Luís Antônio Aguiar

Luis Aguiar acknowledges financial support from the Swiss National Science Foundation Grant Number 207682. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. Related

The authors thank seminar participants at Minnesota, Tel Aviv, Georgia State, Georgia Tech, and the European Commission’s Joint Research Center in Seville. The views expressed herein are those of the authors and do not necessarily reflect the official opinion of the European Commission, the EC Joint Research Center, or the National Bureau of Economic Research. Joel Waldfogel Aguiar is an employee of the European Commission.

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