This paper examines the impact of trade liberalization on firms' product and labor market power. We estimate the prevalence and intensity of firm-level price-cost markups and either wage markups or wage markdowns. We take the dependence between these model-consistent measures of product and...

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable endogenous growth model with size-contingent regulations. We apply this to population administrative firm panel data from France, where many labor regulations apply to firms...

To examine the drivers of innovation, this paper studies the global R and D effort to fight the deadliest diseases and presents four results. We find: (1) global pharmaceutical R and D activity-measured by clinical trials-typically follows the 'law of diminishing effort': id est the elasticity...

This article analyses the impact of the Programa Bolsa Família (PBF), Brazil's Conditional Cash Transfer Programme), by way of an "income shock" on the labour supply of beneficiaries as measured by probability of working and number of weekly hours worked by both men and women. Bolsa Família...

As with many other addictions and risk behaviours, smoking initiation is an early affair: most who adopt it at all do so early on during adolescence, rarely beyond their mid-20s. It is known that the cumulative health and mortality effects of smoking take a long time to unfold (Gajalakshmi et...

There are many elements to the public policies required to reduce educational disparities among students. They include issues related to infrastructure, remuneration and training of education professionals, and debates regarding unifying content at the national level and on forms of public...

This paper evaluates the impact of the 2007 expansion of the Bolsa Família programme to families with youths aged 16 to 17 years (Benefício Variável Jovem) on the time allocation of youths and on the labour supply of adults. The differences-in-difference estimator was used to compare...

This paper investigates the impact of Conditional Cash Transfer (CCT) programs on crime. Making use of a unique dataset combining detailed school characteristics with time and geo-referenced crime information from the city of São Paulo, Brazil, we estimate the contemporaneous effect of the...

We estimate the subnational employment and GDP multiplier of Brazil's 2020 federal cash transfers to vulnerable households. Using two-stage least squares regressions we estimate a formal employment multiplier and then apply an analytical transformation to recover an implied GDP multiplier in the...