What drives livelihood diversification among predominantly rural households in developing countries and how can welfare-enhancing patterns be established and sustained in the long run? A large literature has focused on whether income diversification is a means of survival or a means of...

We analyse the effect of parental risk preferences and a novel measure of maternal bargaining power over educational expenses-elicited via lab-in-the-field experiments in rural Côte d'Ivoire-on the educational progression of boys and girls. Data from 135 couples and their children show that the...