While financial inclusion is typically addressed by improving the financial infrastructure, we show that a higher degree of financial literacy also has a clear beneficial effect. We study this effect at the cross-country level, which allows us to consider institutional variation. Regarding...

In this paper, we examine the determinants of Brazilian city growth between 1970 and 2000. We consider a model of a city, which combines aspects of standard urban economics and the new economic geography literatures. For the empirical analysis, we constructed a dataset of 123 Brazilian...

What is the political legacy of state repression? Using local variation in state repression during the Khmer Rouge genocide in Cambodia, we investigate the effects of repression on political beliefs and behavior. We find that past state repression decreases votes for an authoritarian incumbent...