I study risk sharing arrangements in settings characterized with Knightian uncertainty. In general both the demand for insurance and risk perceptions are endogenous and interact in these settings. This paper attempts to identify the key mechanisms affecting insurance in stylized environments...

We explore the role of skill non-neutral productivity differences and barriers to technology adoption in explaining cross-country income differences. Using a model of directed technological change modied to include physical capital, technology diffusion and barriers to entry, and a new data set...

In this appendix, we present the details of the extended model with debt in our paper "Transitional Dynamics of Dividend and Capital Gains Tax Cuts." Section 1 presents the extended model and results. Section 2 presents the numerical algorithm to solve this model. Section 3 presents an...

Regression discontinuity designs (RDD) are widely used in the social sciences to estimate causal effects from observational data. Scholars can choose from a range of methods that implement different RDD estimators, but there is a paucity of research on the performance of these different...

Incumbency advantage is a well known phenomenon in developed countries such as the US. Recent work on Brazil and India has suggested that incumbents are disadvantaged when seeking reelection in developing countries. Most of the research on developing countries has focused on estimating...

Incumbents have a potential advantage not only when running for reelection, but also when pursing other political offices. So far, the literature has mostly ignored these effects. We use evidence from Brazilian elections to show that this `extended incumbency advantage' is an important political...

Using novel micro data, we explore lifecycle consumption in Sub-Saharan Africa (SSA). We find that households' ability to smooth consumption over the lifecycle is large, particularly, in rural areas. Interestingly, consumption in old age is sustained by shifting to self-farmed staple food, as...