Standard methods for estimating production functions in the Olley and Pakes (1996) tradition require assumptions on input choices. We introduce a new method that exploits (increasingly available) data on a firm’s expectations of its future output and inputs that allows us to obtain consistent...

This paper investigates the evolution of socio-emotional skills over the life cycle and across generations. We start by characterising the evolution of these skills in the first part of the life cycle. We then examine whether parents' socio-emotional skills in early childhood rather than in...

The high correlation of industrial pollutant emissions complicates the estimation of the impact of industrial pollutants on health. To circumvent this, we use emissions from Kīlauea volcano, uncorrelated with other pollution sources, to estimate the impact of pollutants on local emergency room...

Hoarding by large speculators is often blamed for contributing to commodity market panics and bubbles. Using supermarket scanner data on US household purchases during the 2008 Rice Bubble, we show that hoarding is in fact more systemic, affecting even households who have no resale motive. Export...

Hoarding of staples has long worried policymakers due to concerns about shortages. We quantify how sticky store prices --- delayed price adjustment to shocks by reputable retailers --- exacerbate hoarding. When prices are sticky, households hoard not only for precautionary motives but also...

Many HIV testing programs in Africa and elsewhere aim to reduce risk-taking behaviors by providing individuals with information about their own HIV status. This paper examines how beliefs about own HIV status affect risky sexual behavior using data from married couples living in three regions of...