The authors are indebted to the faculty of economics, business, and accounting at Universidade de São Paulo (USP) for providing the data and assistance during the project. This research has benefited from discussions with Nicolás Ajzenman, Bladimir Carrillo, Raphael Corbi, Lena Edlund, Bruno Ferman, Claudio Ferraz, Claudia Goldin, Gustavo Gonzaga, Gabriel Leite, Andrea Lépine, Cecilia Machado, Ricardo Madeira, Naercio Menezes-Filho, Joniada Milla, Louis-Philippe Morin, Daniele Paserman, Vitor Possebom, and Rodrigo Soares and comments from conference and seminar participants at the Fourth Family and Gender Economics Study Group (GeFam) Meeting, 42nd Sociedade Brasileira de Econometria (SBE) Meeting, Sociedade Brasileira de Econometria (SBE) Applied Economics Webinar, Canadian Economics Association (CEA) Meeting, 26th Annual Latin American and Caribbean Economic Association (LACEA) Meeting, Escola de Economia de São Paulo (FGV EESP), Pontifícia Universidade Católica do Rio de Janeiro (PUC-Rio), Universidade Federal da Paraíba (UFPB), Universidade Federal de São Paulo (UNIFESP), and Universidad Nacional de La Plata (UNLP). The authors acknowledge Luigi Garzon, Viviani Kasahara, Kelly Gonçalves dos Santos, and Pedro Oliveira for excellent research assistance and Kelly Gonçalves dos Santos and Lucas Amici Della Rocca for providing additional data. The authors thank Michael L. Anderson and Florian Hoffmann for generously sharing their Stata code for the generalized least squares (GLS) summary index and Lee bounds, respectively. All remaining errors are the authors’ own.