Road infrastructure boosts economic opportunities and thus contributes to poverty alleviation. This paper investigates the causal impact of paved primary roads on poverty and income mobility in Ecuador, with particular attention to the mechanisms through which these effects materialize....

The Philippines aspires to become a predominantly middle-class society by 2040. Significant strides have been achieved in the reduction of extreme poverty. However, the COVID-19 pandemic exposed the fragility of recent gains and the vulnerability of many households to economic shocks. This study...

This paper examines the potential for automation and artificial intelligence (AI) to induce a broader economic decline, impacting not only labor but also the owners of capital and advanced technology. While automation has traditionally favored skilled over unskilled workers, recent advancements...