This paper reviews the recent literature on rural-urban migration in developing countries,
focusing on three key questions: What motivates or forces people to migrate? What costs do …

We review the recent literature on rational inattention, identify the main theoretical
mechanisms, and explain how it helps us understand a variety of phenomena across fields …

We use a large expansion of government-owned banks in cities with extremely low bank
branch coverage and data on the universe of formal-sector employees in Brazil over 2000 …

This article establishes a general equivalence between discrete choice and rational
inattention models. Matějka and McKay (2015) showed that when information costs are …

We study a financial inclusion policy targeting Brazilian cities with low bank branch
coverage using data on the universe of employees from 2000–2014. The policy leads to …

The conventional discrete-choice model of demand assumes that consumers are fully
informed about every available product alternative. This assumption is at odds with the large …

While prior literature has demonstrated the negative effects of extreme heat on labor
productivity, empirical evidence remains limited on its implications for labor share. This study …

Acquiring information about destinations can be costly for migrants. We model information
frictions in the rational inattention framework and obtain a closed-form expression for a …

This study examines an understudied channel through which information and
communication technology (ICT) affects labor markets: specifically, its role in enhancing …

Children's education and economic opportunities differ substantially across US
neighborhoods. This paper develops and estimates a spatial equilibrium model that links …