The assumption that remittances are a substitute for credit has been an implicit or explicit theoretical foundation of many empirical studies on remittances. This paper directly tests this assumption by comparing the response to health-related shocks among national and transnational households...

This paper provides causal evidence on early-life exposure to war on mental health status in adulthood. Using an instrumental variable strategy, the evidence indicates that early-life exposure to bombing during the American war in Vietnam has long-term effects. A one percent increase in bombing...

We provide new evidence on the impact of one severe weather shock on child height in Mongolia. Our focus is on the extremely harsh winter - locally referred to as dzud - of 2009/10, which caused more than 23 percent of the national livestock to perish. This resulted in a food insecurity...

We study the effect of within-household mortality on the evolution of household per capita consumption. Relying on a panel survey of Mexican households, we find that these households were capable of perfectly smoothing the shock into their consumption caused by the death of a household member....

Using the expansion of a large-scale health insurance program in Mexico and variation in local rainfall levels, I estimate whether the program-induced increase in healthcare coverage protected the educational attainment of primary school children in the event of adverse climatic shocks. Results...

During the Peruvian economic crisis of the late 1980s, infant mortality significantly increased. This paper investigates the long-term consequences on health and education for infants who survived this period. Because no longitudinal data are available, the estimation of causal effects is...

This study is discovering the impact of idiosyncratic and systematic shocks of COVID-19 pandemic on financial markets. Under a condition when the application of a conventional event-study is limited due to a high frequency of negative news – we suggest brute-force search to identify those...

This paper investigates the long-term effects of in-utero exposure to floods. Using data from the Peruvian National Household Survey (ENAHO) over the period 2001--2017, I examine the completion of primary and secondary education for individuals born between 1975 and 1983 following the exposure...

While the influence of adverse shocks on objective measures of wellbeing has been researched in economics, little evidence exists on the effects of shocks like natural disasters on subjective wellbeing and aspirations. The paper examines the causal links between an adverse shock, the 2006...