This paper confronts the wide political support for the 2C objective of global increase in temperature, reaffirmed in Copenhagen, with the consistent set of hypotheses on which it relies. It explains why neither an almost zero pure time preference nor concerns about catastrophic damages in case...

This paper presents a model of bank risk taking and government guarantees. Levered banks take excessive risk, as their actions are not fully priced at the margin by debt holders. The impact of government guarantees on bank risk taking depends critically on the portion of bank investors that can...

This study estimates the impact of Kenya?s post-election violence on individual risk preferences. Because the crisis interrupted a longitudinal survey of more than five thousand Kenyan youth, this timing creates plausibly exogenous variation in exposure to civil conflict by the time of the...

Risk-aversion has generally been found to decrease in income. This may lead one to expect that poor countries will be more risk-averse than rich countries. Recent comparative findings with students, however, suggest the opposite, giving rise to a risk-income paradox. This paper tests this...

This paper experimentally evaluates the relative importance of psychic costs of tetanus vaccination compared to monetary costs among women in rural Nigeria. To measure psychic costs, vaccine take-up between two conditions to receive cash incentives is compared: clinic attendance vs. vaccine...

This paper uses nationally representative panel data and a combination of econometric approaches, to explore linkages between rural non-farm activities (wage and self-employment) and household welfare in rural Malawi. The paper analyzes the average treatment effects and distributional effects on...

This paper uses unique data collected in rural Pakistan to assess the extent to which consanguinity, which is widespread in North Africa, Central and West Asia, and most parts of South Asia, is linked to child cognitive ability and nutritional status. As economic benefits of marrying cousins may...

This paper presents the initial findings from six rounds of research conducted between 2012 and 2016 on livelihoods and social change in rural Myanmar, undertaken as part of the Qualitative Social and Economic Monitoring initiative. These data provide unique insights into the ways in which broad...