The typical arguments made for the conditioning argument of CCTs are usually based on paternalism (people might have incorrect beliefs about the value of education, or parents may have incomplete altruism for their kids), externalities (the social returns to education exceed the private returns so individuals underinvest), or political economy (it is easier to sell transfers to the voters if you make them conditional). A
David McKenzie's blog
Development Impact is having a week off due to Memorial Day and dodgy internet connections in remote locations. In the meantime, Markus is looking for someone to work on a number of private sector impact evaluations at the World Bank.
Here is the blurb:
Position Announcement Economist, Africa Region Gender Practice, The World Bank
Economist, Africa Region Gender Practice, The World Bank
· A remarkable sounding experiment – randomizing the freedom to short-sell stocks – is covered on Bloomberg. They worked with a money manager and randomized which stocks they changed the supply of lendable shares in, working with over $580 million in securities.
The new book Uncontrolled by Jim Manzi has attracted a lot of recent press (e.g. see Markus’ recent post for discussion of David Brooks’ take, or this piece in the Atlantic), and makes the argument that there should be a lot more randomized experiments of social programs. I was therefore very interested to order a copy and just finished reading it.
- Book reviews
· Data from all 13 rounds of our Sri Lanka microenterprise survey, along with questionnaires and do files are now all up on Chris Woodruff’s website at Warwick.
I spent Friday and Saturday at the BREAD development conference at Yale (program here). It differs from most conferences - which feature many papers each presented for a short amount of time- by instead having only 7 papers each presented for 1 hour 15 minutes with plenty of spirited discussion.
Development Impact: JDE now has you as the editor plus eight co-editors. How do you assign papers and coordinate with so many co-editors? Also, how are the co-editors are appointed?
· Tim Ogden writes on the mysteries emerging from new work on ways to increase savings - on the FAI blog.
“More and better jobs” is a goal for many policymakers around the world (along with part of the title for a recent World Bank South Asia flagship report on employment). How to create “good jobs” is a key question that the next World Development Report is also expected to help answer.
The American Economics Association announced today that the 2012 Johns Bates Clark medal (for the most significant work by an economist under age 40) winner is Amy Finkelstein of MIT, who has made important contributions to the study of health and insurance markets. The AEA summary of her work is here.