We present a general model of child labor that incorporates the various componentspresented in the literature as explanations for its existence. Our proposal is to mitigate thephenomenon by encouraging temporary emigration...

We present a general model of child labor that incorporates the various components presented in the literature as explanations for its existence. Our proposal is to mitigate the phenomenon by encouraging temporary emigration. It emerges that the remittances sent by the emigrating parents might...

We use data from three waves of Add Health to study the short- and long-run effects of high school peers' genetic predisposition to high BMI – measured by grade-mates' average BMI polygenic scores – on adolescent and adult obesity in the U.S. We find that, in the short-run, a one standard...

The common European labor market encourages worker mobility that enhances allocative efficiency, but certain institutional features may trigger inefficient migration. As a job in one of Europe's high-income countries typically also entails coverage in a generous welfare and social insurance...

Vaccination represents a canonical example of externalities in economics, yet there are few estimates of their magnitudes. I estimate social and externality benefits of influenza vaccination in two settings. First, using a natural experiment, I estimate the impacts of aggregate vaccination rates...

This study builds on the findings of Carrell and Hoekstra (2010, 2018) by exploring the peer effects of domestic violence exposure over the academic attainment of secondary school students in Peru. However, we also study these peer effects over a novel set of outcomes: internalizing behaviors...

Production of commodities based on open-access renewable natural resources (NR) has usually been examined under "low" congestion (LC) – where MC AC and both increase with output. I identify two additional congestion categories, "high" (HC) and "super" (SC) congestion – where AC is...

Governments often aim to influence the amount and sectoral allocation of private investments through explicit or implicit subsidies. The rules used to select projects to benefit from subsidies may vary, depending on the policy objective. This paper develops a general framework to allocate...

By downplaying externalities, magnifying the cost of moral behavior, or suggesting not being pivotal, exculpatory narratives can allow individuals to maintain a positive image when in fact acting in a morally questionable way. Conversely, responsibilizing narratives can help sustain better...

The perfectly competitive market – a hypothetical situation free of market failure – is the basis for the two fundamental welfare theorems, and an important benchmark for economic theory. The radical abstractions of this idea, however, make its full implications hard to grasp. I address this...