• Difference-in-Differences in Equilibrium: Evidence from Placed-Based Policies 

      Alves, Guillermo; Burton, William H.; Fleitas, Sebastián (CAF- banco de desarrollo de América Latina y el Caribe; Distrito Capital, 2023-12-26)
      Violations of the stable unit treatment value assumption (SUTVA) are a common threat to identification of the effects of policies causing the resorting of agents between treated and untreated groups. We show that in such ...
    • Gender Gaps in Labor Informality: The Motherhood Effect 

      Berniell, Inés; Berniell, Lucila; de la Mata, Dolores; Edo, María; Marchionni, Mariana (CAF; Caracas, 2020-12-15)
      We estimate the short- and long-run labor market impacts of parenthood in a developing country, Chile, based on an eventstudy approach around the birth of the first child. We assess mechanisms behind these effects based ...
    • Human Capital and Financial Development: Firm-Level Interactions and Macroeconomic Implications 

      Allub, Lian; Gomes, Pedro; Kuehn, Zoë (CAF; Caracas, 2019-12-04)
      Capital-skill complementarity in production implies non-trivial interactions between availability of human capital and financial constraints. Firms that are constrained in their access to finance hire a lower proportion ...
    • Local externalities in labor markets: congestion and information flow among peers 

      Berniell, Lucila; de la Mata, Dolores; Juncosa, Federico (CAF; Caracas, 2020-12-16)
      We explore local externalities in labor markets, exploiting the random assignment of a large-scale internship program in Argentina. Examining the probability of registered employment in the 12 months after the program, we ...
    • Savings Groups Reduce Vulberability but have Mixed Effect on Financial Inclusion 

      Frisancho, Veronica; Valdivia, Martin (CAF; Caracas, 2021-01-08)
      This paper evaluates the impact of the introduction of savings groups on poverty, vulnerability, and financial inclusion outcomes in rural Peru. Using a cluster randomized control trial and relying on both survey and ...