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Reversing the Resource Curse: Foreign Corruption Regulation and the Local Economic Benefits of Resource Extraction

By Hans B. Christensen, Mark Maffett, and Thomas Rauter

American Economic Journal: Applied Economics, January 2024

We examine how foreign corruption regulation affects the economic benefits communities receive from extraction activities in the resource-rich areas of Africa. After a mid-2000s increase in enforcement of the US Foreign Corrupt Practices Act (FCPA), night...

Is It Who You Are or What You Get? Comparing the Impacts of Loans and Grants for Microenterprise Development

By Bruno Crépon, Mohamed El Komi, and Adam Osman

American Economic Journal: Applied Economics, January 2024

Is the type of financial support provided to businesses more important than which businesses receive it? Loans and grants can lead to differences in optimal investments and in scope for moral hazard. We randomize 3,293 business loan applicants into receiv...

Affirmative Action and Precollege Human Capital

By Mitra Akhtari, Natalie Bau, and Jean-William Laliberté

American Economic Journal: Applied Economics, January 2024

Though racial affirmative action (AA) policies are widespread in college admissions, evidence on their effects before college is limited. We study a US Supreme Court ruling that reinstated AA in three states. Using nationwide SAT data, we separately ident...

The Value of Leisure Synchronization

By Simon Georges-Kot, Dominique Goux, and Eric Maurin

American Economic Journal: Applied Economics, January 2024

This paper explores the extent to which workers are willing to trade hours worked for leisure time shared with their spouse. We use the fact that the number and timing of paid vacation days to which French employees are entitled vary in a quasi-random way...

What Impacts Can We Expect from School Spending Policy? Evidence from Evaluations in the United States

By C. Kirabo Jackson and Claire L. Mackevicius

American Economic Journal: Applied Economics, January 2024

We conduct meta-analysis on a comprehensive set of studies of the impacts of US K-12 public school spending on student outcomes—estimating average marginal impacts and heterogeneity across contexts. On average, a policy increasing spending by $1,000 per...

Estimating the Distaste for Price Gouging with Incentivized Consumer Reports

By Justin Holz, Rafael Jiménez-Durán, and Eduardo Laguna-Müggenburg

American Economic Journal: Applied Economics, January 2024

Thirty-four states prohibit price increases during emergencies, and individuals take costly actions to report violators. We measure experimentally the willingness to pay to report sellers who increase prices of personal protective equipment. Over 75 perce...

Propagation and Insurance in Village Networks

By Cynthia Kinnan, Krislert Samphantharak, Robert Townsend, and Diego Vera-Cossio

American Economic Review, January 2024

Firms in developing countries are embedded in supply chains and labor networks. These linkages may propagate or attenuate shocks. Using panel data from Thai villages, we document three facts: as households facing idiosyncratic shocks adjust their producti...