Thinly traded securities exist in both emerging and well developed markets. However, plausible estimations of market risk measures for portfolios with infrequently traded securities have not been explored in the literature. We propose a methodology to calculate market risk measures based on the...

We estimate the impact of access to information and communication technology on agricultural profitability and child labor among isolated villages in rural Peru. We exploit the timing of an intervention that provided at least one public (satellite) payphone to 6,296 villages that did not...

We identify whether remittances facilitate consumption smoothing during health shocks in Jamaica. In addition, we investigate whether remittances are subject to moral hazard by receivers, how the informal insurance provided by remittances interacts with formal health insurance, and whether there...

This paper provides the first experimental evaluation of the participatory budgeting model showing that it increased public participation in the process of public decision making, increased local tax revenues collection, channeled larger fractions of public budgets to services stated as top...

We evaluate the effectiveness of sending text messages to pregnant women containing appointment reminders and suggestions for healthy behaviors during pregnancy. Receiving messages had an overall positive effect of 5 percent on the number of prenatal care visits attended. Moreover, for women who...

Covering the full population of applicants to the Jamaican Conditional Cash Transfer Program (PATH), we explore whether receiving PATH since childhood altered the academic gains from attending a more preferred public secondary school. To uncover causal associations, we implement a double...

A key challenge for policymakers is how to design methods to select beneficiaries of social programs when income is volatile and the target population is dynamic. We evaluate a traditional static proxy-means test (PMT) and three policy-relevant alternatives. We use a unique panel dataset of a...

Canonical human capital theories posit that education, by enhancing worker skills, reduces the likelihood that a worker will be laid-off during times of economic change. Yet, this has not been demonstrated causally. We link administrative education records from 1987 through 2002 to nationally...

Covering the full population of applicants to the Jamaican Conditional Cash Transfer Program (PATH), we explore whether receiving PATH benefits alters the academic returns to subsequently attending a more preferred public secondary school. To uncover causal associations, we exploit exogenous...

This study analyzes the effects of exposure to tropical storms and hurricanes during pregnancy on children's anthropometric measurements taken within the first five years of life. It combines destruction indexes at the district level with 13 yearly rounds of household level surveys from Jamaica....