This paper explores the effects of monetary shocks on the allocation of factors of production. We analyze these effects when money plays a role in improving the timing of the transactions undertaken by entrepreneurs. Such improvement is facilitated by money? important role in providing liquidity...

The lack of adoption of new farming technologies despite known benefits is a well-documented phenomenon in development economics. In addition to a number of market constraints, risk aversion predominates the discussion of behavioral determinants of technology adoption. We hypothesize that...

Summary Research suggests that education has a limited effect on subsistence farm productivity. Yet, rural incomes include more than farming as households diversify their income portfolios. Furthermore, education may affect the number of labor hours supplied. Utilizing data from Peru, this paper...

We show, in an artefactual field economics decision-making experiment, that the addition of an alternative to a choice set can affect the measurement of farmers' risk preferences in rural Peru. We found that an alternative that would normally be considered irrelevant was chosen in Peru, and that...

We experimentally measure the ability of subjects to coordinate on issues related to the H1N1 inuenza virus before and after an outbreak. Our instrument consists of an H1N1 survey converted into a coordination game. We show that the degree of coordination on beliefs about (1) H1N1 prevention,...

We use data on households’ bribery of public officials in Peru and Uganda to analyze the distribution by income of the burden of bribery, the mechanisms leading to it, and the payoffs to bribery. We show the burden of bribery is not borne disproportionately by the poor. Among bribers, the poor...

We investigate the long-term effect of childhood and adult socio-economic conditions on the health of the elderly in Mexico. We utilize a panel of individuals aged 50 and above from the Mexican Health and Aging Survey to examine whether the transition from good health in 2001 to good health in...