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access to credit agents aggregate algorithm average household yearly baht Bank of Thailand become entrepreneurs becoming a worker bequest motive bisection method calibrated parameters capital inflows Change in Wealth compute confidence intervals constrained corresponding credit distribution decreasing denotes discretized probability function distribution of wealth dynamic end-of-period wealth endogenous equilibrium wage estimated parameters exogenous Figure Financial Liberalization financial sector fraction of entrepreneurs Gini coefficient given initial wealth growth rate high growth household yearly income increase inequality interest rate intermediated sector Jeong labor demand labor share Ld(w LEB model Lloyd-Ellis lower bound March 2003 March market clearing no-credit economy no-credit sector non-intermediated sector number of entrepreneurs observed occupational choice parameter values percent period production parameters profits relatively restrict roughly sample savings rate scaling factor setup cost simulations subsistence sector talent Thai baht Thai data Thai economy Thailand Townsend-Thai data Townsend-Thai dataset unconstrained entrepreneurs unconstrained firms variables welfare gains World Bank