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We investigate the effects of a positive income shock on mental health among adolescent girls using evidence from a cash transfer experiment in Malawi. Offers of cash transfers strongly reduced psycho...
Happiness and the Persistence of Income Shocks
incomplete markets happiness income persistence
2012/10/23
We reassess the empirical effect of income and employment on self-reported well-being. Our analysis makes use of a novel two-step estimation procedure that allows applying instrumental variable regres...
Labor Supply and Consumption Smoothing When Income Shocks Are Non-Insurable
dual job holding wage shock consumption smoothing subsidiary farming reaction time to shocks
2012/11/1
The paper investigates how employees use secondary employment to smooth out consumption shortfalls from non-anticipated wage shocks in their main employment. The identification strategy exploits surpr...
Lucky in Life, Unlucky in Love?: The Effect of Random Income Shocks on Marriage and Divorce
Lucky Life Unlucky in Love Random Income Shocks Marriage Divorce
2016/3/8
Economists have long been interested in the extent to which economic resources affect decisions to marry and divorce. However, this issue has been difficult to address empirically due to a lack of exo...
Are Children Really Inferior Goods?: Evidence from Displacement-Driven Income Shocks
Children Really Inferior Goods Evidence Displacement-Driven Income Shocks
2016/3/7
This paper explores the causal link between income and fertility by analyzing women’s fertility response to the large and permanent income shock generated by a husband’s job displacement. I find that ...