Turkey, which is a predominantly Muslim country, enacted an education law in 1997 which increased the compulsory … of education on religiosity, lifestyles and political preferences by using exposure to the law as an instrument for … stronger effects on women. An increase in education, generated by exposure to the law, decreases women's propensity to identify …

correlated with constituency level voter preferences or characteristics that make religion salient, we use quasi-random variation …

major post-World War II episodes. The main cause of debt explosions is usually not the widely cited costs of bailing out and …

world. We find evidence of a strong positive association between VC investments and lagged M&A activity, consistent with the … post-law changes in VC activity. VC activity intensifies after enactment of country-level takeover friendly legislation and …

We use China's recent anti-corruption campaign as a natural experiment to examine the (market expected) equilibrium … consequences of (anti-)corruption. We argue that the announcement of inspections of provincial governments by the Central … Commission for Discipline Inspection (CCDI) on May 17, 2013 represents a significant departure of past norms of anti-corruption …

administrative costs and local corruption. Administrative reforms by the center can have perverse effects. Policy implications are …

the world. This paper examines the extent to which government audits of public resources can reduce corruption by …Political corruption is considered a major impediment to economic development, and yet it remains pervasive throughout … enhancing political and judiciary accountability. We do so in the context of Brazil's anti-corruption program, which randomly …