We use direct evidence on credit constraints to study their importance for household consumption growth and for welfare …. We distentangle the direct effect on consumption growth of a currently binding credit constraints from the indirect … effect of a potentially binding credit constraint which generates consumption risk. Our data is focused on job losers. We …

(before making additional payments). By contrast, debt declined most (so saving rose most) for unconstrained consumers. These …

disaggregating household spending, income, saving, and debt between the bottom 95 percent and top 5 percent of the income …

find that parents who do not marry off their under-age daughters in Malawian villages where child marriage is prevalent are … public donation drives across 412 villages, we find that those who do not support child marriage are no longer perceived as … marriage and teenage pregnancies decrease by nearly 30% in those villages, one year after the intervention. …

: where the prevalence of child marriage is high, those who do not marry off their under-age daughters are perceived as less … visible alternative to child marriage for parents who are only willing to engage in it out of social image concerns. One year … villages where child marriage was most prevalent at baseline, and (2) in those villages, parents who do not marry off their …