We analyze the very short-term causal impact of exposure to one of the most powerful storms ever recorded to strike land on locus of control, reciprocity, and risk preferences within a sample of 2,352 individuals. We find that people exhibit significantly lower external locus of control,...

Child labor is a common consequence of economic shocks in developing countries. We show how reducing vulnerability can affect child labor and schooling. We exploit the extension of a health and accident insurance scheme by a Pakistani microfinance institution (MFI) that was set up as a...

Child labor is a common consequence of economic shocks in developing countries. We show that reducing vulnerability can affect child labor outcomes. We exploit the extension of a health and accident insurance scheme by a Pakistani microfinance institution that was set up as a randomized...