Sunday birth rates in Ecuador have sharply declined, and the drop is larger among young cohorts in urban areas. These trends are attributed to an increase in cesarean births, which are generally scheduled during regular hospital hours. Multiple rounds of Health Surveys confirm that mothers with...

The Hukou system restricts rural-urban migration in China. This paper proposes positive impact of the Hukou system on education: rural people have stronger incentives to pursue higher education, treating it as a means to obtain urban identity and escape from under-developed areas. Applying the...

Whenever there is a merger between two publicly held companies in the form of a stock transaction, the companies must provide a proxy-prospectus to their shareholders with enough information to vote on the proposed merger. The proxy-prospectus contains mandatory pro forma financial statements as...