Epidemics have disrupted lives for centuries with deleterious human capital and economic repercussions. In this paper, we investigate how epidemics episodes have impacted school dropouts in developing countries, considering 623 epidemics episodes across countries from 1970 to 2019. Our estimates...

We study the macroeconomic and social effects of Universal Basic Income (UBI) programs in a developing economy, comparing them with policies that condition cash transfers on household characteristics (CCT). We construct a dynastic heterogeneous-agent model with human capital investment and...

We study labor earnings dynamics in a developing economy with a large informal sector. We use nationally representative Brazilian panel data that cover both formal and informal workers. We document large disparities in earnings fluctuations faced by these segments of the labor market, as well as...

Epidemics have disrupted lives for centuries with deleterious human capital and economic repercussions. This paper investigates how epidemic episodes have impacted school dropouts in developing countries, considering 338 epidemics episodes across countries from 1970 to 2019. We deliver five...

We document a set of empirical findings regarding the distributional effects of monetary policy on labor income growth and on employment transitions in Brazil, a setting where informality is a relevant phenomenon. To do so, we first construct a series of monetary shocks using a high-frequency...