration
Iteration
Iteration
Iteration

0:
1:
2:
3:
4:
5:

log
log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=
=

Logistic regression
0.2083
Log likelihood = -476.46817
pobre
[95% Conf.
-0.7898522
-0.0139179
-0.6085841
-1.003622
-0.9876522
-0.2648464
-0.2878329
-2.656427
0.3332652
-0.087047
-0.0093731
-0.103768
-0.9333383
-0.7398484
-1.817475
-0.052255
-0.460306
-0.691286
-0.065226
-2.098638
-0.13556
0.2760026

Coef.

-0.134772
-0.0023696
-0.1035896

Number of obs =
LR chi2(21)
=
253.44
Prob > chi2
=
0.0000
Pseudo R2
=

Std. Err.

Interval]
0.0306153
0.0117478
0.5720683
0.5404257
0.7054578
0.4664204
1.355627
-1.011014
1.816941
-0.0036107
0.148236
0.0114587
0.0706913
0.0288755
-0.6843139
-0.0204851
-0.0599787
0.0722582
0.8824158
-0.6746816
0.570092
2.503944

sexo
edadjh
blanco
indigena
negro
casado
soltero
patrono
agricultor
aosesc
nhogar
horastrab
zona
credfor
negruc
aosfun
empleados
comercio
manufactura
transporte
vivpropia
_cons

-0.4075467
-0.0013129
0.0068033
-0.2179558
-0.1197637
0.1212973
0.5618269
-1.837934
1.07926
-0.0450035
0.0676979
-0.0471711
-0.4396245
-0.5661027
-1.194311
-0.03572
-0.261962
-0.316412
0.4026872
-1.362162
0.2262933
1.402201

dy/dx
[95% Conf.

-603.18673
-490.79299
-477.16381
-476.46995
-476.46817
-476.46817

0.2103754
0.0065668
0.3000491
0.3935964
0.435333
0.1871189
0.4195736
0.4188977
0.3813765
0.0213351
0.0402676
0.0292503
0.2577731
0.2486327
0.2907809
0.0080587
0.1021653
0.1931769
0.2413436
0.3632045
0.1803494
0.5695512

Delta-method
Std. Err.

Interval]
0.0055421
0.0020002
0.0973742

sexo
edadjh
blanco
indigena

-0.0692769
-0.0002232
0.0011565
-0.0370493

0.0359404
0.0011167
0.0510033
0.0669303

-0.1708766
-0.168122
-0.0450367
-0.0489552
-0.4414275
0.0560998
-0.0148059
-0.0016024
-0.0176897
-0.1591412
-0.1260661
-0.3042861
-0.0088795
-0.0777718
-0.1178841
-0.0110893
-0.3561022
-0.0230321

0.0920359
0.1200896
0.0793466
0.2307047
-0.1828084
0.3098871
-0.000625
0.0252382
0.0019777
0.0123099
0.0050513
-0.1215438
-0.0035016
-0.0107859
0.0125192
0.1501833
-0.115945
0.0969939

negro
casado
soltero
patrono
agricultor
aosesc
nhogar
horastrab
zona
credfor
negruc
aosfun
empleados
comercio
manufactura
transporte
vivpropia

-0.0203581
0.0206188
0.0955023
-0.3124218
0.1834583
-0.0076499
0.0115076
-0.0080184
-0.0747297
-0.0962291
-0.2030152
-0.0060719
-0.0445297
-0.0537854
0.0684509
-0.2315475
0.0384665

0.0740071
0.0317843
0.0712897
0.0658108
0.0651713
0.0036223
0.0068484
0.0049867
0.0439795
0.0422782
0.0469647
0.0013629
0.0170724
0.0329513
0.0410218
0.0611993
0.0306388

603.18673
490.79299
477.16381
476.46995
476.46817
476.46817

Iteration
Iteration
Iteration
Iteration
Iteration
Iteration

Number of obs =
LR chi2(21)
=
253.44
Prob > chi2
=
0.0000
Pseudo R2
=
z

981

ta-method
z

likelihood
likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=
=

-603.1
-493.6
-479.8
-479.1
-479.1
-479.1

Logistic regression

0.2101
[95% Conf.
0.053
0.842
0.982
0.58
0.783
0.517
0.181
0
0.005
0.035
0.093
0.107
0.088
0.023
0
0
0.01
0.101
0.095
0
0.21
0.014

P>z
-1.93
-0.2
0.02
-0.55

log
log
log
log
log
log

LR
Pro

P>z
-1.94
-0.2
0.02
-0.55
-0.28
0.65
1.34
-4.39
2.83
-2.11
1.68
-1.61
-1.71
-2.28
-4.11
-4.43
-2.56
-1.64
1.67
-3.75
1.25
2.46

0:
1:
2:
3:
4:
5:

-0.8198749
-0.0141837
-0.5812822
-0.9893905
-0.9730008
-0.2454489
-0.2605222
-2.658959
0.3317759
-0.0868195
-0.0112252
-0.1045007
-0.9448505
-1.053414
-1.764231
-0.0515148
-0.4622022
-0.6950319
-0.0703376
-2.07403
-0.1271851
0.2859009

[95% Conf.
0.054
0.842
0.982
0.58

-0.1397188
-0.0024118
-0.0988083
-0.1682303

Log likelihood = -479.17961


Interval]
0.0047816
0.0115578
0.5948888
0.553479
0.7334734
0.4880435
1.384176
-1.01691
1.826744
-0.0031874
0.146621
0.0101585
0.0656015
-0.0787915
-0.6243907
-0.0199252
-0.0617218
0.0622078
0.875712
-0.6502946
0.5797717
2.5185

pobre
sexo
edadjh
blanco
indigena
negro
casado
soltero
patrono
agricultor
aosesc
nhogar
horastrab
zona
credinf
negruc
aosfun
empleados
comercio
manufactura
transporte
vivpropia
_cons

Interval]
0.0011649
0.0019654
0.1011212
0.0941318

sexo
edadjh
blanco
indigena
negro

-0.28
0.65
1.34
-4.75
2.82
-2.11
1.68
-1.61
-1.7
-2.28
-4.32
-4.46
-2.61
-1.63
1.67
-3.78
1.26

0.783
0.517
0.18
0
0.005
0.035
0.093
0.108
0.089
0.023
0
0
0.009
0.103
0.095
0
0.209

-0.1654093
-0.0416772
-0.0442229
-0.4414086
0.0557248
-0.0147496
-0.0019151
-0.0177921
-0.160928
-0.1790928
-0.2950644
-0.0087432
-0.077991
-0.1183688
-0.0119503
-0.351496
-0.0215844

0.1246932
0.0829147
0.2352275
-0.1834349
0.3111918
-0.0005503
0.0249304
0.0017553
0.0114686
-0.0133654
-0.110966
-0.0034006
-0.0110683
0.0107981
0.1488521
-0.111599
0.0985175

casado
soltero
patrono
agricultor
aosesc
nhogar
horastrab
zona
credinf
negruc
aosfun
empleados
comercio
manufactura
transporte
vivpropia

ation
ation
ation
ation
ation
ation

0:
1:
2:
3:
4:
5:

log
log
log
log
log
log

likelihood
likelihood
likelihood
likelihood
likelihood
likelihood

=
=
=
=
=
=

istic regression

likelihood = -479.17961
Coef.
-0.3592594
-0.0006414
0.0176621
-0.1854473
-0.1571354
0.1053552
0.5026246
-1.900788
1.060185
-0.0467273
0.0696516
-0.052319
-0.4422904
0.0250299
-1.260859
-0.0347585
-0.2848966
-0.3777704
0.3604516
-1.468586
0.2045453
1.390316

dy/dx
-0.0611749
-0.0001092
0.0030075
-0.0315781
-0.0267571

-603.18673
-493.69582
-479.89717
-479.18135
-479.17961
-479.17961
Number of obs =
LR chi2(21)
=
248.01
Prob > chi2
=
0.0000
Pseudo R2
=

Std. Err.

0.2085624
0.0065352
0.3010855
0.3933109
0.430309
0.1862707
0.4182038
0.4196638
0.376085
0.0212647
0.0400591
0.0292464
0.2556086
0.2597481
0.2883057
0.0080589
0.1018479
0.1921347
0.2406114
0.3595458
0.1793645
0.5673261

0.2056

P>z
-1.72
-0.1
0.06
-0.47
-0.37
0.57
1.2
-4.53
2.82
-2.2
1.74
-1.79
-1.73
0.1
-4.37
-4.31
-2.8
-1.97
1.5
-4.08
1.14
2.45

Delta-method
Std. Err.
z
0.0356793
0.001113
0.0512684
0.0669947
0.0732819

981

[95% Conf.
0.085
0.922
0.953
0.637
0.715
0.572
0.229
0
0.005
0.028
0.082
0.074
0.084
0.923
0
0
0.005
0.049
0.134
0
0.254
0.014

P>z
-1.71
-0.1
0.06
-0.47
-0.37

-0.7680342
-0.0134501
-0.5724545
-0.9563226
-1.000526
-0.2597287
-0.3170399
-2.723314
0.3230721
-0.0884054
-0.0088628
-0.1096409
-0.943274
-0.4840671
-1.825927
-0.0505537
-0.4845148
-0.7543476
-0.111138
-2.173283
-0.1470027
0.2783777

[95% Conf.
0.086
0.922
0.953
0.637
0.715

-0.131105
-0.0022906
-0.0974766
-0.1628853
-0.1703871

Interval]
0.0495154
0.0121673
0.6077788
0.585428
0.6862548
0.4704391
1.322289
-1.078262
1.797298
-0.0050492
0.148166
0.0050028
0.0586932
0.5341269
-0.69579
-0.0189633
-0.0852783
-0.0011933
0.8320413
-0.7638894
0.5560934
2.502255

Interval]
0.0087552
0.0020722
0.1034916
0.0997291
0.1168728

0.01794
0.0855872
-0.3236674
0.180529
-0.0079568
0.0118603
-0.0089089
-0.0753135
0.0042621
-0.2146998
-0.0059187
-0.0485124
-0.064327
0.0613779
-0.2500718
0.0348301

0.0316989
0.0711976
0.0657273
0.0643089
0.003617
0.0068252
0.0049972
0.0436476
0.0442318
0.0465057
0.0013644
0.0170095
0.03288
0.0409624
0.0607253
0.0305222

0.57
1.2
-4.92
2.81
-2.2
1.74
-1.78
-1.73
0.1
-4.62
-4.34
-2.85
-1.96
1.5
-4.12
1.14

0.571
0.229
0
0.005
0.028
0.082
0.075
0.084
0.923
0
0
0.004
0.05
0.134
0
0.254

-0.0441887
-0.0539575
-0.4524905
0.0544859
-0.015046
-0.0015169
-0.0187032
-0.1608611
-0.0824306
-0.3058493
-0.0085929
-0.0818503
-0.1287707
-0.018907
-0.3690913
-0.0249922

0.0800686
0.225132
-0.1948443
0.3065721
-0.0008675
0.0252375
0.0008854
0.0102342
0.0909548
-0.1235503
-0.0032445
-0.0151744
0.0001167
0.1416628
-0.1310523
0.0946525