Affiliation:
1. University of São Paulo
2. London Business School and CEPR
Abstract
Abstract
A series of discontinuities in the allocation mechanism of federal transfers to municipal governments in Brazil allow us to identify the causal effect of public spending on local labour markets, using a “fuzzy” Regression Discontinuity Design (RDD). Our estimates imply a cost per job of about 8,000 US dollars per year and a local income multiplier around two. The effect comes mostly from employment in services and is more pronounced among less financially developed municipalities.
Funder
Newton Advanced Fellowship Scheme
FIPE Research Fellowship
European Research Council
Publisher
Oxford University Press (OUP)
Subject
Economics and Econometrics
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