This paper investigates the mechanisms through which environmental taxes on fossil fuel usage can affect the main macroeconomic variables in the short-run. We concentrate on a particular mechanism: speculative storage. The existence of forward-looking speculators in the model improves the...

This paper develops a model of sequential job search to understand the factors determining the effect of tax and enforcement policies on the size (i.e., employment share) of the informal sector. The focus is on the role of informal sector as a stepping stone to formal jobs. I argue that the...

Native children switch from public to private primary schools in response to increased refugee concentration in the Turkish public education system. 10 percentage-point increase in refugee-to-population ratio generates, on average, 0.16 percentage-point increase in private primary school...

I develop a dynamic model of forward-looking entrepreneurs, who decide whether to operate in the formal economy or informal economy and choose how much to invest in their businesses, taking government policy as given. The government has access to two policy tools: taxes on formal business...

This paper examines the impact of Syrian refugees on high school enrollment rates of native youth in Turkey. Syrian refugees are, on average, less skilled and more willing to work in low-pay informal jobs than Turkish natives. Refugees can influence native youth's school enrollment likelihood...