A key concern in the design of education policies relates to the structure of incentives in accountability systems. This paper examines a school accountability program that provides financial support to low-performing schools but has no direct punishment scheme for recipients who do not exhibit...

This study examines the extent to which changing the composition of college majors among working-age population may affect the supply of human capital or effective labor supply. We use the South Korean setting, in which the population is rapidly aging, but where, despite their high educational...

This paper examines the extent to which the Great Recession affected gender composition at birth. We focus on ethnic minorities in the US known for a son preference - Chinese, Indians, and Koreans. Using the DID method, we find that in response to the Great Recession, the fraction of newborn...

We investigate the impact of an economic downturn on natality and birthweight for newborns when parents prefer sons. We examine South Korea, unexpectedly hit by the Asian financial crisis in 1997. For identification, we exploit regional and time variation in the crisis, focusing on women who...