We estimate the intergenerational effects of compulsory schooling (CS) laws in the United States (1875 to 1940), exploiting the staggered roll-out of state CS laws and using difference-in-differences and instrumental variable (IV) approaches in a linked panel of full-count US census data....

The standard result in the literature states that balanced growth is only possible with labor-augmenting technological progress. If a more general form of technical progress is considered, the Cobb-Douglas production function is typically required (Uzawa, 1961). However, we show that this result...

The present study investigates the role of proximity in shaping social income static and dynamic comparisons and their impact on well-being, measured in terms of self-assessed health. Using the Spanish Survey of Household Finances (2002-2017), the study examines how individuals compare their...

The creation of stable and high-paying jobs by private firms is a first-order issue for Low-and-Medium Income Countries (LMICs). Little is known as to whether trade liberalization helps achieve this goal. In this study, we investigate the impact of the ASEAN-China Free Trade Agreement (ACFTA),...

We develop a general-equilibrium OLG model of human capital to study the dynamics of the U.S. college premium and lifetime wage profiles between 1940 and 2020. The model features endogenous education and on-the-job training, along with exogenous aggregate (skill-neutral and skill-biased) shocks...

This study explores how basic income for elderly (non-contributory pension program) affects the health of self-employed and salaried workers differently, which is particularly interesting given the greater social protection and lower income volatility of the latter. The study uses a...

We construct a new dataset containing parcel sizes and building footprints of Canadian manufacturing plants and decompose industrial density (parcel size per worker) into: crowding (floorspace per worker); building height (floorspace to building footprint); and parcel coverage (building...

This paper examines the implications of using VARs in levels under the Max Share identification approach when variables exhibit unit or near-unit roots. We derive the asymptotic distributions of the Max Share estimator, demonstrating that it converges to a random matrix, resulting in...

This paper studies the impact of Higher Order Belief shocks, representing shifts in agents' beliefs about others' beliefs, on macroeconomic outcomes. The dynamic causal effects of these shocks are identified by leveraging a combination of a proxy-VAR approach and DSGEbased instruments. Our...

We use the microdata underlying the Ethiopian CPI to examine the spatial dispersion in local prices and availability of 401 items across 106 cities. Remote cities face higher prices and have access to fewer products. Large cities also face higher individual prices but enjoy access to a wider set...