with school system resources. The model is rich, yet sufficiently stylized to provide novel implications. It can show, for … example, that an improvement in parental outside options will reduce parental and school effort, which are partially … compensated through school resources. In this way, by incorporating the behavioral responses of parents, teachers and policymakers …

We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version … have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to … transitions ; democracy ; autocracy ; IMF ; World Bank …