Results-based aid (RBA) models link funds to outcomes, rather than paying for inputs. Despite their theoretical appeal and recent adoption by donors and multilateral development banks, there is limited empirical evidence supporting this form of aid for national governments. We estimate the...

Labor market institutions shape the return to workers' skills. They define the incentives of firms and workers to invest in general and specific skills, affecting the returns to experience and tenure. This paper presents an empirical assessment of this hypothesis. We take advantage of rich...

This paper develops a search and matching model where firms and workers are allowed to form matches (jobs) that can be formal or informal. Workers optimally choose the level of schooling acquired before entering the labor market and whether to search for a job as unemployed or as self-employed....

This paper evaluates a field experiment in Mexico in which a quasi-experimental sample of new homes was provided with insulation and other energy efficient upgrades. A novel feature of our study is that we deploy large numbers of data loggers which allow us to measure temperature and humidity at...

We study the effects of increasing cash grants on the education attainment of low-income middle and high school students in Mexico. Starting in 2009, the Oportunidades conditional cash transfer (CCT) program increased the average grant in middle and high school by 27 percent for females and 30...

We study the effects of increasing cash grants on the education attainment of low-income middle and high school students in Mexico. Starting in 2009, the Oportunidades conditional cash transfer (CCT) program increased the average grant in middle and high school by 27 percent for females and 30...

This paper presents evidence of the effects of gender diversity on firm innovation outcomes and their productivity in Colombian manufacturing firms, by extending a CDM model to include women's participation in science, technology and innovation (STI) activities and production processes. The...

Using data from a randomized controlled trial in 300 public high schools in Peru, this paper studies the potential of school-based financial education programs for youth. The intervention improves students' and teachers' financial knowledge by 0.14 SD and 0.32 SD, respectively. The impact of the...

In this paper we analyze the role of economic growth in the recent deceleration of female labor force participation (LFP) in Latin America. We study the relationship between the business cycle and female LFP by estimating fixed effects models, using data from harmonized national household...

This paper analyzes the time-varying degree of inflation expectations anchoring in Bolivia and, more precisely, whether inflation expectations have been in line with the inflation objectives announced by the Central Bank of Bolivia (BCB, for its acronym in Spanish) and if they have become better...