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Integrating Early-life Shocks and Human Capital Investments on Children´s Education
(CAF, 2016-10-04)
This study investigates how early-life conditions interact with subsequent human capital investments to influence future educational outcomes. To provide causal evidence, we exploit two sources of exogenous variation: i) ...
Crime Protection Investment Spillovers: Theory and Evidence from the City of Buenos Aires
(CAF, 2013)
This paper studies spillover effects among potential crime victims from investment in observable protection technologies. Criminals and potential victims interact in a frictional market for offenses. Externalities within ...
Reciprocity and willingness to pay taxes: evidence from a survey experiment in Latin America
(CAF, 2012)
We provide the first experimental attempt at measuring reciprocity in tax collection in developing countries, where enforcement institutions are weak, and where tax rates and in general tax observance is lower. In a household ...
Tax structure in Latin America: its impact on the real economy and compliance
(CAF, 2011)
In this paper we review the structure of tax systems in Latin America and analyze their impact on the real economy-- economic growth, macro-economic stability, income redistribution and foreign direct investment--, and on ...
Business Cycles in Emerging Markets: the Role of Durable Goods and Financial Frictions
(CAF, 2012)
There is a growing literature studying business cycles in emerging economies. This paper contributes to this literature by examining how durable goods and financial frictions shape cyclical fluctuations in a small open ...
Development effects of electrification: evidence from the geologic placement of hydropower plants in Brazil
(CAF, 2011)
We estimate the development effects of electrification across Brazil over the period 1960-2000. Brazil relies almost exclusively on hydropower, which requires intercepting water at high velocity. We build an engineering ...
Crime Perceptions and Reality in Latin America
(CAF, 2014)
We show that perceptions of insecurity are strongly correlated with victimization at the individual level and suggest that the reason this relationship is usually not uncovered in simple cross country studies is that they ...
Early Impacts of College Aid
(CAF, 2015-07-28)
We analyze the impact of an expansion in government-guaranteed credit for higher education in Chile on a sample of elementary and high school students. Using students who had an alternative source of funding as a control ...
Housing Subsidies, Labor Supply and Household Welfare. Experimental Evidence from Argentina
(CAF, 2016-10)
We study the impact of a social housing policy program implemented in Argentina, exploiting the random assignment rule to identify the policy's causal effect on labor market and other socio-economic outcomes. In particular, ...
What do non-renewable natural resource rich countries do with their rents?
(CAF, 2011)
This paper examines three sets of questions related to the use of non-renewable natural resource rents: (1) To what extent countries rich in non-renewable natural resources use such rents to increase present consumption ...