Microcredit has expanded rapidly in recent years but its effect at the household level is still controversial and there is little empirical evidence on its externalities to the non-borrowers. This paper estimates the effect of participation in microcredit programs on expenditure and savings both...

In several countries, students who fail end-of-high-school high-stakes exams are faced with the choice of retaking them or forgoing postsecondary education. We explore exogenous variation generated by a 2006 policy that imposed a performance threshold for admission into postsecondary education...

This paper studies the effect of merger policies in Russia on university efficiency. We consider the non-voluntary merger policy conducted by the Ministry of Education and Science based on university performance indicators. First, the efficiency scores of universities are estimated using a...

We consider regression discontinuity (RD) design with two, not one, running/forcing variables for a single treatment. The main identified entity is a 'double-difference-based ratio', where the numerator is a 'local difference in differences (DD)' for the response, and the denominator is a local...

In several countries, students who fail end-of-high-school high-stakes exams are faced with the choice of retaking them or forgoing postsecondary education. We explore exogenous variation generated by a 2006 policy that imposed a performance threshold for admission into postsecondary education...

This paper presents evidence on intra-household retirement externalities by assessing the causal effect of spousal retirement on various health behaviors and health status across 19 European countries. We identify partner's and own retirement effects by applying a fuzzy regression discontinuity...

In fuzzy regression discontinuity (FRD) designs, the treatment effect is identified through a discontinuity in the conditional probability of treatment assignment. We show that when identification is weak (i.e. when the discontinuity is of a small magnitude) the usual t-test based on the FRD...

This paper develops a novel wild bootstrap procedure to construct robust bias-corrected (RBC) valid confidence intervals (CIs) for fuzzy regression discontinuity designs, providing an intuitive complement to existing RBC methods. The CIs generated by this procedure are valid under conditions...

Microcredit has expanded rapidly in recent years but its effect at the household level is still controversial. This paper uses a unique dataset collected from 69 villages in Bangladesh during the period 2006-2007 to estimates the effect of participation in microcredit programs on household...