Large firms pay higher wages. In developing economies, the large-firm wage premium is comparable to the average gap between male and female wages, or two-thirds of the gap between urban and rural wages. There is substantial variation across countries in the share of the premium that is explained...

This paper studies whether there is a connection between finance and growth at the firm level. It employs a new dataset of 150,165 equity and bond issuances around the world, matched with income and balance sheet data for 62,653 listed firms in 65 countries over 1990-2016. Three main patterns...

Social scientists frequently rely on the cardinal comparability of test scores to assess achievement gaps between population subgroups and their evolution over time. This approach has been criticized due to the ordinal nature of test scores and the sensibility of results to order-preserving...