This paper studies how the strength of social ties is affected by the geographical location of other individuals and their social capital. We characterize the equilibrium in terms of both social interactions and social capital. We show that lower travel costs increase not only the interaction...

To shed light on the interaction between macroprudential and monetary policies, we study the inward transmission of foreign monetary policy in conjunction with domestic macroprudential and monetary policies in Norway and Sweden. Using detailed bank-level data we show how Norwegian and Swedish...

This paper reports the results of an at-scale randomized controlled trial among 18,000 secondary students in Zanzibar (Tanzania) to examine the effects of personal best goal-setting on student outcomes. The paper also tests the impact of combining goal setting with non-financial rewards...

Parents can play a crucial role in children's learning, particularly when children are out of school or during times of school closures. In this study, we evaluate the impacts of two distance educational interventions, which directly involved parents and were delivered via basic mobile phones,...

This paper uses a randomized controlled experiment in which farmers trained on a new rice cultivation method teach two other farmers. The results show that the intervention increases yields and farm profits among treated farmers. Teacher-trainees are effective at spreading knowledge and inducing...

In the standard model of corruption, the rich are more likely to pay bribes for their children's education, reflecting higher ability to pay. This prediction is, however, driven by the assumption that the probability of punishment for bribe-taking is invariant across households. In many...