Documentos de Trabajo
The increase in global immigration phenomena has impacted local labor markets. The process of social and economic assimilation is crucial to ensure the well-being of both natives and immigrants. This article analyzes the ...Documentos de Trabajo. 2022-11-01
The external effects of public housing developments on informal housing: The case of Medellín, Colombia
Provision of new subsidized housing projects has proven to be an effective alternative to reduce the high level of quantitative housing deficit in developing countries. However less is known about how these housing projects ...Documentos de Trabajo. 2022-09-20.
We use a three-period model adopting a recursive definition of consumption to explore the optimal delegation that a present self, aware that her near-future self is present-biased but better informed, will make to protect ...Documentos de Trabajo. 2022-09-13
This paper studies the labor market impacts of Venezuelan immigrants in Colombia. Exploiting spatial variation in exposure, I nd a negative e ect on native wages driven by the informal sector (where immigrants are ...Documentos de Trabajo. 2022-08-22.
Calidad del empleo agregado, formal e informal: un análisis para la economía colombiana en el periodo 2007 - 2019
Este trabajo presenta una medida alternativa del nivel de empleo agregado, formal e informal para la economía colombiana entre 2007 y 2019, la cual permite obtener una medida alternativa de capital humano que es llamada ...Documentos de Trabajo. 2022-08-22.
This paper studies the impact of the Covid-19 pandemic on corporate credit in Colombia. We first exploit the geographic and temporal variation in the disease spread to estimate the effect of local exposure to the virus on ...Documentos de Trabajo. 2022-08-22
We investigate whether central banks are able to attract or redirect capital flows, by bringing together the entire empirical literature into the first quantitative meta-analysis on the subject. We dissect policy effects ...Documentos de Trabajo. 2022-08-22
In this paper we build an incomplete-markets model with heterogeneous households and firms to study the aggregate effects of saving constraints and credit constraints in general equilibrium. We calibrate the model using ...Documentos de Trabajo. 2022-08-05
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
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.
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
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.
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
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
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
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.
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
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.
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.
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.