This paper examines how availability of microfinance influences households’ borrowing from informal sources in village economies. It uses a unique household level panel data set, which spans more than two decades (1987–2008), from rural Bangladesh. We find that households’ access to...

This paper examines how availability of microfinance influences households' borrowing from informal sources in village economies. It uses a unique household level panel data set, which spans more than two decades (1987-2008), from rural villages in Bangladesh. We find that households' access to...

The paper examines the effects of skilled immigration on US wages that are due to innovation. We extend the studies by Hunt & Gauthier-Loiselle (2010), and Hunt (2011) to explore the immigration-innovation-wages nexus. Using the National Survey of College Graduates (NSCG) and the US Census...

This paper examines the long-term effects of exposure to civil war and genocide on the educational attainment and labor productivity of individuals in Cambodia. Given the well-documented causal links between schooling and labor productivity, it is surprising that past studies show that civil...

This paper examines the link between the Female Secondary School Stipend Program in Bangladesh, its effects on schooling of girls, and the subsequent impact on the education of their younger siblings. The stipend program was introduced nationwide in 1994, and affected girls in rural areas who...

During the past two decades, the U.S. banking industry has experienced an unprecedented wave of consolidation, marked by a substantial decline in the number of insured depository institutions and the emergence of banking behemoths with assets totaling in the hundreds of billions of dollars. This...

This paper provides an analysis of potential unequal burden of bribery in schools on poor households in developing countries. The rich are more likely to pay bribes in the standard model where the probability of punishment for bribe taking by a teacher is the same irrespective of income of the...