Examinando por Autor "Parro, Francisco"
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Ítem Measuring the impact of financial taxation on capital: Evidence from chilean manufacturing plants(Journal of Applied Economics, 2019) Correa, Juan A.; Lorca, Miguel; Parro, FranciscoUsing panel data from Chilean manufacturing plants, we estimate the impact of a stamp tax, levied on loans by financial institutions, on capital stock. Our results show that the tax has a statistically significant negative effect on the stock of capital. Specifically, we find that a rise of one percentage point in the financial tax rate decreases the stock of capital by about 4%. We also find that the impact on firms is heterogeneous, depending on the intensity of the different types of capital they hold. In particular, the demand for capital from firms with a higher percentage of structural assets, such as land and buildings, is relatively less affected by the tax.Ítem The Effects of Vouchers on Academic Achievement: Evidence from Chile’s Conditional Voucher Program Juan A. Correa David Inostroza Francisco Parro Loreto Reyes Gabriel Ugarte Universidad Andrés Bello Marzo(Universidad Andrés Bello (Chile). Facultad de Economía y Negocios, 2014) Juan A., Correa; Inostroza, David; Parro, Francisco; Reyes, Loreto; Ugarte, GabrielAbstract We use data from Chile's conditional voucher program to test the e ects of vouchers on academic achievement. Conditional vouchers have delivered extra resources to low-income, vulnerable students since 2008. Moreover, under this scheme, additional resources are contingent on the completion of speci c scholastic goals. Using a di erence-in-di erences approach, we nd a positive and signi cant e ect of vouchers on standardized test scores. Additionally, our results highlight the importance of conditioning the delivery of resources to some speci c academic goals when frictions exist in the education market.Ítem The persistent effect of socioeconomic status on education and labor market outcomes: Evidence from Chile’s administrative records(Emerald Group Holdings Ltd., 2019-11) Correa, Juan A.; Gutiérrez, Pablo; Lorca, Miguel; Morales, Raúl; Parro, FranciscoPurpose: This paper aims to study the effect of family socioeconomic status (SES) on academic and labor market outcomes. Design/methodology/approach: The authors used a rich data set of administrative records for test scores, individual background and adult earnings of a cohort of agents, covering a period spanning the agents' upper-secondary education and their early years in the labor market. Findings: The authors find that students with the highest SES obtained a 1.5 standard deviations higher score in the college admission test than students who had the same academic outcomes in the eighth grade test but belong to the lowest SES. Similarly, among students that obtained the same scores in the college admission test, those with the highest SES earned monthly wages 0.7 standard deviations higher than those with the lowest SES. Originality/value: The findings highlight that family socioeconomic background continues to influence outcomes during individuals’ upper secondary education and early years in the labor market. © 2019, Juan A. Correa, Pablo Gutiérrez, Miguel Lorca, Raúl Morales, Francisco Parro.