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We estimate the direct and indirect effects of recruitment bonuses paid to teachers working in rural schools in Peru on their retention and student learning. This is the first study to estimate the indirect effects of a bonus aimed at attracting teachers to disadvantaged schools. This is important for assessing whether the incentive has improved the distribution of teaching resources and for estimating the direct effect without bias. We exploit the exogenous variation produced in the size of the bonus by the rule used to classify rural schools, and allow ineligible schools to be affected if they have an eligible school nearby. We find the bonus produces positive direct effects on teacher retention but also a negative spillover on the probability of filling teacher vacancies in neighboring schools. This spillover indicates that the bonus is redistributing resources between equally disadvantaged schools. We also find that the bonus has no direct effects on student learning and produces a positive spillover on the scores of students in neighboring schools. We argue these results are due to the poor pedagogical skills of the teachers being mobilized by the scheme. A reasonable policy alternative is a scheme that targets talented teachers with larger bonuses.

We study a two-dimensional theory of gravity coupled to matter that is relevant to describe holographic properties of black holes with two equal angular momenta in five dimensions (with or without cosmological constant). We focus on the near-horizon geometry of the near-extremal black hole, where the effective theory reduces to Jackiw-Teitelboim (JT) gravity coupled to a massive scalar field. We compute the corrections to correlation functions due to cubic interactions present in this theory. A novel feature is that these corrections do not have a definite sign: for AdS$_5$ black holes the sign depends on the mass of the extremal solution. We discuss possible interpretations of these corrections from a gravitational and holographic perspective. We also quantify the imprint of the JT sector on the UV region, i.e. how these degrees of freedom, characteristic for the near-horizon region, influence the asymptotically far region of the black hole. This gives an interesting insight on how to interpret the IR modes in the context of their UV completion, which depends on the environment that contains the black hole.