Research
Current Working Papers
with Andrew D. Foster, revise and resubmit, Journal of Political Economy
We study the relationship between risk and schooling investment in a low-income setting. We show theoretically that parents respond to variance by reducing investment ex ante if the human capital production function exhibits dynamic complementarity and parental preferences for human capital are not too concave. We estimate the key parameters of the structural model, which suggest that the elimination of variance would result in a 15-18% increase in investments attributable to an ex ante response. We then use cross-village variation in risk over time and estimate an ex ante elasticity of study time with respect to variance of -0.05. Finally, we simulate the effects of an implicit social insurance program, modeled after the National Rural Employment Guarantee Scheme (NREGS). Our results suggest that the risk-reducing effect of the NREGS may offset adverse effects on child education that were evident during the NREGS phase-in due to rising wages.
Publications
"COVID-19 crisis, economic hardships and schooling outcomes" (with Friederike Lenel and Claudia Schupp), Education Finance and Policy. 2022. https://doi.org/10.1162/edfp_a_00378. Ungated version. Data.
"Agricultural modernization and fertility: Evidence from the oil palm boom in Indonesia" (with Christoph Kubitza), Journal of Human Resources. 2021. https://doi.org/10.3368/jhr.0520-10905R1. Ungated version. Data.
"Links between maternal employment and child nutrition in rural Tanzania" (with Bethelem Legesse Debela and Matin Qaim), American Journal of Agricultural Economics 103: 812-830. 2021. https://doi.org/10.1111/ajae.12113 (Open Access)
"Productive Effects of Public Works Programs: What do we know? What should we know?" (with Renate Hartwig), World Development 107: 111-124. 2018. https://doi.org/10.1016/j.worlddev.2018.02.031. Ungated version.
“An Employment Guarantee as risk insurance? Assessing the effects of the NREGA on agricultural production decisions”, World Bank Economic Review 33 (2): 413–435. 2019. doi: 10.1093/wber/lhw067. Ungated version. Data.
“Do cows have negative returns?” (with Michael Grimm), Economic Development and Cultural Change 66 (4): 676-707. https://doi.org/10.1086/697414. Ungated version.
“The insurability framework applied to agricultural microinsurance: What do we know, what can we learn?”, Geneva Papers on Risk and Insurance, 39, pp. 264–279, 2014.