We develop an econometric model where the determinants of working while in school, academic performance, and the decision to drop out are set in the context of two types of high school students: those who prefer schooling and those who are more likely to join the labor market. The likelihood...

Previous models of public spending fail to explain why high inflation rates are distributed non-randomly across countries. In the switching-regime specification proposed here, governments tend to resort to inflationary debt monetarization when the spending level chosen by voters exceeds actual...