We review studies of the impact of credit constraints on the accumulation of human capital.
Evidence suggests that credit constraints have recently become important for schooling and …

Microinsurance has recently received much attention as a promising tool to protect poor
individuals from important shocks. Yet, voluntary demand from people has been low …

Using a unique dataset of more than 2 million Chinese firms that received credit from both
an important big tech firm (Ant Group) and traditional commercial banks, this paper …

A landmark textbook on development economics The study of development in low-income
countries is attracting more attention around the world than ever before. Yet until now there …

Recent sovereign defaults are accompanied by interest rate spikes and deep recessions.
This paper develops a small open economy model to study default risk and its interaction …

This paper examines the link between income and consumption inequality. We create panel
data on consumption for the Panel Study of Income Dynamics using an imputation …

Using detailed data on gifts, loans, and asset sales, this paper investigates how rural Filipino
households deal with income and expenditure shocks. We find that shocks have a strong …

Using data from the Consumer Expenditure Survey, we first document that the recent
increase in income inequality in the US has not been accompanied by a corresponding rise …

We obtain a recursive formulation for a general class of optimization problems with forward‐
looking constraints which often arise in economic dynamic models, for example, in …

We survey the theoretical and empirical literature on peer effects in education. Theoretical
models of peer effects are first summarized. Models of educational provision regimes in …