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How Peace Saves Lives: Evidence from Colombia
The victimization of civilians and combatants during internal conflicts causes large long-term socioeconomic costs. Unfortunately, it is not clear whether peace negotiations can significantly reduce this burden, as the ...Documentos de Trabajo. 2022-06-17
No. 91 -
The Intergenerational Transmission of College: Evidence from the 1973 Coup in Chile
We study the transmission of higher education across generations using the arrival of the Pinochet dictatorship to Chile in 1973 as natural experiment. Pinochet promoted a large contraction in the number of seats opened ...Documentos de Trabajo. 2022-06-16.
No. 90 -
The response of illegal mining to revealing its existence
New monitoring technologies can help curb illegal activities by reducing information asymmetries between enforcing and monitoring government agents. I created a novel dataset using machine learning predictions on satellite ...Documentos de Trabajo. 2022-05-17
No. 89 -
Covid-19 consecuencias y desafíos en la economía colombiana. Una mirada desde las universidades
Este libro reúne diferentes hallazgos, perspectivas y efectos ante un fenómeno que, más de un año después, todavía representa un reto científico, médico y social para todos. Igualmente, esta obra representa el objetivo de ...Libro. 2022-04-28
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The trade-off between liquidity and insurance: voucher payments in a lab-in-the-field experiment with Colombian rural workers
We conduct a lab-in-the-field experiment in which 214 rural workers must choose between a cash or a voucher payment for completing a real-effort task. Participants face a twenty-percent chance of suffering a negative shock ...Documentos de Trabajo. 2022-03-10.
No. 88 -
Composición de la base de inversionistas extranjeros en el mercado de deuda pública local y variaciones en la sensibilidad de las condiciones financieras domésticas
En este documento se analiza la relación entre la participación de extranjeros en el mercado local de deuda pública y la sensibilidad de las condiciones financieras locales frente a cambios en factores globales. Asimismo, ...Documentos de Trabajo. 2022-02-18
No. 87 -
Landmines: The Local Effects of Demining
Anti-personnel landmines are one of the main causes of civilian victimization in conflict-affected areas and a significant obstacle for post-war reconstruction. Demining campaigns are therefore a promising policy instrument ...Documentos de Trabajo. 2021-12-28
No. 86 -
Gasto Público Social y Crecimiento Económico: Evidencia para América Latina 1990 – 2017
Este documento estudia el efecto del gasto público social en el crecimiento económico a partir de dos modelos (uno agregado y otro desagregado), con el objetivo principal de presentar evidencia empírica del impacto que ...Documentos de Trabajo. 2021-12-17
No. 85 -
Buying a Blind Eye: Campaign Donations, Forbearance, and Deforestation in Colombia
While existing work has demonstrated that campaign donations can buy access to benefits such as favorable legislation and preferential contracting, we highlight another use of campaign contributions: buying forbearance. ...Documentos de Trabajo. 2021-08-17.
No. 84 -
Revealing Corruption: Firm and Worker Level Evidence from Brazil
We study how the disclosure of corrupt practices affects firms. We construct novel firm-level measures of involvement in corrupt practices using randomized audits of public procurement in Brazil. On average, firms exposed ...Documentos de Trabajo. 2021-08-05
No. 83 -
Sustainability as a Policy Tool
In this policy note we propose a new country-based sustainability index comprised of three main drivers: climate change, energy use, and resource depletion. We argue that increases in clean energy intensity (clean energy ...Documentos de Trabajo. 2021-07-15.
No. 82 -
Minimum wage effects on informality across demographic groups in Colombia
We present evidence of the minimum wage effects on labour informality rates in Colombia. Our identification strategy consists of dividing the working population into sixteen groups depending on their age, gender and ...Documentos de Trabajo. 2021-05-26.
No. 81 -
Does Higher Education Reduce Mortality? Evidence from a Natural Experiment
We provide new evidence on the causal effect of education on health. Our empirical strategy exploits the reduction in access to college experienced by individuals reaching college age shortly after the 1973 military coup ...Documentos de Trabajo. 2021-05-24.
No. 80 -
Assessing the Impact of COVID-19 on Trade: a Machine Learning Counterfactual Analysis
By interpreting exporters’ dynamics as a complex learning process, this paper constitutes the first attempt to investigate the effectiveness of different Machine Learning (ML) techniques in predicting firms’ trade status. ...Documentos de Trabajo. 2021-04-09
No.79 -
The dawn of a mobile payment scheme: The case of Movii
Mobile wallets replicate physical wallets on a mobile device, in which users can store different payment instruments (e.g., cards, transfers) to make mobile payments. As the mobile wallet is adopted, a mobile payment ...Documentos de Trabajo. 2021-04-07
No.78 -
Interdependent Capital Structure Choices and the Macroeconomy
This study shows that capital structure choices of US corporations are interdependent across time. We follow a two-step estimation approach. First, using a large cross-section of firms we estimate year-by-year average ...Documentos de Trabajo. 2021-04-06
No.77 -
Impacto de la migración sobre el empleo y la distribución salarial en Colombia
En este documento se presenta evidencia empírica para entender los impactos de la migración en el mercado de trabajo en Colombia, a través de la estimación de un modelo probabilístico tipo Probit para el empleo y una ...Documentos de Trabajo. 2021-03-31.
No. 76 -
Estimating the Value at Risk of a bank’s portfolio in sovereign bonds using a DCC-Copula model
Rises in sovereign risk adversely affect banks reducing their profits and increasing their funding costs. Impacts are specially strong on banks holding important positions of government debt in the investment portfolios. ...Documentos de Trabajo. 2021-02-25
No. 75 -
Pensando la historia económica de Colombia. Tendencias en la difusión y la divulgación
Esta obra presenta un balance de las tendencias de difusión y divulgación en historia económica de Colombia producidas entre 1971 y 2016, a partir de 115 títulos considerados como “obras generales en historia económica”, ...Libro. 2019. -
Explaining the Rural-Urban Student Performance Gap for Different Distribution Quantiles in Colombia
This paper studies the determinants of student performance in the PISA 2018 tests in Colombia focusing on the rural-urban gap. Using quantile regression, a student-level education production function at different points ...Documentos de Trabajo. 2021-02-15
No. 74
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