The international epidemiological transition and the education gender gap

We explore the impact of the international epidemiological transition on educational attainment of males and females over the second half of the twentieth century. Using an instrumental variables strategy that exploits pre-existing variation in mortality rates across infectious diseases and gender differences in the responsiveness to the method of disease control, we document that health improvements associated with the transition led to larger gains in life expectancy for females due to their stronger immune response to vaccination. These relative gains were associated with greater increases in the educational attainment of females compared to males and account for a large share of the reduction in the education gender gap that took place over this period

Democratic constraints and adherence to the classical gold standard

We study how political institutions affected the decision of countries to adhere to the classical gold standard. Using a variety of econometric techniques and controlling for a wide range of relevant economic and political factors, we find that the probability of adherence to the gold standard before World War I was ceteris paribus lower for countries which were more democratic. This effect can be linked to how open the political process was to different segments of the population and the extent of political competition resulting from that. The effect was particularly relevant for peripheral countries and it influenced both the decision of countries to adopt the gold standard as well as the decision to suspend it

Democratic Constraints and Adherence to the Classical Gold Standard

We study how domestic politics affected the decisions of countries to adhere to the classical gold standard. Using a variety of econometric techniques and controlling for a wide range of economic factors, we demonstrate that political constraints were important in the decision of countries to adopt the gold standard as well as in the decision to suspend it. Specifically we find that the probability of adherence to the gold standard was ceteris paribus lower for countries in which domestic politics were organized in a more open and democratic fashion. This effect appears to be driven largely by the extent of domestic political competition and was particularly relevant for peripheral countries