rainfall shocks in rural Nicaragua, I find that migrants aged 15-21 years provide unilateral insurance to their origin … exposed to rainfall shocks with low levels of correlation with respect to shocks occurring at origin. …

with a negative income shock. In addition, marriages precipitated by negative income shocks may present specific features … (endogamy, age and education difference between spouses). Weather shocks provide an exogenous source of variation of household … income through agricultural production. Data on weather shocks are merged with individual and household level data from the …

, particularly in low-and-middle income countries (LMICs). Whilst the long-term effects of being exposed to rainfall shocks early in … mechanisms through which these shocks operate. This paper analyses the effects of early exposure to rainfall shocks on four …-level rainfall estimates. The key identification strategy relies on temporary climatic shocks being uncorrelated with other latent …

The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …

substantial declines in employment - especially overall hours - in the sector in the wake of negative weather-related economic …

We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … ways strongly determined by individual risk tolerance. Since the wealthy dominate aggregate risky investment, their risk … standard measure of risk tolerance. We find that wealthy individuals are more likely to be entrepreneurs and invest a larger …

rate contracts in the presence of output risk, and provide novel insights that reference dependent preferences affect the … tradeoff between risk and incentives. Subjects in our experiments choose their compensation for performing a real-effort task … from a menu of linear piece rate and fixed payment combinations. As classical principal-agent models predict, more risk …

Investment in improved agricultural inputs is infrequent for smallholder farmers in Africa. One barrier may be limited … money as a tool to promote agricultural investment. For this purpose, we designed and conducted a field experiment with a … interest was being paid. It also increased agricultural investment in fertilizer, although there was no change in investment in …