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Mostrando ítems 41-50 de 73
Measuring Imperfect Competition in Product and Labor Markets. An Empirical Analysis using Firm-level Production Data
(CAF, 2018-01)
In this paper, we develop a simple theoretical model that allows us to disentangle empirically the extent of imperfect competition in product and labor markets using plant-level production data. The model assumes ...
The Effect of the Minimum Wage on Employment in Brazil
(CAF, 2017-10-16)
During the economic boom of the early 2000s, most Latin American countries increased their minimum wages. In Brazil, the real minimum wage increased by upwards of 60 percent from 2003 through 2012. In this paper, we take ...
Money can buy me life. The Effect of a Basic Pension on Mortality: a Regression Discontinuity Design
(2018-06-12)
This paper estimates the effect of a permanent income increase for the elderly on their health outcomes. Our regression discontinuity design exploits an eligibility cutoff in a Chilean basic pension program that grants ...
Poor Little Children: The Socioeconomic Gap in Parental Responses to School Disadvantage
(CAF, 2017-11-08)
In this paper, we study how parents react to a widely-used school policy that puts some children at a learning disadvantage. Specifically, we first document that, in line with findings in other countries, younger children ...
Financial Frictions, Trade, and Misallocation
(CAF, 2017-10-07)
We investigate the extent to which financial frictions shape the aggregate effects of a trade liberalization through their impact on aggregate total factor productivity (TFP) and capital misallocation. We study a small ...
Rules vs. Discretion in Public Service: Teacher Hiring in Mexico
(CAF, 2017-08-18)
In this paper, I use a unique empirical setting that allows me to compare the performance of teachers hired in a discretionary process led by the teachers’ union in Mexico with the performance of those hired on the basis ...
On the middle 70%. The impact of fiscal policy on the emerging middle class in Latin America using Commitment to Equity
(CAF, 2017-08-05)
This paper analyzes the effects of indirect and direct taxes, as well as monetary and in-kind transfers on the income distribution in nine Latin American countries applying the CEQ methodology and using household and ...
The Causes and Consequences of the Spatial Organization of Agriculture in Brazil
(CAF, 2017-10-10)
Why are there vast differences in agricultural activity across space? How do these differences shape the aggregate impact of agricultural shocks? To address these questions, I build a quantitative general equilibrium model ...
Financial Frictions, Occupational Choice and Economic Inequality
(CAF, 2012-12-10)
We develop a quantitative theory of entrepreneurship, income inequality, and financial frictions disciplined with household data from Brazil. The theory extends Lucas (1978) by modeling heterogeneity in two skills: -working ...
Capital Specificity, the Distribution of Marginal Products and Aggregate Productivity
(CAF, 2017-05-08)
This paper studies the role of capital specificity and investment irreversibility on the distribution of marginal products of capital and aggregate TFP. We use a methodology new to the misallocation literature, based on ...