I evaluate the impact of abortion policies in sub-Saharan Africa to understand possible consequences from a reduced international support for women's rights following the overturn of Roe v. Wade. I find that decriminalizing abortion reduces fertility through two complementary channels. For...

This study explores how market power and financial flexibility shape corporate investment policies among U.S. large and mature corporations, by estimating firm-specific, time-varying investment-to-added-value sensitivities. We find that firms with market power exhibit lower investment...