This paper uses a unique data set to investigate the link betweenthe pay and performance of school principals. It is frequently arguedthat public sector CEOs are paid like bureaucrats with little rewardfor good performance. However, this ignores the possibility of implicitlabor market...

Improving accountability in public services has been a central ob-jective of many public sector reforms in recent years. Chief amongthese have been efforts to generate observable performance measuresas a basis for monitoring performance. This paper examines a nat-ural experiment in regimes...

This paper exploits data on the pattern of violence across regionsand over time to estimate the impact of the peace process in NorthernIreland on house prices. We begin with a linear model that estimatesthe average treatment effect of a conflict-related killing on house prices-showing a negative...

This paper tests whether education levels di¤er between leadersselected in autocracies and democracies. We use a unique data seton over 1300 world leaders between 1848 and 2004 and exploit withincountry variation from transitions to and from democracy to show thatdemocracies pick more highly...

This paper uses a unique data set on more than 600,000 mortgagecontracts to estimate a credit supply function which allows for risk-heterogeneity. Non-linearity is modeled using quantile regressions. Wepropose an instrumental variable approach in which changes in the taxtreatment of housing...

This paper explores these issues further by reconsidering the link between democracy and health using panel data from a cross-section of countries. The data show a strong (conditional) correlation between life expectancy and democracy. This relationship is strongest for the decades of the 1960s...

This lecture is not in any sense a survey of the …field. It is a highlyselective and personal view of the motivation behind the fi…eld and some ofthe key themes that link the literature. Thus, it represents a manifestopresented in the hope that somebody who encounters these ideas for the...

Joe is one a small group of influential economists who brought theorizing aboutdevelopment processes to a new level. In trying to understand the reasons why low pooreconomies remain so, he was among the first to appreciate the importance of informationand contracting issues. His seminal...

There are N citizens who have to make a social decision about a set policies denotedby x ∈ A, where A denotes the set of feasible policies. Citizen’s preferencesover policy are denoted V i (x, j) ( where i = 1, ...,N) ,and j denotes the identityof the policy maker. This specification allows...

[...]The analysis of competitive markets culminated in the fundamental theorems of welfare economics which elucidated the (restrictive) conditions under which resource allocation by markets would achieve Pareto efficiency. The first fundamental theorem says that all perfectly competitive...