We find that the distribution of income matters to aggregate carbon dioxide emissions and hence global warming. Higher inequality, both between and within countries is associated with lower carbon emissions at given average incomes. We also confirm that economic growth generally comes with...

Randomized control trials are sometimes used to estimate the aggregate benefit from some policy or program. To address the potential bias from selective take-up, the randomization is used as an instrumental variable for treatment status. Does this (popular) method of impact evaluation help...

August 1999 - To minimize the harmful impact on poor people of macroeconomic shocks, sound policies for dealing with crises - and an adequate public safety net - should be in place before a crisis starts. Many developing countries faced macroeconomic shocks in the 1980s and 1990s. The impact of...