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See it to believe it. Experimental evidence on status consumption among the youth.
(CAF, 2022-09-27)
We ran a field experiment in which a 20-year-old chooses be-tween a socially visible and a non-socially visible good after a friend randomly received one of these goods or an unknown good. We find no differences in choices ...
Intergenerational earnings mobility and macroeconomic shocks: Evidence based on administrative records
(CAF, 2022-04-26)
This paper provides novel evidence on trends in intergenerational earnings mobility in a developing country and explores some transmission mechanisms associated with the characteristics of the labor market. Using a novel ...