Empirical studies of the relationship between school inputs and test scores typically do not account for the fact that households will respond to changes in school inputs. We present a dynamic household optimization model relating test scores to school and household inputs, and test its...

Tanto las habilidades cognitivas como las no cognitivas (socio-emocionales) son importantes para comprender las oportunidades que tienen los niños y los resultados de aquellas en su adultez. Sin embargo, no es claro cómo se producen las habilidades no cognitivas y qué rol juegan las...

Economic losses from disasters are now reaching an average of US$250--$300 billion a year. In the last 20 years, more than 530,000 people died as a direct result of extreme weather events; millions more were seriously injured. Most of the deaths and serious injuries were in developing countries....