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This paper investigates whether individuals feel worse off when others around them earn more. In other words, do people care about relative position and does " lagging behind the Joneses " diminish well-being? To answer this question, I match individual-level data containing various indicators of well-being to information about local average earnings. I(More)
Performance pay for teachers is frequently suggested as a way of improving educational outcomes in schools, but the empirical evidence to date on its effectiveness is limited and mixed. We present results from a randomized evaluation of a teacher incentive program implemented across a representative sample of government-run rural primary schools in the(More)
Banks around the world, particularly in emerging markets, often face large shocks to their supply of liquidity due to regime shifts, speculative bank runs, " hot money " flows, or exchange rate volatility. Many argue that banks pass these fluctuations on to borrowing firms even when there is no change in the firms' overall credit worthiness. This can lead(More)
  • WE LEARN, Dani Rodrik, +9 authors SHALL WE LEARN
  • 2008
Development economics is split between macro-development economists—who focus on economic growth, international trade, and fiscal/macro policies—and micro-development economists—who study microfinance, education, health, and other social programs. Recently there has been substantial convergence in the policy mindset exhibited by micro evaluation(More)
How do income shocks a¤ect armed con ‡ict? Theory suggests two opposite e¤ects. If labor is used to appropriate resources violently, higher wages may lower con ‡ict by reducing labor supplied to appropriation. This is the opportunity cost e¤ect. Alternatively, a rise in contestable income may increase violence by raising gains from appropriation. This is(More)
Evaluations of educational programs commonly assume that what children learn persists over time. We compare learning in Pakistani public and private schools using dynamic panel methods that account for three key empirical challenges to widely used value-added models: imperfect persistence, unobserved student heterogeneity, and measurement error. Our(More)
In response to parasite resistance to older malaria medicines, the global health community is planning to make new, more effective malaria treatments called Artemisinin Combination Therapies (ACTs) available over-the-counter at heavily subsidized rates throughout Africa. While this may go a long way toward reducing under-treatment (thereby saving lives in(More)
Using the historical random assignment of MBA students to sections at Harvard Business School, I show that executive peer networks are important determinants of managerial decision-making and firm policies. Within a class, executive compensation and acquisitions strategy are significantly more similar among graduates from the same section than among(More)
The current banking crisis highlights the challenges faced in the traditional lending model, particularly in terms of screening smaller borrowers. The recent growth in online peer-to-peer lending marketplaces offers opportunities to examine different lending models that rely on screening by multiple peers. This paper evaluates the screening ability of(More)