In 2004, Brazil provided an interesting natural experiment concerning personal credit. A new law was enacted allowing banks to offer loans with repayment through automatic payroll or social security benefit deduction, thus removing a significant part of the moral hazard problem by eliminating...

Do more guns cause less crime or more crime? Some authors argue that the spread of firearms encourage violent solutions to interpersonal conflicts. Other authors, however, suggest that the defensive use of gun decreases economic crime. In this paper we proposed an identification strategy to...

This paper investigates the impact of Conditional Cash Transfer (CCT) programs on crime. Making use of a unique dataset combining detailed school characteristics with time and geo-referenced crime information from the city of São Paulo, Brazil, we estimate the contemporaneous effect of the...

We report two results. First, we evaluate the impact of a nationwide anti-firearm legislation passed by the Brazilian Congress in December 2003 (Estatuto do Desarmamento, henceforth ED). Our identification strategy hinges on the hypothesis that the law had stronger impact in places where gun...