The Covid-19 pandemic caused a global economic crisis, leading governments to provide substantial State Aid to support firms. This paper examines the effectiveness of Covid-related financial support in Spain and Italy, focusing on its impact on firm recovery. Using a difference-in-differences...

The Covid-19 pandemic caused a global economic crisis, leading governments to provide substantial State Aid to support firms. This paper examines the effectiveness of Covid-related financial support in Spain and Italy, focusing on its impact on firm recovery. Using a difference-in-differences...

This study examines how student aid eligibility influences application decisions to higher education using administrative data from France. We study the impact of a change in income thresholds for aid eligibility. We find that aid eligibility did not have a uniform effect on students'...

This study examines how student aid eligibility influences application decisions to higher education using administrative data from the French national centralized platform. We employ a difference-in-differences approach following a change in the income thresholds for aid eligibility. We find...

Charitable gifts often come with strings attached. Donors limit their gifts in many ways, typically by restricting an asset’s use or purpose, the timing of spending (as in an endowment), and by securing naming rights. Donors also limit their gifts by giving to a charitable intermediary such as...

This study examines how financial aid shapes post-secondary enrollment and persistence among senior high school graduates, challenging assumptions in traditional human capital theory. While the theory posits that reducing financial barriers increases participation, findings suggest a more...

State governments provide grants to students to subsidize college attendance. In response, colleges can adjust their tuition, aid policies, and admission standards, affecting equilibrium enrollment and pass-through of aid to students. To quantify demand- and supply-side responses, I develop a...

In spring 2021, DIW Berlin, ZEW Mannheim, and the University of Trier conducted an online survey among self-employed persons to collect data about the situation of the self-employed in Germany one year after the beginning of the COVID-19 pandemic. The online survey was disseminated in...

The effectiveness of educational aid in Africa is a pressing issue, with little consensus on whether the management quality of aid has significant contribution toward achieving inclusive, equitable, and quality education on the continent by 2030. Despite substantial inflows of educational aid...

After earlier strategies for Denmark's development cooperation from 1993, 2000, 2010, 2012 and 2017, the latest strategy, The World We Share, from 2021 now expires, and a new is accordingly(?) needed. The parliament will start negotiating the strategy in May 2025. One may fear that it will be in...

Despite the benefits of education, the learning crisis in the developing world has led the World bank to characterize it as learning poverty. Education is yet to be declared a political priority in most developing countries. Official Development Assistance (ODA), which is a mechanism for...

We conduct a large-scale randomized controlled trial to examine the effects of time- and location-specific, distance-based road pricing on travel behavior and driving externalities. Using financial incentives and a smartphone app that automatically tracks participants' travel behavior across...

This evaluation assesses the World Bank Group's contributions to supporting electricity access in Sub-Saharan Africa during 2015-24. Electricity access is an end user's ability to use an energy supply for the desired energy services. As such, electricity access includes both supply and demand...

The distributional and disruptive effects of energy supply shocks are potentially large. We study the effectiveness of alternative fiscal responses in a two-country HANK model calibrated to the euro area. Subsidies can stabilize the domestic economy, but they are fiscally costly and generate...

Industrial policies are widespread, but evidence on their workforce effects remains limited. We present novel evidence on the impact of EU technology subsidies on employment and skill demand in Finnish SMEs, 1994-2018. The subsidies fund new machinery, including robots and CNC machines....

Does foreign aid target the poorest people in developing countries? We examine this question in the context of World Bank foreign aid projects at the local level in 50 countries worldwide. We combine georeferenced data on World Bank foreign aid projects with remote-sensing data on nighttime...

We construct a New-Keynesian E-DSGE model with energy disaggregation and financial intermediaries to show how energy-related fiscal and macroprudential policies interact in affecting the euro area macroeconomy and carbon emissions. When a shock to the price of fossil resources propagates through...

We study the problem of distributing subsidies in a market that includes both marginal individuals in need of assistance and infra-marginal individuals who would purchase the subsidized product without additional incentives. We propose the use of a wait time auction, where individuals bid the...

The United States of America has long been a leading force in international development cooperation, both politically and financially. However, the first weeks of the second Trump administration have called the traditional role of US foreign aid fundamentally into question. From a 90-day funding...

We study how Europe could replace US support for Ukraine both (i) financially, in terms of the fiscal effort required, and (ii) militarily, in terms of weapon production. Financial effort: The financial challenge of replacing US aid is limited. Currently, European governments are spending just...

We explore the effect of (big) shocks on the allocation of (bilateral) aid using natural disasters as natural experiments. We find that aid commitment statistically significantly increases following natural disasters, and that humanitarian aid precedes structural aid. While we find that the...

This technical assistance report outlines the current state and future objectives for regulating crypto assets in the Republic of Kenya. The report, prepared at the request of Kenya's Capital Markets Authority, involved an analysis of crypto-asset activities and the related regulatory framework....