This dissertation includes three empirical essays on development economics and one on the economics of education. The first essay (co-authored by Stephan Klasen) is a contribution to the debate surrounding the Millennium Development Goals (MDGs) and the on-going debate about what international...

Samburu pastoralists in northern Kenya experience chronic poverty and often express the belief that formal education may be an alternative route out of poverty. The roles of parental wealth, livestock inheritance and formal education in household wealth (measured in livestock holdings) and...

Understanding household-level asset dynamics has important implications for designing relevant poverty reduction policies. To advance this understanding, we develop a microeconomic model to analyze the impact of a shock (for example a drought) on the behavioral decisions of pastoralists in...