We examine the effect of single-sex schooling on students’ competitiveness by studying middle school students in Seoul who were randomly assigned to either single-sex or coeducational schools within their school districts. Contrary to popular belief and existing studies, our results suggest...

We present a model in which the embezzlement of tax revenues by public officials leads the government to rely more on seigniorage to finance its expenditures. This raises inflation which depresses investment and growth via a cash-in-advance constraint.

We show that subjects who set their minimum acceptable offer to zero in an ultimatum game are the most generous players in a dictator game. This finding challenges the interpretation of the acceptance of low offers as payoff-maximizing behavior.

We argue that subsidized food distribution systems that fail to publicize how much food has been allocated to each local market will experience high rates of theft on the margin as they are expanded. We provide the first comparable cross-section of estimates of subsidized food theft. As...

An active area of research within economics concerns the underpinnings of why people give to charitable causes. This study takes a new approach to this question by exploring motivations for giving among children aged 3–5. Using data gathered from 122 children, our artefactual field experiment...