We present a theory of the emergence of laws restricting child labor or imposing mandatory education that is consistent with the fact that poor parents tend to oppose such laws. We find that if altruistic parents are unable to commit to educating their children, child-labor laws can increase the...

Climate change and weather shocks pose major challenges for household income security and well-being, especially for smallholder farmers' communities. In such communities, imperfect risk insurance and labor markets may induce households to use traditional institutions such as polygyny to harness...

This paper examines the post-war strategies of Liberia and Sierra Leone to generate revenues from their natural resources. We document the challenges faced by the government of the two countries, contrasting measures taken to address these challenges as well as the outcomes. We complement the...