This paper investigates how persistent changes in trust caused by the Great Recession have affected how governments and citizens across Europe responded to the next global crisis: the COVID-19 pandemic. We show that increases in individualism and mistrust towards institutions caused by...

This paper explores the relationship between household exposure to riots and social capital in urban India using a panel dataset collected by the authors in the state of Maharashtra. The analysis applies a random-effect model with lagged covariates to estimate the exogenous effect of riots on...

We revisit the effect of long run income growth on population fertility in some of the poorest countries in the world. Causal inference is enabled through proxying income windfalls by oil price shocks in oil rich versus oil poor provinces. Using various fertility measures as outcomes, we find...

In this study, we look at how oil price shocks affect the incidence of protests in a country and how the size of a country's shadow economy influences this relationship. Using panel data from 144 countries, from the period of 1991–2015, we find evidence that negative oil price shocks...

We study the association between oil rents and tax revenues, highlighting the importance of the shadow economy as a mediating factor. We present a simple theoretical model demonstrating that decreasing oil rents are likely to be positively associated with the tax revenues in a country with a...

In this paper, we study the impact of oil price shocks on the incidence of protest over the period 1991-2015. Our results indicate that negative oil price shocks are followed by an uptick in the number of protests and that a higher initial size of the shadow economy allows to mitigate the...

We study the spatial distribution of the effect of oil and gas revenues on Brazilian municipalities, using variations in the international prices of oil and gas to establish causality. Oil and gas revenues increase economic activity, measured by night-time light emissions, in oil-producing...

This paper examines the effect of weather shocks on violent crime using disaggregated data from Brazilian municipalities over the period 1991-2015. I document that adverse weather shocks in the form of droughts lead to a significant increase in violent crime, with the effect appearing to persist...

We explore the effects of persistent income shocks on human capital using oil price fluctuations in a large sample of relevant African countries and employing micro data from multiple waves of the Demographic and Health Survey (DHS). Theoretically, such shocks enable human capital investment via...

In this paper, we study the impact of exogenous variations of international oil prices on the incidence of protest, while exploring the role of the shadow economy as a mitigating factor. We find that oil price shocks are negatively associated with protests, but the effect is less severe the...