We examine whether the extreme rainfall condition affects corporate borrowings. Based on the saliency argument, the findings show that extreme rain conditions induce expansion of corporate borrowing among rain-sensitive firms. We further document the heterogeneous treatment effect of this rain...

This paper investigates the role of social identity, namely gender and caste of individuals, in stream choice at the higher secondary level of schooling in India. We analyze the choice of science stream that is a crucial determinant of subsequent science, technology, engineering, and mathematics...