This article investigates women's returns to schooling by exploiting Burundi's free primary education policy (FPE) of 2005 as a natural experiment. Credibly exogenous variation in education is identified through a fuzzy regression discontinuity design (RDD). Our results show that while...

Is ethnic inequality associated with aversion to authoritarian regimes and increase support for democracy as a means of influencing redistribution? Using four rounds of Afrobarometer panel data, covering 29 African countries and 353 distinct ethnic groups, and an ordered logistic model, we show...

We propose a general model of monopolistic competition, which encompasses existing models while being flexible enough to take into account new demand and competition features. Using the concept of Frechet differentiability, we determine a general demand system. The basic tool we use to study the...

The purpose of the presentation is to analyze the labor market effects of a congestion charge when commuters have continuously distributed value of time. Since a congestion charge raises the cost of commuting to work, it can decrease employment at the extensive margin in a similar way as an...

The growing popularity of fintechs has led the Financial Stability Board (FSB) to publish considerations about the effects of this emerging industry on stability and efficiency in the financial sector. Against this background, this paper compares the effects of competition and collaboration...

The article is concerned with understanding the impact of social preferences and wealth inequality on aggregate economic outcomes. We investigate how different manifestations of other-regarding preferences affect incentive contracts at the microeconomic level and how these in turn translate into...