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Firms and the Decline in Earnings Inequality in Brazil

In this paper, published in the American Economic Journal: Macroeconomics, Alvarez, Benguria, Engbom and Moser (2018) document a large decline in earnings inequality in Brazil between 1996 and 2012.

Journal Article
1 Jan 2018

Loan Contract Structure and Adverse Selection: Survey Evidence from Uganda

While adverse selection is an important theoretical explanation for credit rationing it is difficult to empirically quantify. One reason is that most studies measure the elasticity of credit demand of existing or previous borrowers as opposed to the population at large.

Working Paper
1 Jan 2018

All in the family? CEO succession and firm organization

Family firms are the most prevalent type of firm in the world and account for a large proportion of the economic activity and employment, especially in developing countries.

Working Paper
1 Jan 2018

Does Inducing Informal Firms to Formalize Make Sense? Experimental Evidence from Benin

Efforts to bring informal firms into the formal sector are often based on a view that this will bring benefits to the firms themselves, or at least benefit governments through increasing the tax base.

Journal Article
1 Jan 2018

Does Technical Efficiency Dominate Resource Reallocation in Aggregate Productivity Growth? Evidence from Swazi Manufacturing

Is the effect of input reallocation on aggregate productivity growth (APG) less than that of technical efficiency? A robust finding in two influential meta-analyses by Bartelsman et al. (2004) and Paǵes et al.

Working Paper
1 Jan 2018

Investment Dynamics, Unobserved Heterogeneity and Endogenous Investment Switching Regime in Manufacturing

This paper by Samuel V. Mhlanga (2018) investigates the industrial effects of true state dependence, the sales-to-capital ratio and unobserved heterogeneity on the rate of investment in plant, machinery and equipment (PME) in Swaziland.

Working Paper
1 Jan 2018

Contract Design, Business Growth, and Female Entrepreneurship: Evidence from Microfinance in India

Several field experiments find positive returns to grants for male and not female micro- entrepreneurs. But these analyses overlook that female entrepreneurs often reside with a male business owner.

Research Note
5 Dec 2017

The Skills to Pay the Bills: Returns to On-the-job Soft Skills Training

Adhvaryu, Kala and Nyshadham (2017) evaluate the causal impacts of on-the-job soft skills training on the productivity, wages, and retention of female garment workers in India. The program increased women’s extraversion and communication, and spurred technical skill upgrading.

Working Paper
1 Dec 2017

Monitoring and Intrinsic Motivation: Evidence from Liberia’s Trucking Firms

Severe information asymmetries are thought to make contracting particularly difficult within (and across) firms in developing countries.

Working Paper
19 Nov 2017

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