Bruno Crépon is a researcher at Centre de Recherche en Économie et Statistique (CREST), a Professor of Economics and Econometrics at ENSAE and École Polytechnique, and a Co-Chair of J-PAL’s Labor Markets sector and the co-scientific director for J-PAL MENA. Bruno is also the co-director of the Employment Lab in Morocco and a Research Associate with the Institute of Labor Economics (IZA). The focus of his research is on labour market policies. He is especially interested in how to design employment programs that are effective and address the needs of those who struggle integrating the labour market. He has conducted many experiments both in developed and developing countries. Bruno earned his PhD from Université de Paris, Sorbonne.
Evaluations of grant programmes have shown that the return to capital is high in developing countries, but the impacts of loans have only been modest. This column, originally published at VoxDev, shows that for microenterprises in Egypt, loans and grants increase incomes similarly, but only among certain recipients.