We analyze media repression in Putin's Russia (2004-2019), a smart dictatorship that mimics democratic institutions, notably relatively free elections, and a relatively free press. Drawing on a unique granular dataset on journalist harassment and the pre-determined, staggered timing of local...

This paper investigates the effect of Venezuelan transit migration on crime rates in Colombia. We exploit the reopening of the VenezuelaColombia border in 2016, which has led to a surge in transit migration, and geospatial information about the distinct routes through which the migrants crossed...

Can colonialism affect today's urban outcomes? This paper examines the long-run impact of Concessions - foreign-run enclaves established in the late nineteenth century inside Chinese cities by European settlers for residence and investment purposes. They soon became the new economic hubs of...

We are the first to analyze the effect of terror on stock markets by terror ideology. Surprisingly, we find that Islamist terror attacks created significant negative abnormal returns in American and European markets, but the stock market effects of other terror attacks were almost nil. For our...

Can historical institutions affect today's firm innovation? We analyze a historical experiment in 1902, when the foreign-run Chinese Maritime Customs Service (CMC), known for its efficient and transparent governance, took over some of the notoriously corrupt Chinese Native Custom stations and...

We analyze the differences in the socioeconomic profiles between suicide terrorists and ‘regular’ militants using a dataset of 1596 militants (including 209 suicide terrorists) from Hamas and Palestinian Islamic Jihad (PIJ). We find that suicide terrorists are better educated, younger, less...

We investigate the effect of elections on underreporting COVID-19 mortality, measured as the difference between excess mortality and official statistics. Our identification strategy takes advantage of a natural experiment of the unanticipated onset of the Coronavirus pandemic in 2020 and the...

This paper reports on an experiment of corruption that was conducted in two treatments: one with the possibility of detection and one without. It turns out that monitoring reduces corruption through deterrence; at the same time, it destroys the intrinsic motivation for honesty. Thus the net effect...

We are the first to analyze the effect of terror on stock markets by terror ideology. Surprisingly, we find that Islamist terror attacks created significant negative abnormal returns in American and European markets, but the stock market effects of other terror attacks were almost nil. For our...

Can historical institutions affect today's firm innovation? We analyze a historical experiment in 1902, when the foreign-run Chinese Maritime Customs Service (CMC), known for its efficient and transparent governance, took over some of the notoriously corrupt Chinese Native Custom stations and...