This paper estimates the incidence of state corporate taxes on the welfare of workers, landowners, and firm owners using variation in state corporate tax rates and apportionment rules. We develop a spatial equilibrium model with imperfectly mobile firms and workers. Firm owners may earn profits...

This paper estimates the incidence of state corporate taxes on the welfare of workers, landowners, and firm owners using variation in state corporate tax rates and apportionment rules. We develop a spatial equilibrium model with imperfectly mobile firms and workers. Firm owners may earn profits...

This paper provides empirical evidence of an established theoretical result: in the presence of heterogeneous treatment effects, OLS is generally not a consistent estimator of the sample-weighted average treatment effect (SWE). We propose two alternative estimators that do recover the SWE in the...

Decades of research in ecology have shown that nestedness is a ubiquitous characteristic of both, biological and economic ecosystems. The dynamics of nestedness, however, have rarely been observed. Here we show that the nestedness of both, the network connecting countries to the products that...

In economic systems, the mix of products that countries make or export has been shown to be a strong leading indicator of economic growth. Hence, methods to characterize and predict the structure of the network connecting countries to the products that they export are relevant for understanding...

This paper shows, first, that non-commodity revenues are more volatile in oil- and mineral-rich countries and that quality of institutions is associated with lower volatility. We investigate the channels through which oil and mineral revenue volatility lead to non-commodity revenues volatility,...

The voucher scheme introduced in Chile in 1981 allows for-profit private subsidized schools to choose their students. This study examines the effects of this practice on the results’ gap between private and public schools and its impact on academic performance. Information from the 2005 SIMCE...

The voucher scheme introduced in Chile in 1981 allows for-profit private subsidized schools to choose their students. The objective of this article is to present evidence of this practice and examine its relationship with academic performance using information from the 2005 SIMCE test, in which...

This paper shows, first, that non-commodity revenues are more volatile in oil- and mineral-rich countries and that quality of institutions is associated with lower volatility. We investigate the channels through which oil and mineral revenue volatility lead to non-commodity revenues volatility,...

Poverty is often characterized not only by low and unstable income, but also by heavy debt burdens. We find that reducing barriers to saving through access to free savings accounts decreases participants' short-term debt by about 20%. In addition, participants who experience an economic shock...