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Optimal age-dependent taxation in emerging markets: A quantitative assessment
(CAF, 2019-12-29)
This paper studies the design and welfare implications of an optimal age-dependent taxation scheme for an emerging economy. The setting is an overlapping generations economy with uninsured productivity risk, partially ...
Efectos de un accidente ferroviario sobre la demanda del servicio: El caso de la tragedia de Once en Argentina
(CAF, 2019-12-19)
Este trabajo evalúa el impacto de un accidente ferroviario, conocido como la “Tragedia de Once”, sobre la demanda de viajes del servicio afectado en Argentina. Debido a que el accidente no puede considerarse como un choque ...
More to Live for: Health Investment Responses to Expected Retirement Wealth in Chile
(CAF, 2019-12-18)
A poorly understood but important way that economic conditions influence health is through the incentives that they create for health investments. In this paper, we study how individuals’ current health investments respond ...
The Value of Free Health Insurance Schemes in Developing Countries
(CAF, 2019-12-13)
Brazil began the implementation of SUS (Universal Health Insurance) in 1988. To the extent that SUS broke the link between employment contract and health insurance, it may have changed the incentives for individuals to ...
Human Capital and Financial Development: Firm-Level Interactions and Macroeconomic Implications
(CAF, 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 ...
Perceptions of Police Corruption in Medellín
(CAF, 2019-11-06)
Conventional wisdom holds that police corruption is a scourge across Latin America, undermining citizens’ trust in and collaboration with police officers. We find that this does not describe police-community relations in ...
The Economic Preferences of Cooperative Managers
(CAF, 2019-05-02)
A growing body of research has been investigating the role of management practices and managerial behaviour in conventional private firms and public sector organizations. However, little is known about managers’ behavioural ...
Kickbacks and limits on campaign donations
(CAF, 2019-03-21)
How do campaign contribution limits alter the influence of donors over elected officials? We propose a model to explore this question and test its implications using data from Colombian municipalities. Using a regression ...
Government transparency and political clientelism: Evidence from randomized anti-corruption audits in Brazil
(CAF, 2019-01-31)
Political clientelism is considered a fundamental reason why politicians are not accountable and responsive to their constituencies. In this working paper, we study whether transparency initiatives – more specifically, ...
Inside the revolving door: campaign finance, lobbying meetings and public contracts. An investigation for Argentina
(CAF, 2019-01-21)
This paper explores the relationship between political influence activities by interest groups and benefits obtained in the form of public contracts. We propose an electoral competition model where interest groups make ...