This paper argues that conflicting results from previous literature—related to the effect of economic conditions on child labor—derive from different income and substitution effects implicit in different types of income variation. We use agricultural shocks to local economic activity in...

This paper develops and estimates a simple structural model of household decisions regarding child labor and schooling. We argue that part of the conflicting results from the previous literature - related to the effect of improvements in economic conditions on child labor - derives from the...

We analyze the effect of having a child in adolescence on high school completion, educational attainment, and college enrollment in a developing country setting using nine repeated rounds of Chilean household surveys that span the 1990–2009 period. We control for selection bias and household...

We analyze the determinants of adolescent motherhood and its subsequent effect on high school attendance and completion in Chile. Using eight rounds of household surveys, we find that adolescents who were born to teen mothers, those that live in poor households and in single-mother families, are...

We analyze the effect of a Chilean school reform that lengthened the school day from half to full-day shifts on the likelihood that adolescent girls become mothers. By increasing the number of hours spent in school, the reform curtails opportunities to engage in risky sexual behaviors. Using...

The estimated interest rate rules are reduced form equations and for that reason they do not directly reveal anything about the structural parameters of monetary policy. In this paper, we seek to further elucidate the Brazilian monetary policy under the inflation targeting regime by calibrating...

The goal of this paper is two-fold. Firstly, this paper shows that the natural rate of interest in a small open economy, with access to the world capital markets, is equal to the international real rate of interest. We show this property by using the infinitely-lived overlapping generations...

When judges are believed to be politically biased, many nasty predictions may derive from it. Economic literature in Brazil shows some controversies over what is the direction of the bias, but mainly, economists believe that courts tend to favor debtors, leading to high disincentives for...

This paper investigates the optimal general income tax and audit policies when poverty is a public bad and income is not observed in an economy with two types of individuals. Dierently from the traditional "non-distortion at the top" result of the optimal taxation literature, we nd that the...