We investigate the effects of incentivizing early prenatal care utilization on infant health by exploiting a reform that required expectant mothers to initiate prenatal care during the first ten weeks of gestation to obtain a one-time monetary transfer paid after childbirth. Applying a...

Why do people have kids in developed societies? We propose an empirical test of two alternative theories - children as "consumptionʺ vs. "investmentʺ good. We use as a natural experiment the Italian pension reforms of the 90s that introduced a clear discontinuity in the treatment across...

This paper examines the long run education and labor market effects from early-life exposure to the Greek 1941-42 famine. Given the short duration of the famine, we can separately identify the famine effects for cohorts exposed in utero, during infancy and at one year of age. We find that...