Exploiting the exogenous variation in childcare costs caused by a Swedish childcare reform, we are able to identify the … causal effect of childcare costs on fertility in a context in which childcare enrollment is almost universal, user fees are … low, and the labor force participation of mothers is very high. Anticipation of a reduction in childcare costs increased …

lowering reorganization costs, the reform improved the selection of viable firms into reorganization. In this sense, the new …"The authors study the effect of reorganization costs on the efficiency of bankruptcy laws. They develop a simple model … that predicts that in a regime with high costs, the law fails to achieve the efficient outcome of liquidating unviable …