• Publications
  • Influence
Foreign Aid And The Business Cycle
In this paper, we document some key business cycle properties of foreign aid flows to developing countries. We identify two striking empirical regularities. First, aid flows are highly volatile overExpand
  • 288
  • 25
  • PDF
On the Welfare Cost of Economic Fluctuations in Developing Countries
Macroeconomic fluctuations are much stronger in developing countries than in the United States. Yet, while a large literature debates the welfare cost of economic fluctuations in the United States,Expand
  • 257
  • 15
Taxes, Inequality and the Size of the Informal Sector
In this note we develop a simple heterogeneous-agent model with incomplete markets to explain the prevalence of a large, low-productivity, informal sector in developing countries. In our models,Expand
  • 102
  • 5
A Theory of the Worst Forms of Child Labour
Although intuitive and morally compelling, a ban on the worst forms of child labour in poor countries is unlikely to be welfare improving. We show that harmful forms of child labour have an economicExpand
  • 96
  • 3
  • PDF
Voting on Unemployment Insurance
In this article, we ask heterogeneous agents in a dynamic general equilibrium economy to vote on the generosity of their unemployment insurance program. We observe the influence on their vote of (1)Expand
  • 35
  • 3
The Economics of Child Trafficking (Part II)
The trafficking of children is a thriving business. In this paper, we highlight key economic characteristics of this business. We show that the fight against child trafficking is far from trivial andExpand
  • 8
  • 2
  • PDF
Unemployment Benefits vs. Unemployment Accounts: A Quantitative Exploration
We use a dynamic equilibrium model with heterogeneous agents to assess the quantitative effects of switching from the typical unemployment insurance programs to a system of mandatory unemploymentExpand
  • 7
  • 1
  • PDF
On voters’ attitudes towards unemployment insurance subsidies across regions: a Canadian simulation
The Canadian unemployment insurance program is designed to reflect the varying risk of joblessness across regions. Regions that are considered low-risk areas subsidize higher-risk ones. A region’sExpand
  • 15
  • 1