Financial aid to college students has been widely implemented by governments indeveloped and emerging economies in an attempt to reduce the entry barriers to highereducation (HE). Understanding the extent to which these policies enable access to HE is crucialin order to unravel the effectiveness...

In 1894 the American Congress passed a 2% tax on incomes over 4,000 US dollars, as part of a bill seeking to reduce tariffs. Transformations in the American society after the Civil War triggered an increasing role of the State, calling for a tax reform. Concerned for tax justice, progressive...

This paper estimates the causal impact of maternal employment on several childhood malnutrition outcomes in Ecuador, to understand the trade-off between the time mothers devote to work and child-caring activities. We use exogenous regional variation in maternal labour market conditions to...

A regulator hires an auditor to inspect a firm. Audits serve two purposes: to detect violations and to motivate the firm to invest in compliance. Auditor and firm can collude to hide violations. Honest audits require sufficient monetary incentives for the auditor, and more frequent audits call...

Search engines are one of the main channels to access news content of traditional newspapers. In the European Union, organic search traffic from Google accounts for 35% of news outlets’ visits. Yet, the effects of Google Search on market competition and information diversity are ambiguous, as...

In the multiple-partners job market, introduced in (Sotomayor, 1992), each firm canhire several workers and each worker can be hired by several firms, up to a given quota. Weshow that, in contrast to what happens in the simple assignment game, in this extension, thefirms-optimal stable rules are...

By the turn of the 20th century, nation-building reformers in Spain tried to stimulate schooling expansion to improve (or at least dignify) Spain’s position in the international arena. However, in this paper we find that democratic imperfections help explaining the modest spread of primary...

Entrepreneurship, growth and total factor productivity are larger when there is a financial bubble. We explain these facts using a growth model with financial bubbles in which individuals face heterogeneous wages and returns on productive investment. The heterogeneity in the return of investment...

We estimate short- and long-term causal impacts of a type-2 diabetes mellitus (T2DM) diagnosis on lifestyle behaviours. We employ a fuzzy regression discontinuity design exploiting the exogenous cut-off value in the diagnosis of T2DM provided by a biomarker (glycated haemoglobin, HbA1c). We make...

Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the...