The United Kingdom's (UK) property markets are thought to be a common destination for corrupt and criminal assets and money laundering, with investment often through offshore shell companies. Following the Russian invasion of Ukraine in 2022, we study the impact of the introduction of a policy...

There is a growing consensus that the presence of illegal and harmful cross-border financial flows is one of the factors impeding economic and human development. In recent years, a new conceptual framework for describing these "illicit” financial flows (IFFs) has emerged that combines issues...

This paper investigates the presence of endogenous peer effects in the adoption of formal property rights. Using data from a unique land titling experiment held in an unplanned settlement in Dar es Salaam, the analysis finds a strong, positive impact of neighbor adoption on the household's...

This paper examines the dynamic responses of income and poverty to increased investment in the human capital of new cohorts of workers, using a quantitative macroeconomic model with realistic demography. Compared to a baseline in which the rate of human capital investment currently observed in...

When the Tanzanian government formalized over 200,000 informal land claims by granting leasehold titles to residents of unplanned settlements in Dar es Salaam in 2004, a few neighborhoods in the initial plan were excluded due to missing satellite photos. We examine the impact of this low-cost,...