Abstract: We document the existence of a Crime Kuznets Curve in US states since the 1970s. As income levels have risen, crime has followed an inverted U-shaped pattern, rst increasing and then dropping. The Crime Kuznets Curve is not explained by income inequality. In fact, we show that during...

Abstract: Financial integration has been pursued aggressively across the globe in the last ?fty years; however, there is no conclusive evidence on the diversi?cation gains (or losses) of such e?orts. These gains (or losses) are related to the degree of comovements and synchronization among...

Abstract: This  document  aims  to  provide  evidence  about  the  existence  of  different patterns in equality of opportunities in academic achievement during the last ...

Abstract: Transfers to women may a?ect their bargaining power within the household and consequently their well-being. We analyze the e?ects of the 2004/2005 pension reform in Argentina, that resulted in an unexpected and substantial increase in permanent income for around 1.8 million women, on...

Abstract: We analyze a monopolist’s pricing and product reliability problem when consumers are entitled to product replacement but have heterogeneous cost of exercising this right, and we assess the implications of a decrease in consumers’ claiming cost on reliability, pro?t, and welfare. We...

Abstract: Recent empirical work emphasizes the importance of the extensive margin of trade (new exporters, new export activities) for long run export growth. In this context, understanding the determinants of duration of new exporters is key for underpinning the dynamics of exports growth. As...

Resumen: Este trabajo estudia el efecto que tienen los hitos recientes del conflicto armado en el riesgo país de Colombia. Para este fin se utilizan las permutas de incumplimiento crediticio, más conocidas en el mundo de las finanzas por su nombre y sigla en inglés: Credit Default Swaps, CDS....

Abstract: We analyze the optimal provision of information in a procurement auction with horizontally differentiated goods. The buyer has private information about her preferred location on the product space and has access to a costless communication device. A seller who pays the entry cost may...

Abstract: We document the existence of a Crime Kuznets Curve in US states since the 1970s. As income levels have risen, crime has followed an inverted U-shaped pattern, rst increasing and then dropping. The Crime Kuznets Curve is not explained by income inequality. In fact, we show that during...