This paper investigates the impact of rare-event experiences and observations on risk taking. Matching detailed individual, household, and community-level surveys with behavioral games data, we explore the mechanisms ...

Enterprises run by women in developing countries are often short-lived and small. Using data from an RCT with aspiring female entrepreneurs in Pakistan, we find that providing loans and training leads to business creation, ...

Investment in human capital has the potential to promote economic growth and alleviate poverty. Unfortunately, Pakistan’s performance on this front has been poor with 19% of the primary school age children being out of ...