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Contact: caroartc@ucla.edu


  • Prof. Adriana Lleras-Muney alleras@econ.ucla.edu

  • Prof. Rodrigo Pinto rodrig@econ.ucla.edu

  • Prof. Sarah Reber


  • Prof. Till von Wachter tvwachter@econ.ucla.edu

Follow me on twitter: @caroartc

I am a PhD candidate in the Department of Economics at UCLA. I am on the market in 2018/19 and will be available for interviews at the ASSA meetings in Atlanta. My fields are Labor, Education and Crime.

Job Market Paper

The Cost of Bad Parents: Evidence from Incarceration on Children's Education

This paper provides evidence that parental incarceration increases children's educational attainment. I collect criminal records for 100,000 poor parents who have been convicted of a crime in Colombia, and combine it with administrative data on the educational attainment of their children. I develop a new econometric model that identifies the causal effect of incarceration on children's outcomes exploiting the random assignment of defendants to judges who differ in their stringency to both convict and incarcerate defendants. I show that the causal effects of incarceration are identified even when the outcomes of the children are only observed for convicted parents. I find that conditional on conviction, parental incarceration increases education by 0.8 years for children whose parents are on the margin of incarceration. This positive effect is larger for boys, violent crimes and when the incarcerated parent is the mother.  (Paper) (Slides)


The Effect of Human Capital on Earnings: Evidence from a Reform in Colombia’s top University (2018) Journal of Public Economics. Vol 157, January. pp 212-225

In this paper I test whether the return to college education is the result of human capital accumulation or instead reflects the fact that attending college signals higher ability to employers. I exploit a reform at Universidad de Los Andes, which in 2006 reduced the amount of coursework required to earn degrees in economics and business by 20% and 14%, respectively, but did not change the quality of incoming or graduating students. The size of the entering class, their average high school exit exam scores, and graduation rates were not affected by the reform, indicating that selection of students into the degrees remained the same. Using administrative data on wages and college attendance, I estimate that wages fell by approximately 16% in economics and 13% in business. These results suggest that human capital plays an important role in the determination of wages and reject a pure signaling model. Surveying employers, I find that the reduction in wages may have resulted from a decline in performance during the recruitment process, which led students to be placed in lower-quality firms. Using data from the recruitment process for economists at the Central Bank of Colombia, I find that the reform reduced the probability of Los Andes graduates' being hired by 17 percentage points.

Mention in media:

WSJ: Real time economics

Bloomberg Opinion, by Noah Smith

Brookings- Future Development by Shanta Devarajan

Courtier en Bourse

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