hyperbolic discounting leads to inflation having significant long-run effects on real variables. …

contracts and positive inflation. Workers with relatively low incomes experience envy, whereas those with relatively high … incomes experience guilt. The former seek to raise their income, and latter seek to reduce it. The greater the inflation rate …, a rise in the inflation rate leads workers to supply more labor over the contract period, generating a significant …

In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … better risk sharing outcomes during the recent period of globalization. Developing countries have, by and large, been shut … flows may help explain why emerging markets have not been able to realize this presumed benefit of financial globalization …

The international literature on minimum wage greatly lacks empirical evidence from developing countries. Brazil … large and frequent but the minimum wage has also been used as an anti-inflation policy in addition to its social role. This …

sectors in Brazil and in Latin America more generally. …

instrumental variables earnings model on data from Brazil show that child labor has a large negative impact on adult earnings for …