The Zimbabwean nation has been struggling to gain economic development momentum in the multicurrency era despite numerous efforts being made by policy makers. The economy has since operated with budget deficits and high consumption expenditures in the form of wages for civil servants and little...

Estimar los impactos específicos de una reforma integral del sistema de transporte público de una gran ciudad es una tarea compleja, debido a las numerosas variables confundentes que usualmente enmascaran los efectos específicos. Este trabajo estima el impacto que la reforma integral del...

This paper examines in detail Public Private Partnerships (PPPs), discussing their main objectives, implementations and challenges. The possible joint venture between the government and private companies when establishing a PPP is addressed, and an analytical approach to evaluate a PPP measure...

We document that corporate pension contributions respond to tax-based incentives using the 2017 Tax Cut & Jobs Act (TCJA) as a natural experiment. The TCJA cut the U.S. federal corporate tax rate, temporarily increasing contribution incentives for sponsors of defined-benefit retirement plans. We...

This paper empirically tests the hypothesis that landed elites may block technological change and economic development if they fear that they will lose future political power (Acemoglu and Robinson (2002, 2006, and 2012). It exploits a plausible exogenous change in the distribution of political...

We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...

Over half of the U.S. population receives health insurance through an employer, with employer premium contributions creating a flat "head tax" per worker, independent of their earnings. This paper develops and calibrates a stylized model of the labor market to explore how this uniquely American...

Over half of the U.S. population receives health insurance through an employer, with employer premium contributions creating a flat "head tax" per worker, independent of their earnings. This paper develops and calibrates a stylized model of the labor market to explore how this uniquely American...

The paper discusses possible directions and magnitudes of the relationship between the social security driven tax wedge, employment and shadow employment in Russia and Ukraine. The first section presents a summary of the economic and institutional background for development of the current size...

Increasing attention has been given to the fact that some multinational enterprises shift income to tax haven countries, an activity that generates inequality in corporate taxation. Here, we examine how profit shifting relates to wage inequality. Using rich matched employer-employee data from...