Why do people acquire consumer debt? In this article, I draw on the case of Chile and call into question the explanatory power of both the "trickle-down" and "privatized Keynesianism" hypotheses. I argue that these narratives fail to explain why, in the context of wage improvements, consumers...

We empirically study the impact of massive and sudden school closures on teenage pregnancy following the 2011 nationwide student strike in Chile. We estimate that temporary high schools' shutdown increases teenage pregnancies between 1.5% and 3% on average, with places in the highest tercile of...

We empirically study the impact of massive and sudden school closures on teenage pregnancy, following the 2011 nationwide student strike in Chile. Temporary high schools' shutdown increases teenage pregnancies in 1.5% on average, while places in the highest tercile of strike exposure experienced...

We empirically study the impact of massive and sudden school closures on teenage pregnancy, following the 2011 nationwide student strike in Chile. Temporary high schools' shutdown increases teenage pregnancies by 1.5% on average, while places in the highest tercile of strike exposure experienced...

Hundreds of thousands of students skipped school during the 2011 student movement in Chile to protest and reform educational institutions. Using administrative data on millions of students’ daily school attendance decisions on protest and non-protest days, a large network composed by the...

Business groups are the predominant organizational structure in modern Chile. This article tests the long-standing hypothesis that the privatization reform implemented by the “Chicago Boys” during the Pinochet regime facilitated the creation of new groups and hence the renovation of the...