We investigate the empirical significance of borrowing constraints in the market for consumer loans. We set up a theoretical model of consumer loan demand, which in the presence of credit rationing implies restrictions on the elasticities of loan demand with respect to the interest rate and the...

Does economic growth close labor market-linked gender gaps that disadvantage women? Conversely, do gender inequalities in the labor market impede growth? To inform these questions, we conduct two analyses. First, we estimate regressions using data on gender gaps in a range of labor market...

The paper investigates the effects of the drastic tariff reductions of the 1980s and 1990s in Colombia on the wage distribution. It identifies three main channels through which the wage distribution was affected: increasing returns to college education, changes in industry wages that hurt...