Publications

1. Collateral premia and risk sharing under limited commitment. Weerachart T. Kilenthong, Economic Theory, Vol. 46, No.3, 2011; pp. 475–501. Link.

2. Information-constrained optima with retrading: An externality and its market-based solution. Weerachart T. Kilenthong and Robert M. Townsend, Journal of Economic Theory, Vol. 146, No.3, 2011; pp.1042-1077. Link.

3. Trade through endogenous intermediaries. Weerachart T. Kilenthong and Cheng-Zhong Qin, Journal of Mathematical Economics, Vol. 50, 2014; pp. 262-268. Link.

4. Correction for “Collateral premia and risk sharing under limited commitment”. Weerachart T. Kilenthong, Economic Theory Bulletin, Vol. 2, No.1, 2014; pp.115-118. Link.

5. Access to ICT in Rural and Urban Thailand. Weerachart T. Kilenthong and Patarapan Odton, Telecommunications Policy, Vol. 38, No.11, 2014; pp. 1146-1159. Link. 

6. Observability and Endogenous Organizations. Weerachart T. Kilenthong and Gabriel A. Madeira, Economic Theory, Vol. 63, No.3, 2017; pp. 587–619. Link. (Lead Article).

7. Entrepreneurship and Family Businesses in Thailand. Weerachart T. Kilenthong and Kittipong Rueanthip, Asian-Pacific Economic Literature, Vol. 32, No.1, 2018; pp. 77-93. Link.

8. A Market-Based Solution for Fire Sales and Other Pecuniary Externalities. Weerachart T. Kilenthong and Robert M. Townsend, Journal of Political Economy Vol. 129, No.4, 2021; pp. 981–1010. Link. Online Appendix. Matlab Codes. (Lead Article).

9. Do Parental Absence and Children’s Gender Affect Early Childhood Investment? Evidence from Rural Thailand. Ngoc Tu T. Đinh and Weerachart T. Kilenthong, Singapore Economic Review, Vol. 66, No. 05, 2021; pp. 1443-1468. Link. Online Appendix.

10. Short-term Impact of an Early Childhood Curriculum Intervention in Rural Thailand. Wisuwat Chujan and Weerachart T. Kilenthong, Journal of Human Capital, Vol. 15, No.2, 2021; pp. 269-290. Link. Online Appendix. Data.

11. Long Run Risk Model and Equity Premium Puzzle in Thailand. Sartja Duangchaiyoosook and Weerachart T. Kilenthong, Southeast Asian Journal of Economics Vol.10, No.1, 2022; pp. 133-167. Link. Data and Matlab Codes.

12. The Role of Caregiver Time Preferences, Child Behavioral Problems and Community Risks on Parenting Style. Ahmad Shabir Faizi and Weerachart T. Kilenthong, Southeast Asian Journal of Economics Vol.10, No.3, 2022; pp. 135-162. Working Paper version. Online Appendix. 

13. Material Incentive Motivation and Working Memory Performance of Kindergartners: A Large-Scale Randomized Controlled Trial. Warabud Suppalarkbunlue, Sartja Duangchaiyoosook, Varunee Khruapradit, and Weerachart T. Kilenthong, Journal of Experimental Child Psychology, 235, 2023. Working paper version. DATA.

14. Learning Losses from School Closure due to the COVID-19 Pandemic for Thai Kindergartners. Weerachart T. Kilenthong,  Khanista Boonsanong, Sartja Duangchaiyoosook, Wasinee Jantorn and Varunee Khruapradit, Economics of Education Review, 96, 2023. Working paper version. DATA.

15. Minimum Wage Effects on Labor Market Outcomes: Evidence from Thailand. Warut Samart and Weerachart T. Kilenthong, Thailand and the World Economy, Vol. 42, No. 1, 2024: pp. 1- 21.

Working Papers

A Randomized Evaluation of an On-Site Training for Kindergarten Teachers in Rural Thailand

joint with Sartja Duangchaiyoosook,  Wasinee Jantorn, and Varunee Khruapradit

Abstract

This study evaluates the effectiveness of intensive and hands-on on-site training for preschool teachers using a randomized controlled trial in rural Thailand. The main finding is that the intervention led to an increase in the effectiveness of the classroom in terms of children’s cognitive skills by almost 50 percent relative to the control group. The on-site training intervention is cost-effective, costing 32.7 USD per student. Further investigation reveals that its specificity regarding the teaching approach or curriculum and detailed weekly teaching plans could be critical to its success.

Keyword: teacher training; teacher professional development; early childhood; school readiness; on-site training; randomized controlled trial

Working paper version as of January 31, 2024

Heterogeneous Returns to Education across Hukou-Migration Subgroups in China

joint with Juan Huang

Abstract

This paper uses the China Household Income Project 2018 dataset to estimate returns to education for various Hukou-migration subgroups. We overcome the endogeneity problem of years of schooling using an instrument based on the Great Expansion of Higher Education policy. Our results indicate that the highest returns are for urban native workers (27.4%), followed by urban Hukou-converted (25.0%) and rural native workers (14.7%). In contrast, the returns to education for rural-urban migrant workers are insignificant. Further analyses suggest that Hukou conversion significantly increased the returns to education for rural-origin people by enabling them access to better job opportunities.

Keyword: returns to education; hukou system; migration; china

Working paper version as of November 13, 2023

Intergenerational Transmission of Time Preferences: An Evidence from Rural Thailand

joint with Suparee Boonmanunt, Sartja Duangchaiyoosook, Wasinee Jantorn and Varunee Khruapradit

Abstract

This study investigates factors associated with child time preferences in rural Thailand using a large and unique data set of more than 700 children with rich background information on child, caregiver, parent, and household characteristics. We find that the caregiver discount factor positively correlates with a child's ability to delay gratification, regardless of whether the caregiver is a parent. Children's age and literacy ability are significantly associated with child time preferences, while other variables, e.g., screen time, are not. Interestingly, the older the caregivers, the stronger the relationship between caregiver and child time preferences.

Keyword: time preferences; field experiment; intergenerational transmission; skill formation, genetics

Working paper version as of April 17, 2024

Books

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