This report covers the second year of the ESRC Research Centre for Analysis ofSocial Exclusion (CASE) from October 1998 to September 1999. The year sawincreased activity and output from the previous year.The Centre’s objectives are to develop understanding within five broad areas:income...

This report summarises presentations and discussion at a seminar, organised by LSE Housingand CASE, which took place at the London School of Economics on 7th July 1998. The eventwas chaired by Professor Howard Glennerster (LSE and Chairman of STICERD), and thespeakers were Professor William...

This paper analyzes how preferences for a non-economic characteristic, such as caste, canaffect equilibrium patterns of matching in the marriage market, and empirically evaluates thisin the context of arranged marriages among middle-class Indians. We develop a model thatdemonstrates how the...

This paper analyzes the theoretical underpinnings of high-frequency repayment, a featurein nearly all microfi…nance contracts that has been largely overlooked by theorists. The pervasive belief among practitioners that frequent repayment is critical in achieving high repaymentrates is puzzling....

We study an economy where agents are heterogeneous in terms of observablewealth and unobservable talent. Adverse selection forces creditors to ask forcollateral. We study the two-way interaction between rationing in the creditmarket and the wages offered in the labor market. Both pooling and...